Maverick Capital Ltd. Acquires New Shares in Ollie's Bargain Outlet Holdings, Inc. $OLLI

Key Points

• Maverick Capital Ltd. acquired 69,933 shares of Ollie's Bargain Outlet, valued at approximately $8.14 million, representing about 0.11% ownership of the company.
• CEO Der Valk Eric Van sold 728 shares at an average price of $112.85, decreasing his ownership by 8.58% to 7,761 shares valued at about $875,828.85.
• Analysts have set target prices for Ollie's stock ranging from $130 to $159, with most believing it has a "Moderate Buy" rating and an average target price of $143.46.

Maverick Capital Ltd. purchased a new position in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 69,933 shares of the company's stock, valued at approximately $8,137,000. Maverick Capital Ltd. owned 0.11% of Ollie's Bargain Outlet as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of OLLI. HM Payson & Co. acquired a new position in Ollie's Bargain Outlet during the 1st quarter worth approximately $30,000. City Holding Co. bought a new position in shares of Ollie's Bargain Outlet during the first quarter valued at about $31,000. Putney Financial Group LLC bought a new position in shares of Ollie's Bargain Outlet during the fourth quarter valued at about $33,000. Opal Wealth Advisors LLC bought a new position in shares of Ollie's Bargain Outlet during the first quarter valued at about $38,000. Finally, Brooklyn Investment Group increased its holdings in Ollie's Bargain Outlet by 133.5% during the first quarter. Brooklyn Investment Group now owns 390 shares of the company's stock worth $45,000 after buying an additional 223 shares during the last quarter.

Insider Buying and Selling at Ollie's Bargain Outlet

In other news, CEO Der Valk Eric Van sold 728 shares of the firm's stock in a transaction on Friday, June 13th. The shares were sold at an average price of $112.85, for a total value of $82,154.80. Following the completion of the sale, the chief executive officer owned 7,761 shares in the company, valued at approximately $875,828.85. This trade represents a 8.58% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.87% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on OLLI shares. JPMorgan Chase & Co. lifted their target price on shares of Ollie's Bargain Outlet from $137.00 to $159.00 and gave the stock an "overweight" rating in a research note on Monday, July 21st. Jefferies Financial Group upped their price objective on shares of Ollie's Bargain Outlet from $111.00 to $135.00 and gave the company a "hold" rating in a research note on Friday, August 29th. Royal Bank Of Canada upped their price target on shares of Ollie's Bargain Outlet from $144.00 to $149.00 and gave the company an "outperform" rating in a report on Friday, August 29th. Craig Hallum set a $156.00 price objective on shares of Ollie's Bargain Outlet in a report on Friday, August 29th. Finally, Piper Sandler upped their price objective on shares of Ollie's Bargain Outlet from $123.00 to $150.00 and gave the stock an "overweight" rating in a report on Tuesday, August 19th. Eight investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Ollie's Bargain Outlet has an average rating of "Moderate Buy" and a consensus target price of $143.46.

Ollie's Bargain Outlet Trading Up 4.1%

OLLI traded up $5.29 during trading on Thursday, hitting $133.86. 1,466,199 shares of the company traded hands, compared to its average volume of 1,179,583. The stock's 50-day simple moving average is $132.60 and its two-hundred day simple moving average is $118.09. Ollie's Bargain Outlet Holdings, Inc. has a 1 year low of $86.67 and a 1 year high of $141.74. The company has a market cap of $8.21 billion, a PE ratio of 38.80, a P/E/G ratio of 2.61 and a beta of 0.45.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last released its earnings results on Thursday, August 28th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.08. Ollie's Bargain Outlet had a return on equity of 12.66% and a net margin of 8.74%.The business had revenue of $679.56 million during the quarter, compared to the consensus estimate of $658.03 million. During the same period last year, the company earned $0.78 earnings per share. The business's revenue for the quarter was up 17.5% compared to the same quarter last year. Ollie's Bargain Outlet has set its FY 2025 guidance at 3.760-3.840 EPS. Equities analysts expect that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

Ollie's Bargain Outlet Profile

Ollie's Bargain Outlet Holdings, Inc is a holding company, which engages in the retail of closeouts, excess inventory, and salvage merchandise. It offers overstocks, package changes, manufacturer refurbished goods, and irregulars. The company's products include housewares, food, books and stationery, bed and bath, floor coverings, electronics and toys.