Ollie's Bargain Outlet (NASDAQ:OLLI) SVP Sells $415,282.14 in Stock

Key Points

• Larry Kraus, Senior Vice President of Ollie's Bargain Outlet, sold $415,282.14 worth of stock, reducing his ownership by **46.20%** to 3,679 shares.
• Ollie's Bargain Outlet shares rose **3.9%** to **$127.55**, with a market cap of **$7.82 billion** and positive earnings results surpassing analysts' expectations.
• Analysts have varying ratings, with most recommending a **"Buy"** position and a consensus price target of **$144.15**, reflecting optimism about the company's growth prospects.

Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Get Free Report) SVP Larry Kraus sold 3,159 shares of the firm's stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $131.46, for a total transaction of $415,282.14. Following the completion of the sale, the senior vice president directly owned 3,679 shares in the company, valued at $483,641.34. This represents a 46.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Ollie's Bargain Outlet Stock Up 3.9%

Shares of OLLI traded up $4.74 during mid-day trading on Wednesday, hitting $127.55. The company had a trading volume of 1,053,169 shares, compared to its average volume of 1,169,649. The business's 50-day simple moving average is $132.91 and its 200-day simple moving average is $123.06. Ollie's Bargain Outlet Holdings, Inc. has a 1-year low of $86.88 and a 1-year high of $141.74. The stock has a market cap of $7.82 billion, a PE ratio of 36.97, a P/E/G ratio of 2.60 and a beta of 0.42.

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, 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 last year, the company earned $0.78 earnings per share. The company's quarterly 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. On average, sell-side analysts expect that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

Institutional Trading of Ollie's Bargain Outlet

Several institutional investors have recently added to or reduced their stakes in the business. Assetmark Inc. increased its stake in Ollie's Bargain Outlet by 44.8% during the second quarter. Assetmark Inc. now owns 265 shares of the company's stock valued at $35,000 after purchasing an additional 82 shares during the last quarter. Blue Barn Wealth LLC increased its stake in Ollie's Bargain Outlet by 2.8% during the second quarter. Blue Barn Wealth LLC now owns 3,114 shares of the company's stock valued at $410,000 after purchasing an additional 86 shares during the last quarter. MAI Capital Management increased its stake in Ollie's Bargain Outlet by 28.5% during the second quarter. MAI Capital Management now owns 397 shares of the company's stock valued at $52,000 after purchasing an additional 88 shares during the last quarter. Wedmont Private Capital increased its stake in Ollie's Bargain Outlet by 4.5% during the first quarter. Wedmont Private Capital now owns 2,084 shares of the company's stock valued at $238,000 after purchasing an additional 89 shares during the last quarter. Finally, Belpointe Asset Management LLC increased its stake in Ollie's Bargain Outlet by 1.3% during the first quarter. Belpointe Asset Management LLC now owns 7,001 shares of the company's stock valued at $815,000 after purchasing an additional 91 shares during the last quarter.

Wall Street Analyst Weigh In

OLLI has been the topic of several research reports. Morgan Stanley raised their price target on shares of Ollie's Bargain Outlet from $118.00 to $145.00 and gave the company an "equal weight" rating in a report on Friday, August 29th. Loop Capital lowered shares of Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and set a $130.00 price target on the stock. in a report on Tuesday, June 24th. Piper Sandler raised their price target on shares of Ollie's Bargain Outlet from $123.00 to $150.00 and gave the company an "overweight" rating in a report on Tuesday, August 19th. Bank of America lifted their price objective on shares of Ollie's Bargain Outlet from $130.00 to $145.00 and gave the company a "buy" rating in a research note on Friday, August 29th. Finally, Truist Financial lifted their price objective on shares of 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. Nine research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $144.15.

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.

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