Redwood Investments LLC Grows Position in Ollie's Bargain Outlet Holdings, Inc. $OLLI

Key Points

• Redwood Investments LLC has increased its stake in Ollie's Bargain Outlet by 50% by acquiring 9,027 shares, bringing its total holdings to 27,099 shares valued at approximately $3.15 million.
• Ollie's reported a quarterly earnings per share of $0.99, exceeding analysts' expectations of $0.91 and demonstrating a 17.5% year-over-year revenue growth.
• Equities analysts have raised their price targets for Ollie's, with a consensus average of $143.46 and the stock currently rated as a "Moderate Buy."

Redwood Investments LLC raised its holdings in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 50.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,099 shares of the company's stock after purchasing an additional 9,027 shares during the quarter. Ollie's Bargain Outlet accounts for approximately 1.2% of Redwood Investments LLC's investment portfolio, making the stock its 27th largest holding. Redwood Investments LLC's holdings in Ollie's Bargain Outlet were worth $3,153,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in OLLI. BNP Paribas Financial Markets lifted its position in shares of Ollie's Bargain Outlet by 286.6% during the fourth quarter. BNP Paribas Financial Markets now owns 99,743 shares of the company's stock worth $10,945,000 after purchasing an additional 73,942 shares during the last quarter. Captrust Financial Advisors raised its holdings in shares of Ollie's Bargain Outlet by 166.1% in the fourth quarter. Captrust Financial Advisors now owns 7,815 shares of the company's stock valued at $858,000 after acquiring an additional 4,878 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of Ollie's Bargain Outlet by 42.2% in the fourth quarter. Cetera Investment Advisers now owns 19,084 shares of the company's stock valued at $2,094,000 after acquiring an additional 5,660 shares in the last quarter. Deutsche Bank AG raised its holdings in shares of Ollie's Bargain Outlet by 253.3% in the fourth quarter. Deutsche Bank AG now owns 17,168 shares of the company's stock valued at $1,884,000 after acquiring an additional 12,308 shares in the last quarter. Finally, Granahan Investment Management LLC bought a new stake in shares of Ollie's Bargain Outlet in the fourth quarter valued at about $2,449,000.

Ollie's Bargain Outlet Trading Down 0.0%

Shares of OLLI stock traded down $0.04 during trading hours on Friday, reaching $131.53. 777,231 shares of the company's stock were exchanged, compared to its average volume of 1,238,665. Ollie's Bargain Outlet Holdings, Inc. has a 1 year low of $86.88 and a 1 year high of $141.74. The stock has a market cap of $8.06 billion, a PE ratio of 38.12, a PEG ratio of 2.69 and a beta of 0.45. The stock's fifty day moving average price is $132.43 and its two-hundred day moving average price is $119.61.

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 analysts' consensus estimates 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 business had revenue of $679.56 million for the quarter, compared to analyst estimates of $658.03 million. During the same quarter in the previous year, the firm earned $0.78 earnings per share. The company's 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. On average, equities analysts expect that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

Insider Activity at Ollie's Bargain Outlet

In other Ollie's Bargain Outlet news, SVP James J. Comitale sold 2,117 shares of the business's stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $130.00, for a total value of $275,210.00. Following the completion of the transaction, the senior vice president directly owned 2,504 shares of the company's stock, valued at approximately $325,520. The trade was a 45.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.75% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on OLLI. Jefferies Financial Group lifted their price objective on Ollie's Bargain Outlet from $111.00 to $135.00 and gave the company a "hold" rating in a report on Friday, August 29th. Wells Fargo & Company lifted their price objective on Ollie's Bargain Outlet from $105.00 to $130.00 and gave the company an "equal weight" rating in a report on Friday, August 29th. Citigroup restated a "buy" rating on shares of Ollie's Bargain Outlet in a report on Friday, August 29th. UBS Group lifted their price objective on Ollie's Bargain Outlet from $125.00 to $140.00 and gave the company a "neutral" rating in a report on Friday, August 29th. Finally, Wall Street Zen upgraded Ollie's Bargain Outlet from a "hold" rating to a "buy" rating in a report on Saturday, September 6th. Eight research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, Ollie's Bargain Outlet has an average rating of "Moderate Buy" and a consensus target price of $143.46.

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.