Insider Selling: Ollie’s Bargain Outlet (NASDAQ:OLLI) SVP Sells $1,162,495.51 in Stock

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) SVP Larry Kraus sold 8,921 shares of the business’s stock in a transaction dated Monday, October 13th. The stock was sold at an average price of $130.31, for a total transaction of $1,162,495.51. Following the transaction, the senior vice president owned 3,679 shares in the company, valued at approximately $479,410.49. This trade represents a 70.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Larry Kraus also recently made the following trade(s):

• On Monday, October 6th, Larry Kraus sold 3,159 shares of Ollie’s Bargain Outlet stock. The stock was sold at an average price of $131.46, for a total transaction of $415,282.14.

Ollie’s Bargain Outlet Trading Up 1.2%

OLLI stock opened at $124.56 on Friday. The company has a market cap of $7.64 billion, a P/E ratio of 36.10, a P/E/G ratio of 2.52 and a beta of 0.42. 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 moving average price is $131.05 and its 200 day moving average price is $123.82.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings results on Thursday, August 28th. The company reported $0.99 earnings per share (EPS) for the quarter, beating 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 company had revenue of $679.56 million for the quarter, compared to the consensus estimate of $658.03 million. During the same quarter in the prior year, the firm earned $0.78 earnings per share. The company’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, equities research analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

Analysts Set New Price Targets

OLLI has been the topic of several recent analyst reports. Citigroup reissued a “buy” rating on shares of Ollie’s Bargain Outlet in a research note on Friday, August 29th. Royal Bank Of Canada upped their price objective on shares of Ollie’s Bargain Outlet from $144.00 to $149.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Wall Street Zen downgraded shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating in a research note on Friday, September 26th. Bank of America upped 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, KeyCorp upped their price objective on shares of Ollie’s Bargain Outlet from $145.00 to $154.00 and gave the company an “overweight” rating in a research note on Friday, September 19th. Nine investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Ollie’s Bargain Outlet has a consensus rating of “Moderate Buy” and an average target price of $144.15.

Hedge Funds Weigh In On Ollie’s Bargain Outlet

A number of large investors have recently bought and sold shares of OLLI. Invesco Ltd. raised its stake in Ollie’s Bargain Outlet by 55.5% during the second quarter. Invesco Ltd. now owns 2,552,605 shares of the company’s stock worth $336,382,000 after purchasing an additional 911,364 shares during the period. Hood River Capital Management LLC raised its stake in Ollie’s Bargain Outlet by 165.4% during the second quarter. Hood River Capital Management LLC now owns 1,240,339 shares of the company’s stock worth $163,452,000 after purchasing an additional 773,013 shares during the period. Norges Bank purchased a new position in Ollie’s Bargain Outlet during the second quarter worth approximately $83,622,000. Wellington Management Group LLP raised its stake in Ollie’s Bargain Outlet by 268.0% during the first quarter. Wellington Management Group LLP now owns 844,799 shares of the company’s stock worth $98,301,000 after purchasing an additional 615,257 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in Ollie’s Bargain Outlet by 130.3% during the first quarter. Ameriprise Financial Inc. now owns 828,743 shares of the company’s stock worth $96,428,000 after purchasing an additional 468,944 shares during the period.

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.