Hantz Financial Services Inc. Sells 13,023 Shares of Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Hantz Financial Services Inc. cut its holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 17.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,155 shares of the company’s stock after selling 13,023 shares during the period. Hantz Financial Services Inc.’s holdings in Ollie’s Bargain Outlet were worth $6,922,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Allworth Financial LP boosted its holdings in Ollie’s Bargain Outlet by 301.8% in the third quarter. Allworth Financial LP now owns 221 shares of the company’s stock worth $28,000 after purchasing an additional 166 shares in the last quarter. Cornerstone Planning Group LLC boosted its holdings in Ollie’s Bargain Outlet by 218.8% in the fourth quarter. Cornerstone Planning Group LLC now owns 255 shares of the company’s stock worth $27,000 after purchasing an additional 175 shares in the last quarter. Maseco LLP bought a new stake in Ollie’s Bargain Outlet in the fourth quarter worth $30,000. Shell Asset Management Co. bought a new stake in Ollie’s Bargain Outlet in the third quarter worth $37,000. Finally, Smartleaf Asset Management LLC boosted its holdings in Ollie’s Bargain Outlet by 125.0% in the third quarter. Smartleaf Asset Management LLC now owns 342 shares of the company’s stock worth $45,000 after purchasing an additional 190 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Truist Financial set a $135.00 price objective on shares of Ollie’s Bargain Outlet in a report on Friday, March 13th. Citigroup decreased their price target on shares of Ollie’s Bargain Outlet from $141.00 to $111.00 and set a “buy” rating for the company in a report on Tuesday, May 12th. Bank of America restated a “buy” rating on shares of Ollie’s Bargain Outlet in a report on Friday, March 13th. UBS Group set a $125.00 price target on shares of Ollie’s Bargain Outlet in a report on Monday, March 16th. Finally, Jefferies Financial Group upgraded shares of Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and upped their price target for the company from $120.00 to $130.00 in a report on Thursday, April 2nd. Thirteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $137.29.

Ollie’s Bargain Outlet Price Performance

OLLI stock opened at $81.84 on Tuesday. Ollie’s Bargain Outlet Holdings, Inc. has a 52-week low of $73.32 and a 52-week high of $141.74. The company has a 50-day moving average of $89.81 and a two-hundred day moving average of $105.58. The stock has a market capitalization of $4.96 billion, a price-to-earnings ratio of 20.98, a price-to-earnings-growth ratio of 1.44 and a beta of 0.48.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings results on Thursday, March 12th. The company reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.01. Ollie’s Bargain Outlet had a net margin of 9.08% and a return on equity of 13.18%. The company had revenue of $779.26 million during the quarter, compared to analysts’ expectations of $783.72 million. During the same period in the prior year, the company earned $1.19 earnings per share. The business’s quarterly revenue was up 16.8% compared to the same quarter last year. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.400-4.500 EPS. Equities analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 4.48 EPS for the current fiscal year.

Insider Activity at Ollie’s Bargain Outlet

In other news, Chairman John W. Swygert sold 5,231 shares of the company’s stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $92.09, for a total transaction of $481,722.79. Following the completion of the transaction, the chairman owned 48,200 shares of the company’s stock, valued at approximately $4,438,738. This represents a 9.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 12,459 shares of company stock worth $1,149,218 over the last three months. 0.75% of the stock is currently owned by corporate insiders.

Ollie’s Bargain Outlet Company Profile

Ollie’s Bargain Outlet is an American discount retailer specializing in closeout merchandise and surplus inventory across a broad range of categories. The company operates a no-frills retail format that offers branded and private-label products at significant markdowns. Its merchandise mix typically includes housewares, electronics, health and beauty items, food products, beauty supplies, books, toys, and seasonal goods.

Founded in 1982 by Oliver E. “Ollie” Rosenberg, the company is headquartered in Harrisburg, Pennsylvania.