Robert Helm Sells 367 Shares of Ollie’s Bargain Outlet (NASDAQ:OLLI) Stock

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) CFO Robert Helm sold 367 shares of the stock in a transaction 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 sale, the chief financial officer owned 3,641 shares in the company, valued at approximately $437,211.28. This trade represents a 9.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Ollie’s Bargain Outlet Stock Performance

OLLI opened at $124.44 on Wednesday. The firm’s fifty day moving average is $129.29 and its two-hundred day moving average is $124.52. The firm has a market cap of $7.63 billion, a PE ratio of 36.07, a price-to-earnings-growth ratio of 2.54 and a beta of 0.42. Ollie’s Bargain Outlet Holdings, Inc. has a twelve month low of $86.88 and a twelve month high of $141.74.

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

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on OLLI. JPMorgan Chase & Co. increased their price objective on shares of Ollie’s Bargain Outlet from $137.00 to $159.00 and gave the stock an “overweight” rating in a research report on Monday, July 21st. Truist Financial increased 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 report on Thursday, August 28th. Bank of America increased their price objective on shares of Ollie’s Bargain Outlet from $130.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday, August 29th. UBS Group increased their price objective on shares of Ollie’s Bargain Outlet from $125.00 to $140.00 and gave the stock a “neutral” rating in a research report on Friday, August 29th. Finally, Jefferies Financial Group raised their target price on shares of Ollie’s Bargain Outlet from $111.00 to $135.00 and gave the company a “hold” rating in a research report on Friday, August 29th. Nine research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Ollie’s Bargain Outlet presently has an average rating of “Moderate Buy” and a consensus price target of $144.00.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Private Trust Co. NA grew its position in 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. HM Payson & Co. acquired a new stake in Ollie’s Bargain Outlet in the first quarter valued at $30,000. Assetmark Inc. lifted its stake in Ollie’s Bargain Outlet by 44.8% in the second quarter. Assetmark Inc. now owns 265 shares of the company’s stock valued at $35,000 after acquiring an additional 82 shares during the last quarter. Maseco LLP acquired a new stake in Ollie’s Bargain Outlet in the second quarter valued at $36,000. Finally, Brooklyn Investment Group lifted its stake in Ollie’s Bargain Outlet by 133.5% in the first quarter. Brooklyn Investment Group now owns 390 shares of the company’s stock valued at $45,000 after acquiring an additional 223 shares during the last quarter.

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.