Primecap Management Co. CA Purchases 19,340 Shares of Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Primecap Management Co. CA raised its position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 4.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 488,600 shares of the company’s stock after purchasing an additional 19,340 shares during the period. Primecap Management Co. CA owned 0.80% of Ollie’s Bargain Outlet worth $64,388,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Wellington Management Group LLP lifted its stake in Ollie’s Bargain Outlet by 268.0% in the 1st 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 in the last quarter. Ameriprise Financial Inc. grew its stake in Ollie’s Bargain Outlet by 130.3% in the 1st quarter. Ameriprise Financial Inc. now owns 828,743 shares of the company’s stock worth $96,428,000 after buying an additional 468,944 shares in the last quarter. Alyeska Investment Group L.P. bought a new stake in shares of Ollie’s Bargain Outlet during the 1st quarter worth $33,615,000. Nuveen LLC bought a new stake in shares of Ollie’s Bargain Outlet during the 1st quarter worth $24,452,000. Finally, TimesSquare Capital Management LLC purchased a new position in shares of Ollie’s Bargain Outlet in the 2nd quarter worth about $23,589,000.

Ollie’s Bargain Outlet Stock Down 1.5%

Ollie’s Bargain Outlet stock opened at $119.68 on Thursday. The firm has a market capitalization of $7.34 billion, a PE ratio of 34.69, a P/E/G ratio of 2.48 and a beta of 0.41. The firm’s 50-day simple moving average is $127.12 and its 200 day simple moving average is $126.11. Ollie’s Bargain Outlet Holdings, Inc. has a 52 week low of $86.88 and a 52 week high of $141.74.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings results on Thursday, August 28th. The company reported $0.99 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 business had revenue of $679.56 million for the quarter, compared to analyst estimates of $658.03 million. During the same period in the prior year, the business 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, research analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Truist Financial upped their price target on Ollie’s Bargain Outlet from $146.00 to $148.00 and gave the company a “buy” rating in a report on Thursday, August 28th. Craig Hallum set a $156.00 target price on shares of Ollie’s Bargain Outlet in a report on Friday, August 29th. KeyCorp raised their price objective on shares of Ollie’s Bargain Outlet from $145.00 to $154.00 and gave the stock an “overweight” rating in a research note on Friday, September 19th. Piper Sandler lifted their price objective on Ollie’s Bargain Outlet from $123.00 to $150.00 and gave the company an “overweight” rating in a report on Tuesday, August 19th. Finally, Citigroup reiterated a “buy” rating on shares of Ollie’s Bargain Outlet in a research note on Friday, August 29th. Nine research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $144.00.

Insider Buying and Selling at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, CEO Der Valk Eric Van sold 4,000 shares of the business’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 completion of the sale, the chief executive officer owned 7,761 shares of the company’s stock, valued at approximately $1,026,547.47. The trade was a 34.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP James J. Comitale sold 1,775 shares of Ollie’s Bargain Outlet stock in a transaction on Monday, October 20th. The stock was sold at an average price of $125.75, for a total transaction of $223,206.25. Following the completion of the transaction, the senior vice president directly owned 2,898 shares of the company’s stock, valued at approximately $364,423.50. This represents a 37.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 128,890 shares of company stock valued at $17,057,659. 0.75% of the stock is owned by company insiders.

Ollie’s Bargain Outlet 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.