Yousif Capital Management LLC Sells 213 Shares of Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Yousif Capital Management LLC lessened its stake in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 1.0% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 20,813 shares of the company’s stock after selling 213 shares during the quarter. Yousif Capital Management LLC’s holdings in Ollie’s Bargain Outlet were worth $2,743,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. HM Payson & Co. bought a new stake in shares of Ollie’s Bargain Outlet during the first quarter worth $30,000. Maseco LLP bought a new stake in shares of Ollie’s Bargain Outlet during the second quarter worth $36,000. Brooklyn Investment Group grew its stake in shares of Ollie’s Bargain Outlet by 133.5% during the first quarter. Brooklyn Investment Group now owns 390 shares of the company’s stock worth $45,000 after buying an additional 223 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Ollie’s Bargain Outlet by 77.5% during the first quarter. Blue Trust Inc. now owns 504 shares of the company’s stock worth $59,000 after buying an additional 220 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Ollie’s Bargain Outlet by 58.8% during the first quarter. GAMMA Investing LLC now owns 1,405 shares of the company’s stock worth $163,000 after buying an additional 520 shares during the last quarter.

Insider Activity

In other Ollie’s Bargain Outlet news, CEO Der Valk Eric Van sold 4,000 shares of the company’s stock in a transaction on Monday, September 29th. The shares were sold at an average price of $132.27, for a total transaction of $529,080.00. Following the sale, the chief executive officer owned 7,761 shares of the company’s stock, valued at approximately $1,026,547.47. This represents a 34.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP James J. Comitale sold 2,117 shares of the company’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $130.00, for a total transaction of $275,210.00. Following the sale, the senior vice president directly owned 2,504 shares in the company, valued at $325,520. This trade represents a 45.81% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 125,255 shares of company stock worth $16,606,864. 0.75% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Bank of America boosted their target price on shares of 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. Wall Street Zen cut shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating in a research note on Friday, September 26th. Truist Financial boosted their price objective on shares of Ollie’s Bargain Outlet from $146.00 to $148.00 and gave the stock a “buy” rating in a research note on Thursday, August 28th. Piper Sandler boosted their price objective on shares of Ollie’s Bargain Outlet from $123.00 to $150.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 19th. Finally, Royal Bank Of Canada boosted their price objective on shares of Ollie’s Bargain Outlet from $144.00 to $149.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. Nine analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Ollie’s Bargain Outlet currently has an average rating of “Moderate Buy” and an average target price of $144.15.

Ollie’s Bargain Outlet Trading Up 1.2%

Shares of OLLI opened at $124.56 on Friday. The stock has a market capitalization of $7.64 billion, a P/E ratio of 36.10, a price-to-earnings-growth ratio of 2.52 and a beta of 0.42. The firm’s fifty day simple moving average is $131.05 and its two-hundred day simple moving average is $123.82. Ollie’s Bargain Outlet Holdings, Inc. has a 12 month low of $86.88 and a 12 month high of $141.74.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings results on Thursday, August 28th. The company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.08. The business had revenue of $679.56 million for the quarter, compared to analysts’ expectations of $658.03 million. Ollie’s Bargain Outlet had a net margin of 8.74% and a return on equity of 12.66%. The business’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.78 earnings per share. Ollie’s Bargain Outlet has set its FY 2025 guidance at 3.760-3.840 EPS. As a group, research analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

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.