Rheos Capital Works Inc. Acquires 20,000 Shares of Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Rheos Capital Works Inc. raised its holdings in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 10.4% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 213,000 shares of the company’s stock after acquiring an additional 20,000 shares during the period. Ollie’s Bargain Outlet makes up about 1.5% of Rheos Capital Works Inc.’s investment portfolio, making the stock its 24th largest position. Rheos Capital Works Inc.’s holdings in Ollie’s Bargain Outlet were worth $27,349,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of OLLI. Invesco Ltd. boosted its position in shares of 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 acquiring an additional 911,364 shares during the last quarter. Hood River Capital Management LLC raised its stake in Ollie’s Bargain Outlet by 165.4% in the second 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 in the last quarter. Norges Bank bought a new stake in Ollie’s Bargain Outlet during the second quarter valued at approximately $83,622,000. JPMorgan Chase & Co. grew its stake in Ollie’s Bargain Outlet by 51.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 639,417 shares of the company’s stock worth $84,262,000 after buying an additional 217,405 shares in the last quarter. Finally, Franklin Resources Inc. increased its holdings in shares of Ollie’s Bargain Outlet by 5,089.0% in the 2nd quarter. Franklin Resources Inc. now owns 197,338 shares of the company’s stock worth $26,005,000 after buying an additional 193,535 shares during the last quarter.

Insider Buying and Selling at Ollie’s Bargain Outlet

In other news, SVP James J. Comitale sold 1,775 shares of the stock in a transaction that occurred on Monday, October 20th. The stock was sold at an average price of $125.75, for a total transaction 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 approximately $364,423.50. This represents a 37.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Robert F. Helm sold 367 shares of the firm’s 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 completion of the transaction, the chief financial officer owned 3,641 shares in the company, valued at $437,211.28. This represents a 9.16% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 12,585 shares of company stock worth $1,616,488. 0.87% of the stock is currently owned by insiders.

Ollie’s Bargain Outlet Stock Down 1.2%

NASDAQ OLLI opened at $115.59 on Wednesday. The company has a 50-day simple moving average of $118.09 and a two-hundred day simple moving average of $126.45. Ollie’s Bargain Outlet Holdings, Inc. has a 12-month low of $94.88 and a 12-month high of $141.74. The firm has a market cap of $7.09 billion, a price-to-earnings ratio of 31.93, a PEG ratio of 2.07 and a beta of 0.48.

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, beating analysts’ consensus estimates of $0.71 by $0.04. The company had revenue of $613.62 million during the quarter, compared to analyst estimates of $613.63 million. Ollie’s Bargain Outlet had a return on equity of 12.86% and a net margin of 8.81%.Ollie’s Bargain Outlet’s revenue for the quarter was up 18.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.58 EPS. Ollie’s Bargain Outlet has set its FY 2025 guidance at 3.810-3.870 EPS. Equities analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on OLLI shares. The Goldman Sachs Group restated a “buy” rating and set a $162.00 price objective on shares of Ollie’s Bargain Outlet in a research report on Wednesday, December 10th. Wells Fargo & Company lowered their price target on Ollie’s Bargain Outlet from $125.00 to $120.00 and set an “equal weight” rating on the stock in a research report on Friday, December 19th. KeyCorp reaffirmed an “overweight” rating on shares of Ollie’s Bargain Outlet in a research note on Wednesday, December 10th. Weiss Ratings reiterated a “buy (b)” rating on shares of Ollie’s Bargain Outlet in a research report on Wednesday, October 8th. Finally, Citigroup decreased their price objective on Ollie’s Bargain Outlet from $150.00 to $141.00 and set a “buy” rating on the stock in a report on Thursday, December 11th. Twelve analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Ollie’s Bargain Outlet has a consensus rating of “Moderate Buy” and a consensus target price of $142.57.

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.