Pullen Investment Management LLC Increases Stock Position in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Pullen Investment Management LLC raised its holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 69.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,416 shares of the company’s stock after purchasing an additional 6,322 shares during the quarter. Ollie’s Bargain Outlet comprises approximately 1.2% of Pullen Investment Management LLC’s portfolio, making the stock its 22nd largest holding. Pullen Investment Management LLC’s holdings in Ollie’s Bargain Outlet were worth $2,032,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. HM Payson & Co. acquired a new position in Ollie’s Bargain Outlet in the first quarter valued at $30,000. Maseco LLP acquired a new position in Ollie’s Bargain Outlet in the second quarter valued at $36,000. Brooklyn Investment Group increased 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 purchasing an additional 223 shares during the period. GAMMA Investing LLC increased its stake in Ollie’s Bargain Outlet by 58.8% in the first quarter. GAMMA Investing LLC now owns 1,405 shares of the company’s stock valued at $163,000 after purchasing an additional 520 shares during the period. Finally, Independent Advisor Alliance acquired a new position in Ollie’s Bargain Outlet in the first quarter valued at $200,000.

Ollie’s Bargain Outlet Trading Down 3.3%

Shares of OLLI opened at $117.13 on Friday. The firm’s 50-day moving average is $129.70 and its two-hundred day moving average is $124.25. Ollie’s Bargain Outlet Holdings, Inc. has a twelve month low of $86.88 and a twelve month high of $141.74. The firm has a market capitalization of $7.18 billion, a P/E ratio of 33.95, a PEG ratio of 2.39 and a beta of 0.42.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its earnings results on Thursday, August 28th. The company reported $0.99 earnings per share for the quarter, topping 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 analyst estimates of $658.03 million. During the same period in the prior year, the business posted $0.78 earnings per share. The firm’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. Analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Bank of America boosted their price target on shares of Ollie’s Bargain Outlet from $130.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday, August 29th. Wall Street Zen lowered shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating in a research note on Friday, September 26th. Craig Hallum set a $156.00 price target on shares of Ollie’s Bargain Outlet in a research note on Friday, August 29th. Jefferies Financial Group boosted their price target on shares of Ollie’s Bargain Outlet from $111.00 to $135.00 and gave the stock a “hold” rating in a research note on Friday, August 29th. Finally, Truist Financial boosted their price target on shares of Ollie’s Bargain Outlet from $146.00 to $148.00 and gave the stock a “buy” rating in a research note on Thursday, August 28th. Nine investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $144.00.

Insider Activity at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, CFO Robert F. Helm sold 1,493 shares of the company’s stock in a transaction dated Friday, October 17th. The shares were sold at an average price of $122.92, for a total transaction of $183,519.56. Following the transaction, the chief financial officer directly owned 4,008 shares in the company, valued at approximately $492,663.36. This represents a 27.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP James J. Comitale sold 2,117 shares of the company’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $130.00, for a total transaction of $275,210.00. Following the completion of the sale, the senior vice president directly owned 2,504 shares in the company, valued at $325,520. This trade represents a 45.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 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.

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.