Ollie's Bargain Outlet Holdings, Inc. $OLLI Shares Sold by Teza Capital Management LLC

Key Points

• Teza Capital Management LLC has reduced its holdings in Ollie's Bargain Outlet by 47.3%, owning 3,531 shares valued at $411,000 after selling 3,169 shares in the 1st quarter.
• Several hedge funds, including Wellington Management Group LLP and Bank of New York Mellon Corp, have increased their stakes significantly in Ollie's, with Wellington's stake growing by 268.0%.
• Ollie's reported earnings of $0.99 per share for the last quarter, exceeding analyst expectations, with revenue increasing by 17.5% compared to the previous year.

Teza Capital Management LLC reduced its position in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 47.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,531 shares of the company's stock after selling 3,169 shares during the quarter. Teza Capital Management LLC's holdings in Ollie's Bargain Outlet were worth $411,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in OLLI. Geneva Capital Management LLC increased its stake in shares of Ollie's Bargain Outlet by 1.1% in the 1st quarter. Geneva Capital Management LLC now owns 1,049,459 shares of the company's stock worth $122,115,000 after acquiring an additional 10,913 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Ollie's Bargain Outlet by 25.5% in the 1st quarter. Bank of New York Mellon Corp now owns 881,996 shares of the company's stock worth $102,629,000 after acquiring an additional 179,452 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Ollie's Bargain Outlet by 268.0% in the 1st quarter. Wellington Management Group LLP now owns 844,799 shares of the company's stock worth $98,301,000 after acquiring an additional 615,257 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of Ollie's Bargain Outlet by 130.3% in the 1st quarter. Ameriprise Financial Inc. now owns 828,743 shares of the company's stock worth $96,428,000 after acquiring an additional 468,944 shares during the last quarter. Finally, Stephens Investment Management Group LLC increased its stake in shares of Ollie's Bargain Outlet by 13.3% in the 1st quarter. Stephens Investment Management Group LLC now owns 809,282 shares of the company's stock worth $94,168,000 after acquiring an additional 95,204 shares during the last quarter.

Insiders Place Their Bets

In related news, CEO Der Valk Eric Van sold 728 shares of the firm's stock in a transaction dated 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 transaction, the chief executive officer directly owned 7,761 shares in the company, valued at $875,828.85. This trade represents a 8.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP James J. Comitale sold 2,117 shares of the firm's stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $130.00, for a total value of $275,210.00. Following the transaction, the senior vice president owned 2,504 shares of the company's stock, valued at $325,520. This trade represents a 45.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.87% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on OLLI. Piper Sandler raised their target price on Ollie's Bargain Outlet from $123.00 to $150.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 19th. UBS Group raised their target price on Ollie's Bargain Outlet from $125.00 to $140.00 and gave the stock a "neutral" rating in a research note on Friday, August 29th. 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 research note on Tuesday, June 24th. Citigroup reaffirmed a "buy" rating on shares of Ollie's Bargain Outlet in a research note on Friday, August 29th. Finally, JPMorgan Chase & Co. raised their target price on 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. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. 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 Down 0.3%

NASDAQ OLLI opened at $133.40 on Monday. The stock has a market cap of $8.18 billion, a PE ratio of 38.67, a P/E/G ratio of 2.73 and a beta of 0.45. Ollie's Bargain Outlet Holdings, Inc. has a twelve month low of $86.67 and a twelve month high of $141.74. The stock has a fifty day simple moving average of $132.62 and a 200-day simple moving average of $118.63.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last released its quarterly earnings results on Thursday, August 28th. The company reported $0.99 earnings per share for the quarter, topping 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 12.66% and a net margin of 8.74%.The company's revenue was up 17.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.78 EPS. Ollie's Bargain Outlet has set its FY 2025 guidance at 3.760-3.840 EPS. Research analysts predict 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.

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