Stephens Investment Management Group LLC Sells 138,602 Shares of Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Stephens Investment Management Group LLC decreased its holdings in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 17.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 677,485 shares of the company’s stock after selling 138,602 shares during the quarter. Ollie’s Bargain Outlet comprises approximately 1.1% of Stephens Investment Management Group LLC’s portfolio, making the stock its 25th biggest holding. Stephens Investment Management Group LLC owned approximately 1.11% of Ollie’s Bargain Outlet worth $86,989,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Private Trust Co. NA grew its position in shares of Ollie’s Bargain Outlet by 71.3% in the third quarter. Private Trust Co. NA now owns 245 shares of the company’s stock valued at $31,000 after purchasing an additional 102 shares in the last quarter. Assetmark Inc. boosted its stake in Ollie’s Bargain Outlet by 44.8% in the 2nd quarter. Assetmark Inc. now owns 265 shares of the company’s stock worth $35,000 after purchasing an additional 82 shares during the period. Maseco LLP purchased a new position in Ollie’s Bargain Outlet during the 2nd quarter valued at about $36,000. MAI Capital Management increased its position in shares of Ollie’s Bargain Outlet by 28.5% during the second quarter. MAI Capital Management now owns 397 shares of the company’s stock valued at $52,000 after buying an additional 88 shares during the period. Finally, HM Payson & Co. lifted its holdings in shares of Ollie’s Bargain Outlet by 31.7% in the third quarter. HM Payson & Co. now owns 544 shares of the company’s stock worth $70,000 after buying an additional 131 shares in the last quarter.

Ollie’s Bargain Outlet Stock Performance

Shares of NASDAQ:OLLI opened at $116.61 on Friday. The firm has a market capitalization of $7.15 billion, a PE ratio of 32.21, a price-to-earnings-growth ratio of 2.08 and a beta of 0.48. Ollie’s Bargain Outlet Holdings, Inc. has a 52-week low of $94.88 and a 52-week high of $141.74. The firm has a fifty day moving average of $117.02 and a 200 day moving average of $125.69.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings results on Tuesday, December 9th. The company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.04. Ollie’s Bargain Outlet had a return on equity of 12.86% and a net margin of 8.81%.The business had revenue of $613.62 million for the quarter, compared to the consensus estimate of $613.63 million. During the same quarter last year, the business posted $0.58 earnings per share. The company’s revenue for the quarter was up 18.6% on a year-over-year basis. Ollie’s Bargain Outlet has set its FY 2025 guidance at 3.810-3.870 EPS. On average, sell-side analysts forecast 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 1,775 shares of the company’s stock in a transaction that occurred on Monday, October 20th. The stock was sold at an average price of $125.75, for a total value of $223,206.25. Following the completion of the sale, the senior vice president owned 2,898 shares of the company’s stock, valued at $364,423.50. This represents a 37.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Robert F. Helm sold 367 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Thursday, October 23rd. The stock was sold at an average price of $120.08, for a total transaction of $44,069.36. Following 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 sold 2,171 shares of company stock valued at $270,473. 0.75% of the stock is owned by insiders.

Analyst Ratings Changes

OLLI has been the subject of several recent analyst reports. Wells Fargo & Company reduced their price objective on shares of Ollie’s Bargain Outlet from $125.00 to $120.00 and set an “equal weight” rating for the company in a research note on Friday, December 19th. Citigroup cut their price target on shares of Ollie’s Bargain Outlet from $150.00 to $141.00 and set a “buy” rating for the company in a report on Thursday, December 11th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ollie’s Bargain Outlet in a report on Wednesday, October 8th. Loop Capital upgraded Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and increased their price objective for the stock from $130.00 to $135.00 in a research report on Monday, December 22nd. Finally, Truist Financial set a $142.00 target price on Ollie’s Bargain Outlet in a research report on Friday. Twelve research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $142.14.

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.