Tributary Capital Management LLC Decreases Stock Position in Ollie's Bargain Outlet Holdings, Inc. $OLLI

Tributary Capital Management LLC reduced its position in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 42.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 156,593 shares of the company's stock after selling 117,517 shares during the quarter. Ollie's Bargain Outlet makes up about 1.8% of Tributary Capital Management LLC's holdings, making the stock its 16th largest position. Tributary Capital Management LLC owned about 0.26% of Ollie's Bargain Outlet worth $20,636,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of OLLI. GAMMA Investing LLC increased its position in Ollie's Bargain Outlet by 58.8% in the first quarter. GAMMA Investing LLC now owns 1,405 shares of the company's stock worth $163,000 after buying an additional 520 shares during the last quarter. State of Alaska Department of Revenue increased its position in Ollie's Bargain Outlet by 2.6% in the first quarter. State of Alaska Department of Revenue now owns 7,180 shares of the company's stock worth $835,000 after buying an additional 185 shares during the last quarter. Blue Trust Inc. increased its position in Ollie's Bargain Outlet by 77.5% in the first quarter. Blue Trust Inc. now owns 504 shares of the company's stock worth $59,000 after buying an additional 220 shares during the last quarter. Oppenheimer Asset Management Inc. increased its position in Ollie's Bargain Outlet by 2.7% in the first quarter. Oppenheimer Asset Management Inc. now owns 58,662 shares of the company's stock worth $6,826,000 after buying an additional 1,556 shares during the last quarter. Finally, New York State Teachers Retirement System increased its position in Ollie's Bargain Outlet by 2.5% in the first quarter. New York State Teachers Retirement System now owns 61,299 shares of the company's stock worth $7,133,000 after buying an additional 1,476 shares during the last quarter.

Ollie's Bargain Outlet Stock Performance

NASDAQ:OLLI opened at $120.60 on Thursday. The firm has a market capitalization of $7.39 billion, a price-to-earnings ratio of 34.96, a P/E/G ratio of 2.48 and a beta of 0.42. Ollie's Bargain Outlet Holdings, Inc. has a 52-week low of $86.88 and a 52-week high of $141.74. The stock has a fifty day moving average of $130.24 and a 200 day moving average of $123.92.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last posted its quarterly earnings data on Thursday, August 28th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.08. The company had revenue of $679.56 million during the quarter, compared to analyst estimates of $658.03 million. Ollie's Bargain Outlet had a return on equity of 12.66% and a net margin of 8.74%.The firm's quarterly revenue was up 17.5% on a year-over-year basis. During the same quarter last year, the company earned $0.78 earnings per share. Ollie's Bargain Outlet has set its FY 2025 guidance at 3.760-3.840 EPS. Equities analysts forecast that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal year.

Insider Activity at Ollie's Bargain Outlet

In related news, CEO Der Valk Eric Van sold 4,000 shares of Ollie's Bargain Outlet stock in a transaction on Monday, September 29th. The stock was sold at an average price of $132.27, for a total transaction of $529,080.00. Following the completion of the sale, the chief executive officer owned 7,761 shares of the company's stock, valued at approximately $1,026,547.47. This trade represents a 34.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP James J. Comitale sold 1,775 shares of Ollie's Bargain Outlet stock in a transaction on Monday, October 20th. The shares were sold at an average price of $125.75, for a total value of $223,206.25. Following the sale, the senior vice president directly owned 2,898 shares of the company's stock, valued at $364,423.50. This represents a 37.98% 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 in the last ninety days. 0.75% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Wells Fargo & Company raised their target price on Ollie's Bargain Outlet from $105.00 to $130.00 and gave the stock an "equal weight" rating in a research report on Friday, August 29th. Citigroup reaffirmed a "buy" rating on shares of Ollie's Bargain Outlet in a report on Friday, August 29th. JPMorgan Chase & Co. raised their price target on Ollie's Bargain Outlet from $137.00 to $159.00 and gave the stock an "overweight" rating in a report on Monday, July 21st. Royal Bank Of Canada raised their price target on Ollie's Bargain Outlet from $144.00 to $149.00 and gave the stock an "outperform" rating in a report on Friday, August 29th. Finally, Piper Sandler raised their price target on Ollie's Bargain Outlet from $123.00 to $150.00 and gave the stock an "overweight" rating in a report on Tuesday, August 19th. Nine research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $144.15.

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.

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