Future Fund LLC Invests $869,000 in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Future Fund LLC purchased a new stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) in the 2nd quarter, HoldingsChannel reports. The fund purchased 6,591 shares of the company’s stock, valued at approximately $869,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Assetmark Inc. lifted its stake in shares of Ollie’s Bargain Outlet by 44.8% in the second quarter. Assetmark Inc. now owns 265 shares of the company’s stock valued at $35,000 after buying an additional 82 shares in the last quarter. Blue Barn Wealth LLC increased its position in shares of Ollie’s Bargain Outlet by 2.8% during the second quarter. Blue Barn Wealth LLC now owns 3,114 shares of the company’s stock worth $410,000 after acquiring an additional 86 shares in the last quarter. Belpointe Asset Management LLC raised its holdings in shares of Ollie’s Bargain Outlet by 1.3% in the 1st quarter. Belpointe Asset Management LLC now owns 7,001 shares of the company’s stock worth $815,000 after acquiring an additional 91 shares during the last quarter. Louisiana State Employees Retirement System raised its holdings in shares of Ollie’s Bargain Outlet by 0.6% in the 2nd quarter. Louisiana State Employees Retirement System now owns 17,300 shares of the company’s stock worth $2,280,000 after acquiring an additional 100 shares during the last quarter. Finally, State of Michigan Retirement System boosted its stake in Ollie’s Bargain Outlet by 0.7% during the 2nd quarter. State of Michigan Retirement System now owns 14,803 shares of the company’s stock valued at $1,951,000 after purchasing an additional 100 shares during the last quarter.

Ollie’s Bargain Outlet Trading Up 0.6%

Shares of Ollie’s Bargain Outlet stock opened at $123.46 on Friday. The business’s fifty day simple moving average is $127.96 and its 200 day simple moving average is $125.15. Ollie’s Bargain Outlet Holdings, Inc. has a 12 month low of $86.88 and a 12 month high of $141.74. The firm has a market capitalization of $7.57 billion, a P/E ratio of 35.79, a price-to-earnings-growth ratio of 2.52 and a beta of 0.41.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its earnings results on Thursday, August 28th. The company reported $0.99 earnings per share (EPS) 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 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%.The business’s revenue was up 17.5% compared to the same quarter last year. During the same period last year, the firm posted $0.78 EPS. 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 fiscal year.

Insider Buying and Selling at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, CFO Robert F. Helm sold 367 shares of the business’s stock in a transaction dated Thursday, October 23rd. The shares were sold at an average price of $120.08, for a total value of $44,069.36. Following the transaction, the chief financial officer directly owned 3,641 shares in the company, valued at $437,211.28. The trade was a 9.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Larry Kraus sold 8,921 shares of the stock in a transaction that occurred on Monday, October 13th. The shares were sold at an average price of $130.31, for a total transaction of $1,162,495.51. Following the transaction, the senior vice president directly owned 3,679 shares of the company’s stock, valued at $479,410.49. This represents a 70.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 128,890 shares of company stock valued at $17,057,659 in the last three months. 0.75% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently commented on the company. JPMorgan Chase & Co. increased their price objective on Ollie’s Bargain Outlet from $137.00 to $159.00 and gave the stock an “overweight” rating in a research note on Monday, July 21st. Morgan Stanley upped their price target on Ollie’s Bargain Outlet from $118.00 to $145.00 and gave the stock an “equal weight” rating in a report on Friday, August 29th. Truist Financial increased their price target on Ollie’s Bargain Outlet from $146.00 to $148.00 and gave the company a “buy” rating in a research report on Thursday, August 28th. Wall Street Zen downgraded shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating in a report on Sunday. Finally, Jefferies Financial Group upped their target price 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. Nine investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $144.00.

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.