Ollie's Bargain Outlet Holdings, Inc. $OLLI Shares Sold by HighTower Advisors LLC

Key Points

• HighTower Advisors LLC has reduced its stake in Ollie’s Bargain Outlet by 15%, holding 13,952 shares worth approximately $1.62 million after selling 2,454 shares during Q1.
• Ollie's reported earnings of $0.75 per share for the last quarter, surpassing estimates and achieving a revenue of $576.77 million, marking a 13.4% year-over-year increase.
• Analysts have set new target prices for Ollie's stock, with estimates ranging from $130.00 to $150.00, reflecting varying ratings from "buy" to "hold" based on recent performance.

HighTower Advisors LLC decreased its holdings in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 15.0% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 13,952 shares of the company's stock after selling 2,454 shares during the period. HighTower Advisors LLC's holdings in Ollie's Bargain Outlet were worth $1,623,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Caxton Associates LP purchased a new stake in shares of Ollie's Bargain Outlet during the fourth quarter worth about $438,000. Schonfeld Strategic Advisors LLC lifted its holdings in shares of Ollie's Bargain Outlet by 85.2% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 5,800 shares of the company's stock worth $636,000 after purchasing an additional 2,668 shares during the period. Teacher Retirement System of Texas lifted its holdings in shares of Ollie's Bargain Outlet by 63.8% during the first quarter. Teacher Retirement System of Texas now owns 11,711 shares of the company's stock worth $1,363,000 after purchasing an additional 4,563 shares during the period. DAVENPORT & Co LLC lifted its holdings in shares of Ollie's Bargain Outlet by 10.6% during the first quarter. DAVENPORT & Co LLC now owns 2,266 shares of the company's stock worth $264,000 after purchasing an additional 217 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Ollie's Bargain Outlet by 25.5% during the first quarter. Bank of New York Mellon Corp now owns 881,996 shares of the company's stock worth $102,629,000 after purchasing an additional 179,452 shares during the period.

Ollie's Bargain Outlet Stock Down 3.5%

Shares of Ollie's Bargain Outlet stock traded down $4.61 on Friday, reaching $126.79. The company's stock had a trading volume of 599,576 shares, compared to its average volume of 1,170,230. The company has a market capitalization of $7.78 billion, a P/E ratio of 39.03, a PEG ratio of 2.93 and a beta of 0.40. Ollie's Bargain Outlet Holdings, Inc. has a 52-week low of $86.29 and a 52-week high of $141.74. The stock has a 50-day moving average price of $132.67 and a 200-day moving average price of $117.49.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last posted its quarterly earnings data on Thursday, August 28th. The company reported $0.99 EPS for the quarter, beating analysts' consensus estimates of $0.91 by $0.08. The business had revenue of $679.56 million during the quarter, compared to analysts' expectations of $658.03 million. Ollie's Bargain Outlet had a return on equity of 12.27% and a net margin of 8.59%.The business's revenue was up 17.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.78 earnings per share. Ollie's Bargain Outlet has set its FY 2025 guidance at 3.760-3.840 EPS. Sell-side analysts forecast that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal year.

Analysts Set New Price Targets

OLLI has been the subject of a number of research reports. Loop Capital downgraded Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and set a $130.00 target price for the company. in a report on Tuesday, June 24th. Piper Sandler boosted their price target on Ollie's Bargain Outlet from $123.00 to $150.00 and gave the company an "overweight" rating in a report on Tuesday, August 19th. Bank of America boosted their price target on Ollie's Bargain Outlet from $130.00 to $145.00 and gave the company a "buy" rating in a report on Friday. Wall Street Zen raised Ollie's Bargain Outlet from a "sell" rating to a "hold" rating in a report on Tuesday, May 13th. Finally, KeyCorp set a $145.00 price target on Ollie's Bargain Outlet and gave the company an "overweight" rating in a report on Thursday, June 26th. Eight equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Ollie's Bargain Outlet has an average rating of "Moderate Buy" and an average price target of $141.46.

Insider Activity at Ollie's Bargain Outlet

In related news, CEO Der Valk Eric Van sold 728 shares of the business's stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $112.85, for a total transaction of $82,154.80. Following the completion of the sale, the chief executive officer directly owned 7,761 shares in the company, valued at approximately $875,828.85. The trade was a 8.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.75% of the company's stock.

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.