Price T Rowe Associates Inc. MD raised its position in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 2.7% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 329,802 shares of the company's stock after buying an additional 8,708 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.54% of Ollie's Bargain Outlet worth $38,376,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of the company. Geneva Capital Management LLC lifted its position in shares of Ollie's Bargain Outlet by 1.1% during the first quarter. Geneva Capital Management LLC now owns 1,049,459 shares of the company's stock valued at $122,115,000 after buying an additional 10,913 shares during the last quarter. Bank of New York Mellon Corp lifted its position 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 valued at $102,629,000 after buying an additional 179,452 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Ollie's Bargain Outlet by 268.0% during the first quarter. Wellington Management Group LLP now owns 844,799 shares of the company's stock valued at $98,301,000 after buying an additional 615,257 shares during the last quarter. Stephens Investment Management Group LLC lifted its position in shares of Ollie's Bargain Outlet by 13.3% during the first quarter. Stephens Investment Management Group LLC now owns 809,282 shares of the company's stock valued at $94,168,000 after buying an additional 95,204 shares during the last quarter. Finally, Royal Bank of Canada lifted its position in shares of Ollie's Bargain Outlet by 48.5% during the fourth quarter. Royal Bank of Canada now owns 649,382 shares of the company's stock valued at $71,257,000 after buying an additional 212,055 shares during the last quarter.
Insiders Place Their Bets
In related news, CEO Der Valk Eric Van sold 728 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer owned 7,761 shares in the company, valued at approximately $875,828.85. This represents a 8.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.87% of the company's stock.
Ollie's Bargain Outlet Stock Down 0.4%
Shares of Ollie's Bargain Outlet stock traded down $0.49 during midday trading on Tuesday, hitting $126.35. The company had a trading volume of 1,114,699 shares, compared to its average volume of 1,090,631. Ollie's Bargain Outlet Holdings, Inc. has a 12-month low of $86.67 and a 12-month high of $141.74. The company has a fifty day simple moving average of $132.66 and a 200 day simple moving average of $118.02. The stock has a market cap of $7.75 billion, a price-to-earnings ratio of 36.62, a PEG ratio of 2.61 and a beta of 0.45.
Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last issued its quarterly 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 net margin of 8.74% and a return on equity of 12.66%. The company had revenue of $679.56 million for the quarter, compared to the consensus estimate of $658.03 million. During the same quarter in the prior year, the company earned $0.78 EPS. Ollie's Bargain Outlet's quarterly revenue 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. As a group, analysts expect that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.
Analysts Set New Price Targets
OLLI has been the subject of several analyst reports. UBS Group increased their price target on shares of Ollie's Bargain Outlet from $125.00 to $140.00 and gave the company a "neutral" rating in a research report on Friday. JPMorgan Chase & Co. increased their price target on shares of Ollie's Bargain Outlet from $137.00 to $159.00 and gave the company an "overweight" rating in a research report on Monday, July 21st. Jefferies Financial Group increased 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 report on Friday. Craig Hallum set a $156.00 price objective on shares of Ollie's Bargain Outlet in a research report on Friday. Finally, Truist Financial increased their price objective on shares of Ollie's Bargain Outlet from $146.00 to $148.00 and gave the company a "buy" rating in a research report on Thursday, August 28th. Eight investment 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, the stock has an average rating of "Moderate Buy" and a consensus target price of $143.46.
Check Out Our Latest Research Report on OLLI
Ollie's Bargain Outlet Company Profile
(
Free Report)
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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