King Luther Capital Management Corp Decreases Position in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

King Luther Capital Management Corp reduced its stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 33.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 59,746 shares of the company’s stock after selling 30,707 shares during the period. King Luther Capital Management Corp owned 0.10% of Ollie’s Bargain Outlet worth $7,873,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Geneva Capital Management LLC boosted its holdings in shares of Ollie’s Bargain Outlet by 7.6% in the 2nd quarter. Geneva Capital Management LLC now owns 1,129,086 shares of the company’s stock valued at $148,791,000 after buying an additional 79,627 shares in the last quarter. Wellington Management Group LLP lifted its position in Ollie’s Bargain Outlet by 268.0% in the first quarter. Wellington Management Group LLP now owns 844,799 shares of the company’s stock valued at $98,301,000 after acquiring an additional 615,257 shares during the last quarter. Ameriprise Financial Inc. lifted its position in Ollie’s Bargain Outlet by 130.3% in the first quarter. Ameriprise Financial Inc. now owns 828,743 shares of the company’s stock valued at $96,428,000 after acquiring an additional 468,944 shares during the last quarter. Stephens Investment Management Group LLC boosted its stake in Ollie’s Bargain Outlet by 0.8% in the second quarter. Stephens Investment Management Group LLC now owns 816,087 shares of the company’s stock valued at $107,544,000 after acquiring an additional 6,805 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of Ollie’s Bargain Outlet by 15.6% during the first quarter. American Century Companies Inc. now owns 525,076 shares of the company’s stock worth $61,098,000 after purchasing an additional 70,748 shares during the last quarter.

Ollie’s Bargain Outlet Trading Up 0.6%

NASDAQ OLLI opened at $123.46 on Monday. The stock has a market capitalization of $7.57 billion, a price-to-earnings ratio of 35.79, a PEG ratio of 2.52 and a beta of 0.41. The business’s 50 day moving average is $127.96 and its two-hundred day moving average is $125.25. Ollie’s Bargain Outlet Holdings, Inc. has a 12-month low of $86.88 and a 12-month high of $141.74.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings data on Thursday, August 28th. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.08. The firm had revenue of $679.56 million for the quarter, compared to analyst estimates of $658.03 million. Ollie’s Bargain Outlet had a return on equity of 12.66% and a net margin of 8.74%.Ollie’s Bargain Outlet’s quarterly revenue was up 17.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.78 earnings per share. Ollie’s Bargain Outlet has set its FY 2025 guidance at 3.760-3.840 EPS. Equities analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal year.

Insider Activity at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, CEO Der Valk Eric Van sold 4,000 shares of the company’s stock in a transaction on Monday, September 29th. The stock was sold at an average price of $132.27, for a total value of $529,080.00. Following the sale, the chief executive officer owned 7,761 shares of the company’s stock, valued at approximately $1,026,547.47. This represents a 34.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman John W. Swygert sold 107,058 shares of the business’s stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $132.87, for a total transaction of $14,224,796.46. Following the completion of the sale, the chairman owned 48,200 shares in the company, valued at $6,404,334. This represents a 68.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 128,890 shares of company stock worth $17,057,659. 0.87% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on OLLI. Weiss Ratings reissued a “buy (b)” rating on shares of Ollie’s Bargain Outlet in a report on Wednesday, October 8th. UBS Group lifted their target price on shares of Ollie’s Bargain Outlet from $125.00 to $140.00 and gave the company a “neutral” rating in a report on Friday, August 29th. Piper Sandler raised their price objective on shares of Ollie’s Bargain Outlet from $123.00 to $150.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 19th. KeyCorp upped their target price on shares of Ollie’s Bargain Outlet from $145.00 to $154.00 and gave the company an “overweight” rating in a report on Friday, September 19th. Finally, Bank of America raised their price target on Ollie’s Bargain Outlet from $130.00 to $145.00 and gave the stock a “buy” rating in a report on Friday, August 29th. Nine research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $144.00.

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.