Ollie's Bargain Outlet (NASDAQ:OLLI) CFO Robert Helm Sells 1,493 Shares

Key Points

• Ollie's Bargain Outlet CFO Robert Helm sold 1,493 shares of the company’s stock on October 17th, reducing his ownership by 27.14% and leaving him with 4,008 shares valued at approximately $492,663.
• The company recently reported $0.99 earnings per share for the quarter, exceeding estimates and marking a 17.5% revenue increase year-over-year, with revenue reaching $679.56 million.
• Several analysts have upgraded their price targets for Ollie's stock, with KeyCorp increasing it from $145.00 to $154.00 and JPMorgan Chase raising it from $137.00 to $159.00.

Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Get Free Report) CFO Robert Helm sold 1,493 shares of the business's stock in a transaction dated Friday, October 17th. The stock was sold at an average price of $122.92, for a total transaction of $183,519.56. Following the transaction, the chief financial officer owned 4,008 shares in the company, valued at approximately $492,663.36. This trade represents a 27.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Ollie's Bargain Outlet Stock Up 0.5%

Ollie's Bargain Outlet stock traded up $0.57 during midday trading on Tuesday, hitting $121.38. 748,163 shares of the stock were exchanged, compared to its average volume of 1,158,174. 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 market capitalization of $7.44 billion, a price-to-earnings ratio of 35.18, a price-to-earnings-growth ratio of 2.55 and a beta of 0.42. The business's 50-day moving average price is $130.77 and its 200-day moving average price is $123.96.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last released its quarterly earnings results on Thursday, August 28th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $679.56 million for the quarter, compared to analysts' expectations of $658.03 million. During the same period in the previous year, the company earned $0.78 earnings per share. 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. On average, sell-side analysts predict that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. KeyCorp boosted their price target on shares of Ollie's Bargain Outlet from $145.00 to $154.00 and gave the stock an "overweight" rating in a report on Friday, September 19th. JPMorgan Chase & Co. lifted their price objective on shares of Ollie's Bargain Outlet from $137.00 to $159.00 and gave the stock an "overweight" rating in a research report on Monday, July 21st. Wall Street Zen lowered shares of Ollie's Bargain Outlet from a "buy" rating to a "hold" rating in a research report on Friday, September 26th. UBS Group lifted their price objective on shares of Ollie's Bargain Outlet from $125.00 to $140.00 and gave the stock a "neutral" rating in a research report on Friday, August 29th. Finally, Bank of America lifted their price objective on shares of Ollie's Bargain Outlet from $130.00 to $145.00 and gave the stock a "buy" rating in a research report on Friday, August 29th. Nine investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $144.15.

Institutional Trading of Ollie's Bargain Outlet

Hedge funds and other institutional investors have recently modified their holdings of the business. Teacher Retirement System of Texas raised its position in shares of Ollie's Bargain Outlet by 63.8% in the first quarter. Teacher Retirement System of Texas now owns 11,711 shares of the company's stock valued at $1,363,000 after purchasing an additional 4,563 shares during the period. Axiom Investors LLC DE bought a new stake in shares of Ollie's Bargain Outlet in the first quarter valued at approximately $4,749,000. Bank of New York Mellon Corp raised its position in shares of Ollie's Bargain Outlet by 25.5% in the first quarter. Bank of New York Mellon Corp now owns 881,996 shares of the company's stock valued at $102,629,000 after purchasing an additional 179,452 shares during the period. DAVENPORT & Co LLC grew its stake in Ollie's Bargain Outlet by 10.6% during the first quarter. DAVENPORT & Co LLC now owns 2,266 shares of the company's stock valued at $264,000 after acquiring an additional 217 shares in the last quarter. Finally, Stephens Investment Management Group LLC grew its stake in Ollie's Bargain Outlet by 13.3% during the first quarter. Stephens Investment Management Group LLC now owns 809,282 shares of the company's stock valued at $94,168,000 after acquiring an additional 95,204 shares in the last quarter.

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.

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