Greenwood Capital Associates LLC Trims Stock Holdings in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Greenwood Capital Associates LLC cut its position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 11.0% during the second quarter, Holdings Channel reports. The firm owned 4,660 shares of the company’s stock after selling 578 shares during the period. Greenwood Capital Associates LLC’s holdings in Ollie’s Bargain Outlet were worth $614,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of OLLI. HM Payson & Co. purchased a new stake in Ollie’s Bargain Outlet in the first quarter valued at approximately $30,000. City Holding Co. acquired a new stake in Ollie’s Bargain Outlet during the 1st quarter valued at approximately $31,000. Maseco LLP purchased a new position in shares of Ollie’s Bargain Outlet during the second quarter worth $36,000. Opal Wealth Advisors LLC purchased a new position in shares of Ollie’s Bargain Outlet during the first quarter worth $38,000. Finally, Brooklyn Investment Group boosted its stake in shares of Ollie’s Bargain Outlet by 133.5% in 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.

Insider Activity at Ollie’s Bargain Outlet

In other news, Chairman John W. Swygert sold 107,058 shares of the business’s stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $132.87, for a total transaction of $14,224,796.46. Following the transaction, the chairman directly owned 48,200 shares in the company, valued at $6,404,334. The trade was a 68.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Der Valk Eric Van sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $132.27, for a total value of $529,080.00. Following the transaction, the chief executive officer owned 7,761 shares in the company, valued at approximately $1,026,547.47. This represents a 34.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 113,175 shares of company stock valued at $15,029,086. Corporate insiders own 0.75% of the company’s stock.

Wall Street Analysts Forecast Growth

OLLI has been the subject of several recent research reports. Bank of America lifted their target price on shares of Ollie’s Bargain Outlet from $130.00 to $145.00 and gave the company a “buy” rating in a report on Friday, August 29th. KeyCorp upped their price target on Ollie’s Bargain Outlet from $145.00 to $154.00 and gave the stock an “overweight” rating in a report on Friday, September 19th. Citigroup restated a “buy” rating on shares of Ollie’s Bargain Outlet in a research report on Friday, August 29th. Piper Sandler boosted their price objective on Ollie’s Bargain Outlet from $123.00 to $150.00 and gave the company an “overweight” rating in a research report on Tuesday, August 19th. Finally, Morgan Stanley lifted their price target on shares of Ollie’s Bargain Outlet from $118.00 to $145.00 and gave the company an “equal weight” rating in a research note on Friday, August 29th. Nine equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Ollie’s Bargain Outlet presently has an average rating of “Moderate Buy” and an average target price of $144.15.

Ollie’s Bargain Outlet Price Performance

Shares of NASDAQ:OLLI opened at $131.42 on Friday. The business’s 50 day moving average price is $133.46 and its 200-day moving average price is $122.69. The firm has a market capitalization of $8.06 billion, a PE ratio of 38.09, a P/E/G ratio of 2.64 and a beta of 0.42. Ollie’s Bargain Outlet Holdings, Inc. has a 1 year low of $86.88 and a 1 year high of $141.74.

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