Zions Bancorporation National Association UT Decreases Stake in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Zions Bancorporation National Association UT lessened its stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 12.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,312 shares of the company’s stock after selling 4,614 shares during the quarter. Zions Bancorporation National Association UT owned 0.05% of Ollie’s Bargain Outlet worth $4,020,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Private Trust Co. NA grew its position in Ollie’s Bargain Outlet by 71.3% during the third quarter. Private Trust Co. NA now owns 245 shares of the company’s stock worth $31,000 after buying an additional 102 shares during the period. Assetmark Inc. grew its holdings in shares of 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 acquiring an additional 82 shares during the period. Shell Asset Management Co. purchased a new position in Ollie’s Bargain Outlet in the 3rd quarter valued at approximately $37,000. Smartleaf Asset Management LLC raised its holdings in Ollie’s Bargain Outlet by 125.0% during the third quarter. Smartleaf Asset Management LLC now owns 342 shares of the company’s stock worth $45,000 after purchasing an additional 190 shares during the last quarter. Finally, MAI Capital Management boosted its position in Ollie’s Bargain Outlet by 28.5% during the second quarter. MAI Capital Management now owns 397 shares of the company’s stock worth $52,000 after purchasing an additional 88 shares in the last quarter.

Ollie’s Bargain Outlet Stock Down 1.2%

OLLI stock opened at $113.70 on Monday. The stock has a market capitalization of $6.97 billion, a price-to-earnings ratio of 31.41, a price-to-earnings-growth ratio of 1.74 and a beta of 0.51. Ollie’s Bargain Outlet Holdings, Inc. has a 52-week low of $94.88 and a 52-week high of $141.74. The stock’s fifty day simple moving average is $112.56 and its 200-day simple moving average is $122.83.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its earnings results on Tuesday, December 9th. The company reported $0.75 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $613.62 million for the quarter, compared to the consensus estimate of $613.63 million. During the same period in the prior year, the business posted $0.58 earnings per share. The firm’s revenue for the quarter was up 18.6% compared to the same quarter last year. Ollie’s Bargain Outlet has set its FY 2025 guidance at 3.810-3.870 EPS. As a group, analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on OLLI shares. Piper Sandler restated an “overweight” rating on shares of Ollie’s Bargain Outlet in a research report on Wednesday, December 10th. The Goldman Sachs Group restated a “buy” rating and set a $162.00 target price on shares of Ollie’s Bargain Outlet in a research report on Wednesday, December 10th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Ollie’s Bargain Outlet in a report on Wednesday, December 10th. Truist Financial set a $142.00 price objective on shares of Ollie’s Bargain Outlet in a research note on Friday, January 16th. Finally, Craig Hallum reiterated a “buy” rating and set a $157.00 target price on shares of Ollie’s Bargain Outlet in a report on Wednesday, December 10th. Twelve research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $142.14.

Insider Activity

In other Ollie’s Bargain Outlet news, Chairman John W. Swygert sold 1,126 shares of the stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $112.06, for a total transaction of $126,179.56. Following the transaction, the chairman owned 48,200 shares of the company’s stock, valued at $5,401,292. This trade represents a 2.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.87% of the company’s stock.

Ollie’s Bargain Outlet 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.