Curated Wealth Partners LLC Raises Stock Position in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Curated Wealth Partners LLC boosted its stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 8.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,123 shares of the company’s stock after acquiring an additional 162 shares during the period. Curated Wealth Partners LLC’s holdings in Ollie’s Bargain Outlet were worth $280,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. HM Payson & Co. purchased a new stake in shares of Ollie’s Bargain Outlet in the 1st quarter valued at about $30,000. Maseco LLP purchased a new stake in Ollie’s Bargain Outlet in the second quarter valued at approximately $36,000. Opal Wealth Advisors LLC purchased a new stake in Ollie’s Bargain Outlet in the first quarter valued at approximately $38,000. Brooklyn Investment Group lifted its stake in Ollie’s Bargain Outlet by 133.5% in the first quarter. Brooklyn Investment Group now owns 390 shares of the company’s stock valued at $45,000 after buying an additional 223 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in Ollie’s Bargain Outlet by 77.5% in the first quarter. Blue Trust Inc. now owns 504 shares of the company’s stock valued at $59,000 after buying an additional 220 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Loop Capital cut shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and set a $130.00 target price on the stock. in a report on Tuesday, June 24th. 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. 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. Royal Bank Of Canada boosted their price target on Ollie’s Bargain Outlet from $144.00 to $149.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Finally, Jefferies Financial Group boosted their price target on Ollie’s Bargain Outlet from $111.00 to $135.00 and gave the company a “hold” rating in a research report on Friday, August 29th. Nine 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 company presently has a consensus rating of “Moderate Buy” and an average price target of $144.15.

Insider Activity at Ollie’s Bargain Outlet

In other news, SVP James J. Comitale sold 2,117 shares of the company’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $130.00, for a total transaction of $275,210.00. Following the transaction, the senior vice president directly owned 2,504 shares of the company’s stock, valued at $325,520. This represents a 45.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Der Valk Eric Van sold 4,000 shares of the company’s stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $132.27, for a total transaction of $529,080.00. Following the transaction, the chief executive officer owned 7,761 shares in the company, valued at $1,026,547.47. The trade was a 34.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 116,334 shares of company stock valued at $15,444,369. Company insiders own 0.87% of the company’s stock.

Ollie’s Bargain Outlet Stock Down 2.9%

Shares of Ollie’s Bargain Outlet stock opened at $129.00 on Wednesday. Ollie’s Bargain Outlet Holdings, Inc. has a 52-week low of $86.88 and a 52-week high of $141.74. The company’s 50-day simple moving average is $131.88 and its 200-day simple moving average is $123.69. The firm has a market cap of $7.91 billion, a price-to-earnings ratio of 37.39, a price-to-earnings-growth ratio of 2.72 and a beta of 0.42.

Ollie’s Bargain Outlet (NASDAQ:OLLI) 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 return on equity of 12.66% and a net margin of 8.74%.The company had revenue of $679.56 million for the quarter, compared to analysts’ expectations of $658.03 million. During the same quarter in the previous year, the firm posted $0.78 EPS. The firm’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. Equities research analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

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.