King Luther Capital Management Corp Reduces Stock Position in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

King Luther Capital Management Corp reduced its position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 33.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 59,746 shares of the company’s stock after selling 30,707 shares during the period. King Luther Capital Management Corp’s holdings in Ollie’s Bargain Outlet were worth $7,873,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Assetmark Inc. lifted its stake in shares of Ollie’s Bargain Outlet by 44.8% during the 2nd quarter. Assetmark Inc. now owns 265 shares of the company’s stock worth $35,000 after purchasing an additional 82 shares during the period. Maseco LLP purchased a new stake in Ollie’s Bargain Outlet in the 2nd quarter valued at about $36,000. Brooklyn Investment Group lifted its holdings in shares of Ollie’s Bargain Outlet by 133.5% during the 1st quarter. Brooklyn Investment Group now owns 390 shares of the company’s stock worth $45,000 after acquiring an additional 223 shares during the period. Independent Advisor Alliance purchased a new stake in Ollie’s Bargain Outlet in the first quarter valued at approximately $200,000. Finally, Kingswood Wealth Advisors LLC acquired a new position in Ollie’s Bargain Outlet during the second quarter worth approximately $203,000.

Insiders Place Their Bets

In related news, SVP James J. Comitale sold 1,775 shares of Ollie’s Bargain Outlet stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $125.75, for a total value of $223,206.25. Following the sale, the senior vice president directly owned 2,898 shares in the company, valued at $364,423.50. This trade represents a 37.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Der Valk Eric Van sold 4,000 shares of the business’s stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $132.27, for a total transaction of $529,080.00. Following the transaction, the chief executive officer directly owned 7,761 shares of the company’s stock, valued at $1,026,547.47. The trade was a 34.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 128,890 shares of company stock worth $17,057,659. 0.87% of the stock is owned by company insiders.

Ollie’s Bargain Outlet Stock Up 0.6%

Shares of OLLI stock opened at $123.46 on Monday. The company has a market cap of $7.57 billion, a P/E ratio of 35.79, a PEG ratio of 2.52 and a beta of 0.41. The business has a 50 day moving average of $127.96 and a two-hundred day moving average of $125.25. 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 announced its quarterly earnings results on Thursday, August 28th. The company reported $0.99 earnings per share (EPS) 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 business had revenue of $679.56 million for the quarter, compared to the consensus estimate of $658.03 million. During the same quarter last year, the business posted $0.78 EPS. The business’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. Analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on OLLI. Piper Sandler increased their target price on Ollie’s Bargain Outlet from $123.00 to $150.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 19th. Wall Street Zen lowered shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating in a research report on Sunday. Morgan Stanley raised their price objective on Ollie’s Bargain Outlet from $118.00 to $145.00 and gave the company an “equal weight” rating in a research report on Friday, August 29th. UBS Group raised their target price on Ollie’s Bargain Outlet from $125.00 to $140.00 and gave the company a “neutral” rating in a report on Friday, August 29th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Ollie’s Bargain Outlet from $137.00 to $159.00 and gave the company an “overweight” rating in a research note on Monday, July 21st. Nine research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $144.00.

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.