Index Fund Advisors Inc. Acquires Shares of 6,234 Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Index Fund Advisors Inc. acquired a new stake in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 6,234 shares of the company’s stock, valued at approximately $822,000.

Several other hedge funds and other institutional investors have also made changes to their positions in OLLI. Belpointe Asset Management LLC raised its position in shares of Ollie’s Bargain Outlet by 1.3% during the 1st quarter. Belpointe Asset Management LLC now owns 7,001 shares of the company’s stock valued at $815,000 after buying an additional 91 shares in the last quarter. Louisiana State Employees Retirement System raised its position in shares of Ollie’s Bargain Outlet by 0.6% during the 2nd quarter. Louisiana State Employees Retirement System now owns 17,300 shares of the company’s stock valued at $2,280,000 after buying an additional 100 shares in the last quarter. Xponance Inc. raised its position in shares of Ollie’s Bargain Outlet by 1.4% during the 1st quarter. Xponance Inc. now owns 7,231 shares of the company’s stock valued at $841,000 after buying an additional 102 shares in the last quarter. Wedmont Private Capital raised its position in shares of Ollie’s Bargain Outlet by 6.4% during the 2nd quarter. Wedmont Private Capital now owns 2,218 shares of the company’s stock valued at $283,000 after buying an additional 134 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of Ollie’s Bargain Outlet by 3.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,565 shares of the company’s stock valued at $531,000 after buying an additional 146 shares in the last quarter.

Ollie’s Bargain Outlet Price Performance

Shares of OLLI stock opened at $124.60 on Monday. The company has a market capitalization of $7.64 billion, a P/E ratio of 36.12, a P/E/G ratio of 2.55 and a beta of 0.42. The company’s 50-day simple moving average is $132.22 and its two-hundred day simple moving average is $123.52. Ollie’s Bargain Outlet Holdings, Inc. has a one year low of $86.88 and a one year high of $141.74.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its earnings results on Thursday, August 28th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.08. The business had revenue of $679.56 million for 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 company’s revenue for the quarter was up 17.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.78 EPS. Ollie’s Bargain Outlet has set its FY 2025 guidance at 3.760-3.840 EPS. On average, research analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

Insider Activity at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, SVP James J. Comitale sold 2,117 shares of the company’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $130.00, for a total value of $275,210.00. Following the transaction, the senior vice president directly owned 2,504 shares in the company, valued at $325,520. This represents a 45.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Der Valk Eric Van sold 4,000 shares of the company’s stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $132.27, for a total transaction of $529,080.00. Following the completion of the transaction, the chief executive officer owned 7,761 shares in the company, valued at $1,026,547.47. This represents a 34.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 116,334 shares of company stock valued at $15,444,369 over the last 90 days. 0.87% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Loop Capital cut shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and set a $130.00 target price on the stock. in a research report on Tuesday, June 24th. UBS Group increased their price objective on shares of Ollie’s Bargain Outlet from $125.00 to $140.00 and gave the stock a “neutral” rating in a research report on Friday, August 29th. Wall Street Zen lowered shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating in a research report on Friday, September 26th. Craig Hallum set a $156.00 price objective on shares of Ollie’s Bargain Outlet in a research report on Friday, August 29th. Finally, Jefferies Financial Group increased their price objective on shares of Ollie’s Bargain Outlet from $111.00 to $135.00 and gave the stock a “hold” rating in a research report on Friday, August 29th. Nine analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $144.15.

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.