Voya Investment Management LLC Decreases Holdings in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Voya Investment Management LLC trimmed its holdings in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 20.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 201,090 shares of the company’s stock after selling 51,518 shares during the period. Voya Investment Management LLC owned about 0.33% of Ollie’s Bargain Outlet worth $25,820,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in OLLI. Invesco Ltd. boosted its position in Ollie’s Bargain Outlet by 55.5% during the 2nd quarter. Invesco Ltd. now owns 2,552,605 shares of the company’s stock valued at $336,382,000 after buying an additional 911,364 shares during the period. Hood River Capital Management LLC raised its position in Ollie’s Bargain Outlet by 165.4% during the 2nd quarter. Hood River Capital Management LLC now owns 1,240,339 shares of the company’s stock valued at $163,452,000 after purchasing an additional 773,013 shares during the last quarter. Norges Bank purchased a new stake in Ollie’s Bargain Outlet in the 2nd quarter worth approximately $83,622,000. Ameriprise Financial Inc. grew its position in shares of Ollie’s Bargain Outlet by 130.3% in the 1st 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 last quarter. Finally, Alyeska Investment Group L.P. purchased a new position in shares of Ollie’s Bargain Outlet during the first quarter valued at approximately $33,615,000.

Insider Activity

In related news, SVP Larry Kraus sold 8,921 shares of the firm’s 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 completion of the sale, the senior vice president owned 3,679 shares of the company’s stock, valued at $479,410.49. This trade represents a 70.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Robert F. Helm sold 367 shares of the company’s stock in a transaction that occurred on Thursday, October 23rd. The shares were sold at an average price of $120.08, for a total value of $44,069.36. Following the completion of the transaction, the chief financial officer directly owned 3,641 shares in the company, valued at $437,211.28. This trade represents a 9.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 19,715 shares of company stock worth $2,557,653. Corporate insiders own 0.87% of the company’s stock.

Wall Street Analyst Weigh In

OLLI has been the subject of a number of research analyst reports. Bank of America raised their price target on Ollie’s Bargain Outlet from $130.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday, August 29th. KeyCorp reaffirmed an “overweight” rating on shares of Ollie’s Bargain Outlet in a research report on Wednesday, December 10th. Citigroup decreased their target price on Ollie’s Bargain Outlet from $150.00 to $141.00 and set a “buy” rating for the company in a research report on Thursday, December 11th. Jefferies Financial Group raised their target price on Ollie’s Bargain Outlet from $111.00 to $135.00 and gave the company a “hold” rating in a research note on Friday, August 29th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $162.00 price target on shares of Ollie’s Bargain Outlet in a research note on Wednesday, December 10th. Twelve analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Ollie’s Bargain Outlet presently has an average rating of “Moderate Buy” and a consensus price target of $142.57.

Ollie’s Bargain Outlet Trading Up 0.0%

Ollie’s Bargain Outlet stock opened at $107.97 on Monday. Ollie’s Bargain Outlet Holdings, Inc. has a 12 month low of $94.88 and a 12 month high of $141.74. The business’s fifty day simple moving average is $121.05 and its two-hundred day simple moving average is $126.92. The company has a market capitalization of $6.62 billion, a price-to-earnings ratio of 29.83, a price-to-earnings-growth ratio of 1.92 and a beta of 0.44.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings results on Tuesday, December 9th. The company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.04. The company had revenue of $613.62 million for the quarter, compared to analysts’ expectations of $613.63 million. Ollie’s Bargain Outlet had a net margin of 8.81% and a return on equity of 12.86%. Ollie’s Bargain Outlet’s revenue was up 18.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.58 EPS. Ollie’s Bargain Outlet has set its FY 2025 guidance at 3.810-3.870 EPS. On average, equities research analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

About Ollie’s Bargain Outlet

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.