Inspire Advisors LLC Decreases Position in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Inspire Advisors LLC decreased its holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 10.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,919 shares of the company’s stock after selling 715 shares during the period. Inspire Advisors LLC’s holdings in Ollie’s Bargain Outlet were worth $780,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analysts Set New Price Targets

A number of analysts recently weighed in on OLLI shares. UBS Group upped their target price on shares of 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. Weiss Ratings reiterated a “buy (b)” rating on shares of Ollie’s Bargain Outlet in a report on Wednesday, October 8th. Morgan Stanley raised their price objective on shares of Ollie’s Bargain Outlet from $118.00 to $145.00 and gave the company an “equal weight” rating in a report on Friday, August 29th. Piper Sandler lifted their price objective on shares of 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. Finally, KeyCorp increased their target price on Ollie’s Bargain Outlet from $145.00 to $154.00 and gave the company an “overweight” rating in a report on Friday, September 19th. Nine research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $144.00.

Insider Activity at Ollie’s Bargain Outlet

In other news, CEO Der Valk Eric Van sold 4,000 shares of Ollie’s Bargain Outlet stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $132.27, for a total transaction of $529,080.00. Following the sale, the chief executive officer owned 7,761 shares in the company, valued at approximately $1,026,547.47. The trade was a 34.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman John W. Swygert sold 107,058 shares of the business’s stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $132.87, for a total value of $14,224,796.46. Following the completion of the sale, the chairman directly owned 48,200 shares of the company’s stock, valued at $6,404,334. The trade was a 68.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 128,890 shares of company stock valued at $17,057,659. Corporate insiders own 0.87% of the company’s stock.

Ollie’s Bargain Outlet Trading Down 1.1%

Shares of NASDAQ:OLLI opened at $121.53 on Wednesday. The company has a market capitalization of $7.45 billion, a PE ratio of 35.23, a P/E/G ratio of 2.51 and a beta of 0.41. Ollie’s Bargain Outlet Holdings, Inc. has a twelve month low of $86.88 and a twelve month high of $141.74. The firm has a 50 day simple moving average of $127.32 and a 200-day simple moving average of $126.16.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its earnings results on Thursday, August 28th. The company reported $0.99 EPS for the quarter, beating 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 firm had revenue of $679.56 million for the quarter, compared to the consensus estimate of $658.03 million. During the same period last year, the firm posted $0.78 EPS. 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, equities research analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS 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.