3,866 Shares in Ollie’s Bargain Outlet Holdings, Inc. $OLLI Bought by Versor Investments LP

Versor Investments LP purchased a new position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,866 shares of the company’s stock, valued at approximately $509,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Wellington Management Group LLP lifted its position in shares of Ollie’s Bargain Outlet by 268.0% in the 1st quarter. Wellington Management Group LLP now owns 844,799 shares of the company’s stock worth $98,301,000 after purchasing an additional 615,257 shares during the period. Ameriprise Financial Inc. lifted its holdings 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 worth $96,428,000 after buying an additional 468,944 shares during the period. Alyeska Investment Group L.P. purchased a new stake in Ollie’s Bargain Outlet in the first quarter worth about $33,615,000. Nuveen LLC purchased a new stake in Ollie’s Bargain Outlet in the first quarter worth about $24,452,000. Finally, Victory Capital Management Inc. lifted its holdings in Ollie’s Bargain Outlet by 637.6% in 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 during the period.

Insiders Place Their Bets

In other Ollie’s Bargain Outlet news, SVP Larry Kraus sold 8,921 shares of Ollie’s Bargain Outlet stock in a transaction dated Monday, October 13th. The shares were sold at an average price of $130.31, for a total value of $1,162,495.51. Following the completion of the transaction, the senior vice president directly owned 3,679 shares of the company’s stock, valued at approximately $479,410.49. The trade was a 70.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Robert F. Helm sold 1,493 shares of the business’s stock in a transaction that occurred on Friday, October 17th. The stock was sold at an average price of $122.92, for a total transaction of $183,519.56. Following the completion of the transaction, the chief financial officer owned 4,008 shares of the company’s stock, valued at approximately $492,663.36. The trade was a 27.14% decrease in their ownership of the stock. 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. 0.87% of the stock is owned by company insiders.

Ollie’s Bargain Outlet Trading Down 0.2%

Shares of NASDAQ:OLLI opened at $123.99 on Wednesday. The stock has a fifty day simple moving average of $128.33 and a two-hundred day simple moving average of $124.95. The stock has a market capitalization of $7.60 billion, a price-to-earnings ratio of 35.94, a PEG ratio of 2.54 and a beta of 0.41. 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 posted its quarterly earnings results on Thursday, August 28th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.08. The firm had revenue of $679.56 million during 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% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.78 EPS. Ollie’s Bargain Outlet has set its FY 2025 guidance at 3.760-3.840 EPS. As a group, equities research analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

Wall Street Analysts Forecast Growth

OLLI has been the subject of a number of research analyst reports. Wells Fargo & Company raised their target price on Ollie’s Bargain Outlet from $105.00 to $130.00 and gave the company an “equal weight” rating in a research note on Friday, August 29th. UBS Group raised their price objective on Ollie’s Bargain Outlet from $125.00 to $140.00 and gave the company a “neutral” rating in a research report on Friday, August 29th. Craig Hallum set a $156.00 price objective on Ollie’s Bargain Outlet in a research report on Friday, August 29th. Piper Sandler raised their price objective on 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. Finally, Royal Bank Of Canada lowered their price target 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. Nine analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus 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.