KLP Kapitalforvaltning AS Sells 2,300 Shares of Ollie’s Bargain Outlet Holdings, Inc. $OLLI

KLP Kapitalforvaltning AS decreased its stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 14.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,100 shares of the company’s stock after selling 2,300 shares during the period. KLP Kapitalforvaltning AS’s holdings in Ollie’s Bargain Outlet were worth $1,726,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of OLLI. GAMMA Investing LLC grew its holdings in shares of Ollie’s Bargain Outlet by 58.8% in the 1st quarter. GAMMA Investing LLC now owns 1,405 shares of the company’s stock valued at $163,000 after acquiring an additional 520 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Ollie’s Bargain Outlet in the 1st quarter valued at about $1,282,000. Opal Wealth Advisors LLC bought a new position in shares of Ollie’s Bargain Outlet in the 1st quarter valued at about $38,000. Precision Wealth Strategies LLC grew its holdings in shares of Ollie’s Bargain Outlet by 11.2% in the 1st quarter. Precision Wealth Strategies LLC now owns 4,326 shares of the company’s stock valued at $503,000 after acquiring an additional 437 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its holdings in Ollie’s Bargain Outlet by 2.6% during the first quarter. State of Alaska Department of Revenue now owns 7,180 shares of the company’s stock worth $835,000 after purchasing an additional 185 shares during the period.

Ollie’s Bargain Outlet Stock Down 1.5%

Shares of NASDAQ:OLLI opened at $124.60 on Monday. Ollie’s Bargain Outlet Holdings, Inc. has a 12-month low of $86.88 and a 12-month high of $141.74. The stock has a market cap of $7.64 billion, a PE ratio of 36.12, a P/E/G ratio of 2.55 and a beta of 0.42. The business has a 50 day moving average of $132.22 and a 200-day moving average of $123.52.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings data on Thursday, August 28th. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $658.03 million. During the same quarter in the previous year, the company posted $0.78 earnings per share. The business’s 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 expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

Insider Buying and Selling at Ollie’s Bargain Outlet

In other news, CEO Der Valk Eric Van sold 4,000 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $132.27, for a total value of $529,080.00. Following the completion of the sale, the chief executive officer directly owned 7,761 shares in the company, 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 filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Larry Kraus sold 3,159 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Monday, October 6th. The shares were 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 owned 3,679 shares of the company’s stock, valued at approximately $483,641.34. The trade was a 46.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 116,334 shares of company stock valued at $15,444,369 in the last three months. Corporate insiders own 0.87% of the company’s stock.

Analysts Set New Price Targets

OLLI has been the subject of a number of research analyst reports. Wall Street Zen cut Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating in a report on Friday, September 26th. Wells Fargo & Company lifted their price target on Ollie’s Bargain Outlet from $105.00 to $130.00 and gave the stock an “equal weight” rating in a report on Friday, August 29th. JPMorgan Chase & Co. lifted their price target on Ollie’s Bargain Outlet from $137.00 to $159.00 and gave the stock an “overweight” rating in a report on Monday, July 21st. Craig Hallum set a $156.00 price target on Ollie’s Bargain Outlet in a report on Friday, August 29th. Finally, Citigroup reiterated a “buy” rating on shares of Ollie’s Bargain Outlet in a report on Friday, August 29th. Nine research analysts have rated the stock with a Buy rating and five have given 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 a consensus price target 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.