Stephens Investment Management Group LLC Purchases 6,805 Shares of Ollie's Bargain Outlet Holdings, Inc. $OLLI

Key Points

• Stephens Investment Management Group LLC increased its stake in Ollie's Bargain Outlet Holdings, Inc. by 0.8%, purchasing an additional 6,805 shares, which now makes it the 11th largest position in their portfolio.
• Ollie's Bargain Outlet recently reported a quarterly earnings per share (EPS) of $0.99, surpassing analysts' expectations and showing a 17.5% increase in revenue compared to the previous year.
• Several analysts have upgraded their price targets for Ollie's stock, with Piper Sandler setting it at $150.00 and JPMorgan Chase raising it to $159.00.

Stephens Investment Management Group LLC lifted its stake in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 0.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 816,087 shares of the company's stock after purchasing an additional 6,805 shares during the period. Ollie's Bargain Outlet accounts for approximately 1.4% of Stephens Investment Management Group LLC's holdings, making the stock its 11th largest position. Stephens Investment Management Group LLC owned about 1.33% of Ollie's Bargain Outlet worth $107,544,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. HM Payson & Co. bought a new position in Ollie's Bargain Outlet in the 1st quarter worth $30,000. Maseco LLP purchased a new stake in Ollie's Bargain Outlet in the 2nd quarter worth $36,000. Brooklyn Investment Group increased its stake in Ollie's Bargain Outlet by 133.5% in the 1st quarter. Brooklyn Investment Group now owns 390 shares of the company's stock worth $45,000 after buying an additional 223 shares in the last quarter. Blue Trust Inc. increased its stake in Ollie's Bargain Outlet by 77.5% in the 1st quarter. Blue Trust Inc. now owns 504 shares of the company's stock worth $59,000 after buying an additional 220 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in Ollie's Bargain Outlet by 58.8% in the 1st quarter. GAMMA Investing LLC now owns 1,405 shares of the company's stock worth $163,000 after buying an additional 520 shares in the last quarter.

Ollie's Bargain Outlet Trading Up 0.5%

Shares of NASDAQ:OLLI opened at $121.38 on Wednesday. Ollie's Bargain Outlet Holdings, Inc. has a 12 month low of $86.88 and a 12 month high of $141.74. The company has a 50-day moving average price of $130.54 and a 200 day moving average price of $123.94. The company has a market cap of $7.44 billion, a price-to-earnings ratio of 35.18, a PEG ratio of 2.47 and a beta of 0.42.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last announced its quarterly earnings results on Thursday, August 28th. The company reported $0.99 EPS for the quarter, beating analysts' consensus estimates 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 firm had revenue of $679.56 million during the quarter, compared to the consensus estimate of $658.03 million. During the same quarter last year, the firm earned $0.78 EPS. The firm's revenue for the quarter was up 17.5% compared to the same quarter last year. Ollie's Bargain Outlet has set its FY 2025 guidance at 3.760-3.840 EPS. As a group, equities analysts forecast that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on OLLI shares. Wells Fargo & Company increased their price target on Ollie's Bargain Outlet from $105.00 to $130.00 and gave the stock an "equal weight" rating in a research note on Friday, August 29th. Piper Sandler increased their price target 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. Morgan Stanley increased their price target on Ollie's Bargain Outlet from $118.00 to $145.00 and gave the stock an "equal weight" rating in a research note on Friday, August 29th. Royal Bank Of Canada increased their price target on Ollie's Bargain Outlet from $144.00 to $149.00 and gave the stock an "outperform" rating in a research note on Friday, August 29th. Finally, 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. Nine analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Ollie's Bargain Outlet has a consensus rating of "Moderate Buy" and a consensus price target of $144.15.

Insiders Place Their Bets

In other Ollie's Bargain Outlet news, CFO Robert F. Helm sold 1,493 shares of the firm's stock in a transaction dated Friday, October 17th. The shares were sold at an average price of $122.92, for a total value of $183,519.56. Following the completion of the sale, the chief financial officer owned 4,008 shares of the company's stock, valued at $492,663.36. This trade represents a 27.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman John W. Swygert sold 107,058 shares of the firm's stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $132.87, for a total transaction of $14,224,796.46. Following the completion of the sale, the chairman directly owned 48,200 shares of the company's stock, valued at approximately $6,404,334. The trade was a 68.95% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 128,523 shares of company stock valued at $17,013,590 over the last quarter. 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.

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