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

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) CFO Robert Helm sold 367 shares of the business’s stock in a transaction on Thursday, October 23rd. The stock was sold at an average price of $120.08, for a total value of $44,069.36. Following the completion of the transaction, the chief financial officer owned 3,641 shares of the company’s stock, valued at $437,211.28. This represents a 9.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Ollie’s Bargain Outlet Price Performance

OLLI stock opened at $124.21 on Tuesday. Ollie’s Bargain Outlet Holdings, Inc. has a 1-year low of $86.88 and a 1-year high of $141.74. The business has a fifty day moving average price of $129.51 and a 200-day moving average price of $124.45. The stock has a market capitalization of $7.62 billion, a P/E ratio of 36.00, a P/E/G ratio of 2.39 and a beta of 0.42.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings results on Thursday, August 28th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $679.56 million during the quarter, compared to analysts’ expectations of $658.03 million. During the same quarter in the previous year, the business earned $0.78 earnings per share. The company’s revenue was up 17.5% on a year-over-year basis. Ollie’s Bargain Outlet has set its FY 2025 guidance at 3.760-3.840 EPS. As a group, analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on OLLI. UBS Group boosted their price target on Ollie’s Bargain Outlet from $125.00 to $140.00 and gave the stock a “neutral” rating in a research note on Friday, August 29th. Craig Hallum set a $156.00 price target on Ollie’s Bargain Outlet in a research note on Friday, August 29th. Bank of America boosted 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. Weiss Ratings reiterated a “buy (b)” rating on shares of Ollie’s Bargain Outlet in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. upped their price objective on 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. Nine investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $144.00.

Institutional Trading of Ollie’s Bargain Outlet

A number of hedge funds have recently bought and sold shares of the company. Assetmark Inc. raised its position in Ollie’s Bargain Outlet by 44.8% during the 2nd quarter. Assetmark Inc. now owns 265 shares of the company’s stock valued at $35,000 after purchasing an additional 82 shares in the last quarter. Blue Barn Wealth LLC raised its position in Ollie’s Bargain Outlet by 2.8% during the 2nd quarter. Blue Barn Wealth LLC now owns 3,114 shares of the company’s stock valued at $410,000 after purchasing an additional 86 shares in the last quarter. MAI Capital Management raised its position in Ollie’s Bargain Outlet by 28.5% during the 2nd quarter. MAI Capital Management now owns 397 shares of the company’s stock valued at $52,000 after purchasing an additional 88 shares in the last quarter. Campbell Newman Asset Management Inc. raised its position in Ollie’s Bargain Outlet by 0.4% during the 3rd quarter. Campbell Newman Asset Management Inc. now owns 20,850 shares of the company’s stock valued at $2,677,000 after purchasing an additional 90 shares in the last quarter. Finally, Belpointe Asset Management LLC raised its position in Ollie’s Bargain Outlet by 1.3% during the 1st quarter. Belpointe Asset Management LLC now owns 7,001 shares of the company’s stock valued at $815,000 after purchasing an additional 91 shares in 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.