Panoramic Capital LLC Makes New Investment in Ollie's Bargain Outlet Holdings, Inc. $OLLI

Key Points

• Panoramic Capital LLC has acquired 5,000 shares of Ollie's Bargain Outlet Holdings, Inc., valued at approximately $582,000, making it the firm’s 28th largest position.
• Ollie's reported earnings of $0.99 per share for the recent quarter, surpassing estimates and marking a 17.5% year-over-year revenue increase to $679.56 million.
• Multiple analysts have upgraded their price targets for Ollie's, with the consensus rating currently being a "Moderate Buy" and a price target of $143.46.

Panoramic Capital LLC purchased a new position in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 5,000 shares of the company's stock, valued at approximately $582,000. Ollie's Bargain Outlet accounts for about 0.6% of Panoramic Capital LLC's portfolio, making the stock its 28th biggest holding.

Other institutional investors have also recently bought and sold shares of the company. Integrated Wealth Concepts LLC boosted its stake in shares of Ollie's Bargain Outlet by 28.0% in the first quarter. Integrated Wealth Concepts LLC now owns 2,815 shares of the company's stock valued at $328,000 after buying an additional 615 shares during the period. Hancock Whitney Corp raised its holdings in Ollie's Bargain Outlet by 5.2% in the 1st quarter. Hancock Whitney Corp now owns 11,835 shares of the company's stock valued at $1,377,000 after acquiring an additional 580 shares in the last quarter. Alyeska Investment Group L.P. bought a new stake in shares of Ollie's Bargain Outlet during the 1st quarter valued at $33,615,000. Adage Capital Partners GP L.L.C. bought a new stake in shares of Ollie's Bargain Outlet during the 1st quarter valued at $5,818,000. Finally, PDT Partners LLC grew its holdings in shares of Ollie's Bargain Outlet by 94.3% during the 1st quarter. PDT Partners LLC now owns 34,382 shares of the company's stock worth $4,001,000 after purchasing an additional 16,686 shares in the last quarter.

Ollie's Bargain Outlet Stock Up 1.4%

Shares of NASDAQ OLLI traded up $1.84 during midday trading on Thursday, reaching $131.57. 839,670 shares of the company were exchanged, compared to its average volume of 1,176,147. The stock's 50-day moving average price is $132.57 and its 200-day moving average price is $119.02. The stock has a market cap of $8.07 billion, a P/E ratio of 38.14, a PEG ratio of 2.61 and a beta of 0.45. Ollie's Bargain Outlet Holdings, Inc. has a one year low of $86.88 and a one year high of $141.74.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last released its quarterly earnings data on Thursday, August 28th. The company reported $0.99 earnings per share for the quarter, beating 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 company had revenue of $679.56 million for the quarter, compared to the consensus estimate of $658.03 million. During the same quarter last year, the business posted $0.78 EPS. Ollie's Bargain Outlet's revenue for the quarter was up 17.5% on a year-over-year basis. Ollie's Bargain Outlet has set its FY 2025 guidance at 3.760-3.840 EPS. On average, equities research analysts anticipate that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently commented on OLLI. Wells Fargo & Company boosted their price target on Ollie's Bargain Outlet from $105.00 to $130.00 and gave the company an "equal weight" rating in a research note on Friday, August 29th. Jefferies Financial Group raised their target price on shares of Ollie's Bargain Outlet from $111.00 to $135.00 and gave the company a "hold" rating in a report on Friday, August 29th. KeyCorp set a $145.00 price target on shares of Ollie's Bargain Outlet and gave the stock an "overweight" rating in a report on Thursday, June 26th. Truist Financial increased their price target on shares of Ollie's Bargain Outlet from $146.00 to $148.00 and gave the stock a "buy" rating in a research report on Thursday, August 28th. Finally, Morgan Stanley lifted their price objective on shares of Ollie's Bargain Outlet from $118.00 to $145.00 and gave the company an "equal weight" rating in a research note on Friday, August 29th. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $143.46.

Insider Activity at Ollie's Bargain Outlet

In other news, SVP James J. Comitale sold 2,117 shares of Ollie's Bargain Outlet stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $130.00, for a total transaction of $275,210.00. Following the transaction, the senior vice president owned 2,504 shares in the company, valued at approximately $325,520. The trade was a 45.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Der Valk Eric Van sold 728 shares of the business's stock in a transaction 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. This represents a 8.58% decrease in their position. The disclosure for this sale can be found here. 0.75% of the stock is owned by company insiders.

About Ollie's Bargain Outlet

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.