United Services Automobile Association Invests $461,000 in Ollie's Bargain Outlet Holdings, Inc. $OLLI

Key Points

• United Services Automobile Association acquired a new position in Ollie's Bargain Outlet Holdings, purchasing 4,068 shares valued at approximately $461,000.
• Ollie's reported a quarterly earnings per share of $0.99, exceeding estimates and showing a 17.5% increase in revenue year-over-year.
• Analysts have varying price targets for Ollie's, with the consensus target price currently set at $143.46, indicating a moderate buy recommendation from eight analysts.

United Services Automobile Association bought a new position in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,068 shares of the company's stock, valued at approximately $461,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in OLLI. HM Payson & Co. acquired a new stake 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 in the 1st quarter valued at $31,000. Putney Financial Group LLC acquired a new stake in Ollie's Bargain Outlet during the 4th quarter worth $33,000. Opal Wealth Advisors LLC purchased a new position in Ollie's Bargain Outlet during the 1st quarter worth $38,000. Finally, Brooklyn Investment Group grew its position in Ollie's Bargain Outlet by 133.5% during the 1st 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.

Ollie's Bargain Outlet Stock Down 2.3%

Shares of OLLI traded down $3.15 during trading hours on Tuesday, reaching $133.10. 174,553 shares of the company traded hands, compared to its average volume of 1,168,898. The stock has a market capitalization of $8.16 billion, a PE ratio of 38.58, a price-to-earnings-growth ratio of 2.69 and a beta of 0.45. The stock has a fifty day simple moving average of $132.60 and a 200 day simple moving average of $119.99. Ollie's Bargain Outlet Holdings, Inc. has a fifty-two week low of $86.88 and a fifty-two week high of $141.74.

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

Analyst Ratings Changes

Several brokerages have recently weighed in on OLLI. KeyCorp set a $145.00 target price on shares of Ollie's Bargain Outlet and gave the stock an "overweight" rating in a research note on Thursday, June 26th. Bank of America upped their price target on Ollie's Bargain Outlet from $130.00 to $145.00 and gave the stock a "buy" rating in a research note on Friday, August 29th. Wall Street Zen raised shares of Ollie's Bargain Outlet from a "hold" rating to a "buy" rating in a research note on Saturday, September 6th. Wells Fargo & Company raised their target price on shares of 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. Finally, Morgan Stanley boosted their price target on shares of 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. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat, Ollie's Bargain Outlet has an average rating of "Moderate Buy" and an average price target of $143.46.

Insider Buying and Selling at Ollie's Bargain Outlet

In other news, SVP James J. Comitale sold 2,117 shares of the firm's stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $130.00, for a total transaction of $275,210.00. Following the sale, the senior vice president owned 2,504 shares in the company, valued at $325,520. This trade represents a 45.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.87% of the stock is currently owned by corporate insiders.

About Ollie's Bargain Outlet

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.