13,416 Shares in Ollie's Bargain Outlet Holdings, Inc. $OLLI Acquired by Strs Ohio

Key Points

• Strs Ohio acquired 13,416 shares of Ollie's Bargain Outlet Holdings, Inc. for approximately $1,561,000 in the first quarter, as per their recent 13F filing with the SEC.
• Ollie's reported $0.99 earnings per share for the last quarter, exceeding estimates of $0.91, with revenues up 17.5% year-over-year.
• Several analysts have raised their price targets for Ollie's, with the consensus target now at $143.46 and a majority rating the stock as a "Moderate Buy."

Strs Ohio bought a new stake in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 13,416 shares of the company's stock, valued at approximately $1,561,000.

Several other institutional investors also recently bought and sold shares of the company. HM Payson & Co. acquired a new position in shares of Ollie's Bargain Outlet during the first quarter worth about $30,000. City Holding Co. purchased a new stake in Ollie's Bargain Outlet during the first quarter worth approximately $31,000. Putney Financial Group LLC purchased a new stake in Ollie's Bargain Outlet in the fourth quarter valued at approximately $33,000. Opal Wealth Advisors LLC purchased a new stake in Ollie's Bargain Outlet in the first quarter valued at approximately $38,000. Finally, Brooklyn Investment Group raised its stake in shares of Ollie's Bargain Outlet by 133.5% during the first quarter. Brooklyn Investment Group now owns 390 shares of the company's stock worth $45,000 after purchasing an additional 223 shares during the last quarter.

Insider Transactions at Ollie's Bargain Outlet

In other news, SVP James J. Comitale sold 2,117 shares of the business's stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $130.00, for a total value of $275,210.00. Following the sale, the senior vice president directly owned 2,504 shares in the company, valued at $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 SEC, which is available at the SEC website. Insiders own 0.75% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on OLLI shares. Citigroup restated a "buy" rating on shares of Ollie's Bargain Outlet in a research note on Friday, August 29th. Wall Street Zen raised Ollie's Bargain Outlet from a "hold" rating to a "buy" rating in a report on Saturday, September 6th. Loop Capital lowered Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and set a $130.00 target price on the stock. in a report on Tuesday, June 24th. Truist Financial increased their price objective on Ollie's Bargain Outlet from $146.00 to $148.00 and gave the company a "buy" rating in a research note on Thursday, August 28th. Finally, Wells Fargo & Company increased their price objective 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. Eight analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $144.15.

Ollie's Bargain Outlet Trading Down 0.6%

NASDAQ:OLLI traded down $0.83 during mid-day trading on Friday, hitting $137.48. 1,515,331 shares of the company's stock traded hands, compared to its average volume of 1,216,243. The firm has a 50 day moving average of $133.39 and a two-hundred day moving average of $120.68. Ollie's Bargain Outlet Holdings, Inc. has a 12 month low of $86.88 and a 12 month high of $141.74. The firm has a market capitalization of $8.43 billion, a price-to-earnings ratio of 39.85, a price-to-earnings-growth ratio of 2.83 and a beta of 0.45.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last posted its earnings results on Thursday, August 28th. The company reported $0.99 EPS for the quarter, topping 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 business 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 company earned $0.78 EPS. Ollie's Bargain Outlet'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. As a group, equities research analysts expect that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

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.