Ollie's Bargain Outlet Holdings, Inc. $OLLI Shares Bought by Raymond James Financial Inc.

Key Points

• Raymond James Financial Inc. increased its position in Ollie's Bargain Outlet by 3.3%, owning approximately 457,631 shares valued at $53.25 million.
• In the latest earnings report, Ollie's reported an EPS of $0.75, exceeding expectations, and a revenue growth of 13.4% year-over-year.
• Analysts have a "Moderate Buy" rating on Ollie's stock, with a price target averaging $130.79, reflecting positive sentiment from several brokerages.

Raymond James Financial Inc. lifted its position in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 3.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 457,631 shares of the company's stock after buying an additional 14,433 shares during the quarter. Raymond James Financial Inc. owned approximately 0.75% of Ollie's Bargain Outlet worth $53,250,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. HM Payson & Co. bought a new position in Ollie's Bargain Outlet during the 1st quarter worth about $30,000. City Holding Co. bought a new stake in shares of Ollie's Bargain Outlet in the 1st quarter valued at about $31,000. Putney Financial Group LLC purchased a new stake in shares of Ollie's Bargain Outlet in the 4th quarter worth approximately $33,000. GeoWealth Management LLC purchased a new stake in shares of Ollie's Bargain Outlet in the 4th quarter worth approximately $38,000. Finally, Opal Wealth Advisors LLC bought a new position in shares of Ollie's Bargain Outlet during the first quarter valued at approximately $38,000.

Analyst Upgrades and Downgrades

OLLI has been the subject of a number of recent research reports. Loop Capital downgraded shares of Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and set a $130.00 price objective for the company. in a research note on Tuesday, June 24th. Wall Street Zen raised Ollie's Bargain Outlet from a "sell" rating to a "hold" rating in a research report on Tuesday, May 13th. Truist Financial upped their price objective on Ollie's Bargain Outlet from $128.00 to $146.00 and gave the stock a "buy" rating in a research note on Wednesday, August 13th. JPMorgan Chase & Co. raised their price objective on 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. Finally, KeyCorp set a $145.00 target price on shares of Ollie's Bargain Outlet and gave the stock an "overweight" rating in a report on Thursday, June 26th. Nine research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $130.79.

Ollie's Bargain Outlet Stock Performance

NASDAQ:OLLI traded down $1.94 during mid-day trading on Friday, hitting $132.19. 1,689,683 shares of the company's stock traded hands, compared to its average volume of 908,216. The company has a fifty day moving average of $131.77 and a 200 day moving average of $116.93. Ollie's Bargain Outlet Holdings, Inc. has a twelve month low of $86.29 and a twelve month high of $141.74. The company has a market capitalization of $8.11 billion, a P/E ratio of 40.06, a P/E/G ratio of 2.96 and a beta of 0.40.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last issued its quarterly earnings results on Tuesday, June 3rd. The company reported $0.75 earnings per share for the quarter, topping analysts' consensus estimates of $0.70 by $0.05. Ollie's Bargain Outlet had a return on equity of 12.27% and a net margin of 8.59%.The business had revenue of $576.77 million for the quarter, compared to analyst estimates of $565.04 million. During the same quarter in the previous year, the firm earned $0.73 earnings per share. The company's revenue was up 13.4% on a year-over-year basis. Ollie's Bargain Outlet has set its FY 2025 guidance at 3.650-3.750 EPS. On average, research analysts expect that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Ollie's Bargain Outlet news, CEO Der Valk Eric Van sold 728 shares of the company's stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $112.85, for a total transaction 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 document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.87% of the company's stock.

Ollie's Bargain Outlet Company 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.