James Comitale Sells 1,775 Shares of Ollie’s Bargain Outlet (NASDAQ:OLLI) Stock

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) SVP James Comitale sold 1,775 shares of the firm’s stock in a transaction on Monday, October 20th. The stock was sold at an average price of $125.75, for a total value of $223,206.25. Following the completion of the transaction, the senior vice president directly owned 2,898 shares of the company’s stock, valued at $364,423.50. The trade was a 37.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Ollie’s Bargain Outlet Stock Performance

NASDAQ:OLLI opened at $120.60 on Thursday. The business’s fifty day moving average is $130.24 and its 200 day moving average is $123.92. The firm has a market cap of $7.39 billion, a price-to-earnings ratio of 34.96, a PEG ratio of 2.48 and a beta of 0.42. Ollie’s Bargain Outlet Holdings, Inc. has a 52-week low of $86.88 and a 52-week high of $141.74.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its earnings results 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. Ollie’s Bargain Outlet had a return on equity of 12.66% and a net margin of 8.74%.The business had revenue of $679.56 million during the quarter, compared to analyst estimates of $658.03 million. During the same quarter in the previous year, the firm earned $0.78 EPS. The company’s quarterly 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 predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on OLLI shares. Jefferies Financial Group upped their target price on shares of Ollie’s Bargain Outlet from $111.00 to $135.00 and gave the stock a “hold” rating in a research report on Friday, August 29th. JPMorgan Chase & Co. increased their price target on shares of Ollie’s Bargain Outlet from $137.00 to $159.00 and gave the company an “overweight” rating in a research report on Monday, July 21st. Craig Hallum set a $156.00 target price on Ollie’s Bargain Outlet in a research note on Friday, August 29th. Bank of America raised their price target on 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. Finally, Royal Bank Of Canada lifted their price target on shares of Ollie’s Bargain Outlet from $144.00 to $149.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Nine equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $144.15.

Hedge Funds Weigh In On Ollie’s Bargain Outlet

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Private Trust Co. NA grew its holdings 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 worth $31,000 after purchasing an additional 102 shares during the period. HM Payson & Co. bought a new stake in shares of Ollie’s Bargain Outlet in the 1st quarter worth approximately $30,000. Assetmark Inc. grew its stake 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 buying an additional 82 shares during the last quarter. Maseco LLP bought a new position in Ollie’s Bargain Outlet during the 2nd quarter valued at approximately $36,000. Finally, Brooklyn Investment Group raised its stake in Ollie’s Bargain Outlet by 133.5% during the first quarter. Brooklyn Investment Group now owns 390 shares of the company’s stock valued at $45,000 after buying an additional 223 shares during the last quarter.

Ollie’s Bargain Outlet Company Profile

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.