3,009 Shares in Ollie’s Bargain Outlet Holdings, Inc. $OLLI Purchased by Fox Run Management L.L.C.

Fox Run Management L.L.C. acquired a new stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,009 shares of the company’s stock, valued at approximately $397,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in OLLI. Geneva Capital Management LLC lifted its holdings in shares of Ollie’s Bargain Outlet by 7.6% in the second quarter. Geneva Capital Management LLC now owns 1,129,086 shares of the company’s stock valued at $148,791,000 after purchasing an additional 79,627 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Ollie’s Bargain Outlet by 268.0% during the 1st quarter. Wellington Management Group LLP now owns 844,799 shares of the company’s stock worth $98,301,000 after purchasing an additional 615,257 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in Ollie’s Bargain Outlet by 130.3% in the 1st quarter. Ameriprise Financial Inc. now owns 828,743 shares of the company’s stock valued at $96,428,000 after buying an additional 468,944 shares in the last quarter. Stephens Investment Management Group LLC lifted its stake in Ollie’s Bargain Outlet by 0.8% in the 2nd quarter. Stephens Investment Management Group LLC now owns 816,087 shares of the company’s stock valued at $107,544,000 after buying an additional 6,805 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in Ollie’s Bargain Outlet by 15.6% during the 1st quarter. American Century Companies Inc. now owns 525,076 shares of the company’s stock valued at $61,098,000 after buying an additional 70,748 shares during the last quarter.

Ollie’s Bargain Outlet Trading Up 1.3%

NASDAQ OLLI opened at $128.62 on Thursday. The business’s 50-day moving average price is $127.97 and its 200 day moving average price is $125.56. Ollie’s Bargain Outlet Holdings, Inc. has a twelve month low of $86.88 and a twelve month high of $141.74. The company has a market capitalization of $7.89 billion, a PE ratio of 37.28, a price-to-earnings-growth ratio of 2.59 and a beta of 0.41.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings results on Thursday, August 28th. The company reported $0.99 EPS for the quarter, beating 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 company 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 EPS. The firm’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. Equities analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on OLLI shares. Royal Bank Of Canada cut their price target on 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. JPMorgan Chase & Co. lifted their price objective on Ollie’s Bargain Outlet from $137.00 to $159.00 and gave the stock an “overweight” rating in a research report on Monday, July 21st. Piper Sandler upped their target price on shares of Ollie’s Bargain Outlet from $123.00 to $150.00 and gave the company an “overweight” rating in a report on Tuesday, August 19th. Wall Street Zen cut shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating in a research note on Sunday. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Ollie’s Bargain Outlet in a research report on Wednesday, October 8th. 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, the company currently has an average rating of “Moderate Buy” and a consensus target price of $144.00.

Insider Transactions at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, SVP Larry Kraus sold 8,921 shares of Ollie’s Bargain Outlet stock in a transaction on Monday, October 13th. The shares were sold at an average price of $130.31, for a total value of $1,162,495.51. Following the transaction, the senior vice president owned 3,679 shares in the company, valued at $479,410.49. This trade represents a 70.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Robert F. Helm sold 367 shares of the business’s stock in a transaction on Thursday, October 23rd. The shares were sold at an average price of $120.08, for a total transaction of $44,069.36. Following the sale, the chief financial officer directly owned 3,641 shares of the company’s stock, valued at $437,211.28. This represents a 9.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 128,890 shares of company stock valued at $17,057,659 in the last quarter. Insiders own 0.75% of the company’s stock.

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.