Sequoia Financial Advisors LLC Takes Position in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Sequoia Financial Advisors LLC acquired a new position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 1,566 shares of the company’s stock, valued at approximately $206,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Belpointe Asset Management LLC lifted its stake in shares of 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 worth $815,000 after buying an additional 91 shares during the period. Louisiana State Employees Retirement System lifted its stake in shares of Ollie’s Bargain Outlet by 0.6% during the second quarter. Louisiana State Employees Retirement System now owns 17,300 shares of the company’s stock worth $2,280,000 after buying an additional 100 shares during the period. Xponance Inc. lifted its stake in shares of Ollie’s Bargain Outlet by 1.4% during the first quarter. Xponance Inc. now owns 7,231 shares of the company’s stock worth $841,000 after buying an additional 102 shares during the period. Wedmont Private Capital lifted its stake in shares of Ollie’s Bargain Outlet by 6.4% during the second quarter. Wedmont Private Capital now owns 2,218 shares of the company’s stock worth $283,000 after buying an additional 134 shares during the period. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Ollie’s Bargain Outlet by 3.3% during the first quarter. PNC Financial Services Group Inc. now owns 4,565 shares of the company’s stock worth $531,000 after buying an additional 146 shares during the period.

Insider Buying and Selling

In other Ollie’s Bargain Outlet news, SVP Larry Kraus sold 8,921 shares of Ollie’s Bargain Outlet stock in a transaction on Monday, October 13th. The shares were sold at an average price of $130.31, for a total value of $1,162,495.51. Following the completion of the transaction, the senior vice president owned 3,679 shares of the company’s stock, valued at approximately $479,410.49. The trade was a 70.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman John W. Swygert sold 107,058 shares of Ollie’s Bargain Outlet stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $132.87, for a total transaction of $14,224,796.46. Following the completion of the transaction, the chairman directly owned 48,200 shares of the company’s stock, valued at $6,404,334. The trade was a 68.95% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 128,523 shares of company stock valued at $17,013,590 in the last ninety days. Company insiders own 0.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Wells Fargo & Company lifted their price objective on shares of Ollie’s Bargain Outlet from $105.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Friday, August 29th. Citigroup reiterated a “buy” rating on shares of Ollie’s Bargain Outlet in a research note on Friday, August 29th. Weiss Ratings reissued a “buy (b)” rating on shares of Ollie’s Bargain Outlet in a report on Wednesday, October 8th. Craig Hallum set a $156.00 target price on shares of Ollie’s Bargain Outlet in a report on Friday, August 29th. Finally, Wall Street Zen cut shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating in a report on Friday, September 26th. Nine equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $144.15.

Ollie’s Bargain Outlet Stock Performance

OLLI opened at $121.18 on Friday. Ollie’s Bargain Outlet Holdings, Inc. has a fifty-two week low of $86.88 and a fifty-two week high of $141.74. The company has a fifty day moving average of $130.03 and a two-hundred day moving average of $124.01. The stock has a market capitalization of $7.43 billion, a price-to-earnings ratio of 35.12, a PEG ratio of 2.46 and a beta of 0.42.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings data 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 net margin of 8.74% and a return on equity of 12.66%. The company had revenue of $679.56 million during the quarter, compared to analysts’ expectations of $658.03 million. During the same quarter in the previous year, the company earned $0.78 earnings per share. The firm’s revenue for the quarter 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, equities research analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share 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.