Sequoia Financial Advisors LLC Takes $206,000 Position in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Sequoia Financial Advisors LLC bought a new stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,566 shares of the company’s stock, valued at approximately $206,000.

Several other institutional investors have also modified their holdings of OLLI. HM Payson & Co. acquired a new stake in shares of Ollie’s Bargain Outlet in the first quarter valued at about $30,000. Maseco LLP acquired a new stake in shares of Ollie’s Bargain Outlet in the second quarter valued at about $36,000. Brooklyn Investment Group grew its position 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 valued at $45,000 after purchasing an additional 223 shares during the period. Blue Trust Inc. grew its position in shares of Ollie’s Bargain Outlet by 77.5% in the first quarter. Blue Trust Inc. now owns 504 shares of the company’s stock valued at $59,000 after purchasing an additional 220 shares during the period. Finally, GAMMA Investing LLC grew its position in shares of Ollie’s Bargain Outlet by 58.8% in the first quarter. GAMMA Investing LLC now owns 1,405 shares of the company’s stock valued at $163,000 after purchasing an additional 520 shares during the period.

Analyst Ratings Changes

A number of research firms recently weighed in on OLLI. Jefferies Financial Group boosted their price target 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. Citigroup restated a “buy” rating on shares of Ollie’s Bargain Outlet in a research report on Friday, August 29th. Wells Fargo & Company boosted their price target on shares of Ollie’s Bargain Outlet from $105.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Friday, August 29th. UBS Group boosted their price target 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, Wall Street Zen lowered shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating in a research report on Friday, September 26th. 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 a consensus rating of “Moderate Buy” and a consensus price target of $144.15.

Insider Buying and Selling

In other news, CFO Robert F. Helm sold 1,493 shares of the business’s stock in a transaction that occurred on Friday, October 17th. The shares were sold at an average price of $122.92, for a total value of $183,519.56. Following the sale, the chief financial officer directly owned 4,008 shares of the company’s stock, valued at approximately $492,663.36. The trade was a 27.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Larry Kraus sold 8,921 shares of the business’s stock in a transaction that occurred on Monday, October 13th. The shares were sold at an average price of $130.31, for a total transaction of $1,162,495.51. Following the completion of the sale, the senior vice president directly owned 3,679 shares in the company, valued at $479,410.49. This trade represents a 70.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 128,523 shares of company stock worth $17,013,590 over the last ninety days. 0.75% of the stock is currently owned by insiders.

Ollie’s Bargain Outlet Price Performance

NASDAQ:OLLI opened at $121.18 on Friday. The firm has a market capitalization of $7.43 billion, a price-to-earnings ratio of 35.12, a PEG ratio of 2.46 and a beta of 0.42. The company’s 50-day moving average is $130.03 and its two-hundred day moving average is $124.01. 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 posted its earnings results on Thursday, August 28th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate 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 net margin of 8.74% and a return on equity of 12.66%. Ollie’s Bargain Outlet’s revenue was up 17.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.78 EPS. Ollie’s Bargain Outlet has set its FY 2025 guidance at 3.760-3.840 EPS. As a group, equities analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal year.

Ollie’s Bargain Outlet 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.