Ollie’s Bargain Outlet Holdings, Inc. $OLLI Shares Sold by Inspire Advisors LLC

Inspire Advisors LLC reduced its stake in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 10.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,919 shares of the company’s stock after selling 715 shares during the period. Inspire Advisors LLC’s holdings in Ollie’s Bargain Outlet were worth $780,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in OLLI. Victory Capital Management Inc. lifted its position in Ollie’s Bargain Outlet by 637.6% during the first quarter. Victory Capital Management Inc. now owns 218,548 shares of the company’s stock worth $25,430,000 after buying an additional 188,917 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its stake in shares of Ollie’s Bargain Outlet by 38.6% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 24,652 shares of the company’s stock worth $2,868,000 after acquiring an additional 6,870 shares during the last quarter. Wealth Alliance LLC purchased a new position in shares of Ollie’s Bargain Outlet during the 1st quarter worth $216,000. GW&K Investment Management LLC boosted its position in shares of Ollie’s Bargain Outlet by 2.2% during the 1st quarter. GW&K Investment Management LLC now owns 136,866 shares of the company’s stock valued at $15,926,000 after acquiring an additional 2,991 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Ollie’s Bargain Outlet during the 1st quarter valued at about $3,115,000.

Wall Street Analyst Weigh In

OLLI has been the subject of several recent analyst reports. Royal Bank Of Canada cut their price objective on shares of Ollie’s Bargain Outlet from $149.00 to $147.00 and set an “outperform” rating for the company in a research report on Friday, October 24th. UBS Group increased their price target on shares of Ollie’s Bargain Outlet from $125.00 to $140.00 and gave the company a “neutral” rating in a research note on Friday, August 29th. Piper Sandler lifted their price target on shares of Ollie’s Bargain Outlet from $123.00 to $150.00 and gave the company an “overweight” rating in a research report on Tuesday, August 19th. Wells Fargo & Company upped their price objective on Ollie’s Bargain Outlet from $105.00 to $130.00 and gave the company an “equal weight” rating in a report on Friday, August 29th. Finally, Jefferies Financial Group raised their target price on 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. Nine analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, Ollie’s Bargain Outlet presently has a consensus rating of “Moderate Buy” and an average target price of $144.00.

Insiders Place Their Bets

In related news, CFO Robert F. Helm sold 367 shares of the business’s stock in a transaction on Thursday, October 23rd. The stock was sold at an average price of $120.08, for a total value of $44,069.36. Following the sale, the chief financial officer owned 3,641 shares in the company, valued at approximately $437,211.28. The trade was a 9.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP James J. Comitale sold 1,775 shares of the stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $125.75, for a total value of $223,206.25. Following the transaction, the senior vice president directly owned 2,898 shares in the company, valued at approximately $364,423.50. The trade was a 37.98% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 128,890 shares of company stock valued at $17,057,659. Insiders own 0.87% of the company’s stock.

Ollie’s Bargain Outlet Stock Performance

Ollie’s Bargain Outlet stock opened at $121.53 on Wednesday. The company’s 50 day simple moving average is $127.32 and its 200-day simple moving average is $126.16. Ollie’s Bargain Outlet Holdings, Inc. has a 1 year low of $86.88 and a 1 year high of $141.74. The company has a market capitalization of $7.45 billion, a price-to-earnings ratio of 35.23, a price-to-earnings-growth ratio of 2.51 and a beta of 0.41.

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

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.