United Services Automobile Association Takes $461,000 Position 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 acquired 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 13F filing with the Securities & Exchange Commission. The fund acquired 4,068 shares of the company's stock, valued at approximately $461,000.

Other institutional investors also recently made changes to their positions in the company. Redwood Investments LLC lifted its holdings in Ollie's Bargain Outlet by 50.0% during the 1st quarter. Redwood Investments LLC now owns 27,099 shares of the company's stock worth $3,153,000 after purchasing an additional 9,027 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Ollie's Bargain Outlet by 42.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 446,277 shares of the company's stock worth $51,929,000 after buying an additional 133,537 shares during the period. Jones Financial Companies Lllp lifted its holdings in shares of Ollie's Bargain Outlet by 993.4% during the first quarter. Jones Financial Companies Lllp now owns 2,154 shares of the company's stock worth $251,000 after buying an additional 1,957 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Ollie's Bargain Outlet in the first quarter valued at about $2,742,000. Finally, Shellback Capital LP boosted its position in shares of Ollie's Bargain Outlet by 38.4% in the first quarter. Shellback Capital LP now owns 195,894 shares of the company's stock valued at $22,794,000 after acquiring an additional 54,394 shares during the period.

Analyst Ratings Changes

OLLI has been the topic of a number of recent research reports. Wall Street Zen raised shares of Ollie's Bargain Outlet from a "hold" rating to a "buy" rating in a research report 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 report on Friday, August 29th. UBS Group lifted their price target on shares of Ollie's Bargain Outlet from $125.00 to $140.00 and gave the company a "neutral" rating in a research report on Friday, August 29th. Loop Capital downgraded Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and set a $130.00 price target on the stock. in a research report on Tuesday, June 24th. Finally, Citigroup restated a "buy" rating on shares of Ollie's Bargain Outlet in a research note on Friday, August 29th. Eight equities research analysts have rated the stock with a Buy rating and five have given 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 an average price target of $143.46.

Ollie's Bargain Outlet Price Performance

OLLI traded down $0.04 during trading on Friday, hitting $131.53. 777,231 shares of the stock traded hands, compared to its average volume of 1,238,665. Ollie's Bargain Outlet Holdings, Inc. has a twelve month low of $86.88 and a twelve month high of $141.74. The company has a market cap of $8.06 billion, a price-to-earnings ratio of 38.12, a PEG ratio of 2.69 and a beta of 0.45. The business has a 50 day moving average price of $132.43 and a 200 day moving average price of $119.61.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last issued its earnings results on Thursday, August 28th. The company reported $0.99 earnings per share for the quarter, beating 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 firm had revenue of $679.56 million for the quarter, compared to the consensus estimate of $658.03 million. During the same quarter last year, the business posted $0.78 EPS. The company's revenue 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. On average, equities research analysts predict that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

Insider Transactions 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 dated Wednesday, September 3rd. The stock was sold at an average price of $130.00, for a total transaction of $275,210.00. Following the completion of the transaction, the senior vice president 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 Securities & Exchange Commission, which can be accessed through the SEC website. 0.75% of the stock is currently owned by corporate insiders.

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.