Hantz Financial Services Inc. Sells 9,816 Shares of Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Hantz Financial Services Inc. trimmed its holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 10.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 86,919 shares of the company’s stock after selling 9,816 shares during the period. Hantz Financial Services Inc. owned about 0.14% of Ollie’s Bargain Outlet worth $11,454,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in OLLI. HM Payson & Co. bought a new position in shares of Ollie’s Bargain Outlet in the first quarter valued at $30,000. Maseco LLP bought a new position in shares of Ollie’s Bargain Outlet in the second quarter valued at $36,000. Brooklyn Investment Group lifted 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 valued at $45,000 after buying an additional 223 shares in the last quarter. GAMMA Investing LLC lifted its stake 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 buying an additional 520 shares in the last quarter. Finally, Independent Advisor Alliance bought a new position in shares of Ollie’s Bargain Outlet in the first quarter valued at $200,000.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on OLLI. Bank of America raised their price objective on shares of Ollie’s Bargain Outlet from $130.00 to $145.00 and gave the company a “buy” rating in a research note on Friday, August 29th. Royal Bank Of Canada lowered their target price on shares of Ollie’s Bargain Outlet from $149.00 to $147.00 and set an “outperform” rating for the company in a report on Friday, October 24th. UBS Group increased their target price on shares of Ollie’s Bargain Outlet from $125.00 to $140.00 and gave the company a “neutral” rating in a report on Friday, August 29th. Citigroup reiterated a “buy” rating on shares of Ollie’s Bargain Outlet in a report on Friday, August 29th. Finally, Jefferies Financial Group increased 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 report on Friday, August 29th. Nine research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, Ollie’s Bargain Outlet currently has an average rating of “Moderate Buy” and an average price target of $144.00.

Ollie’s Bargain Outlet Price Performance

Shares of OLLI stock opened at $123.52 on Thursday. Ollie’s Bargain Outlet Holdings, Inc. has a one year low of $86.88 and a one year high of $141.74. The firm has a 50-day moving average of $129.06 and a 200-day moving average of $124.59. The company has a market cap of $7.57 billion, a P/E ratio of 35.80, a P/E/G ratio of 2.54 and a beta of 0.42.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings data on Thursday, August 28th. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $679.56 million during the quarter, compared to the consensus estimate of $658.03 million. During the same quarter last year, the company posted $0.78 earnings per share. The firm’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. As a group, research analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal year.

Insider Buying and Selling at Ollie’s Bargain Outlet

In related news, CFO Robert F. Helm sold 367 shares of the firm’s stock in a transaction dated Thursday, October 23rd. The shares were 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 filing with the SEC, which is accessible through this link. Also, SVP Larry Kraus sold 8,921 shares of the firm’s stock in a transaction dated Monday, October 13th. The stock was sold at an average price of $130.31, for a total transaction of $1,162,495.51. Following the sale, the senior vice president owned 3,679 shares of the company’s stock, valued at $479,410.49. This trade represents a 70.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 128,890 shares of company stock valued at $17,057,659 in the last three months. 0.75% of the stock is owned by corporate insiders.

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.