Primecap Management Co. CA Buys 19,340 Shares of Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Primecap Management Co. CA increased its stake in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 4.1% during the second quarter, HoldingsChannel.com reports. The fund owned 488,600 shares of the company’s stock after purchasing an additional 19,340 shares during the period. Primecap Management Co. CA’s holdings in Ollie’s Bargain Outlet were worth $64,388,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its position in Ollie’s Bargain Outlet by 0.4% during the second quarter. Geode Capital Management LLC now owns 1,140,234 shares of the company’s stock worth $150,284,000 after purchasing an additional 5,000 shares during the period. Geneva Capital Management LLC boosted its position 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 acquiring an additional 79,627 shares during the period. Wellington Management Group LLP increased its position in Ollie’s Bargain Outlet by 268.0% during the first quarter. Wellington Management Group LLP now owns 844,799 shares of the company’s stock worth $98,301,000 after acquiring an additional 615,257 shares during the period. Ameriprise Financial Inc. raised its stake in Ollie’s Bargain Outlet by 130.3% during the 1st quarter. Ameriprise Financial Inc. now owns 828,743 shares of the company’s stock valued at $96,428,000 after purchasing an additional 468,944 shares during the last quarter. Finally, Stephens Investment Management Group LLC raised its stake in Ollie’s Bargain Outlet by 0.8% during the 2nd quarter. Stephens Investment Management Group LLC now owns 816,087 shares of the company’s stock valued at $107,544,000 after purchasing an additional 6,805 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on OLLI. Citigroup reaffirmed a “buy” rating on shares of Ollie’s Bargain Outlet in a report on Friday, August 29th. Royal Bank Of Canada lowered their price objective on shares of Ollie’s Bargain Outlet from $149.00 to $147.00 and set an “outperform” rating on the stock in a report on Friday, October 24th. Wall Street Zen cut Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating in a research report on Sunday, November 9th. KeyCorp boosted their price target on Ollie’s Bargain Outlet from $145.00 to $154.00 and gave the stock an “overweight” rating in a research report on Friday, September 19th. Finally, Morgan Stanley boosted their price target on Ollie’s Bargain Outlet from $118.00 to $145.00 and gave the company an “equal weight” rating in a research note on Friday, August 29th. Nine equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $144.00.

Ollie’s Bargain Outlet Price Performance

Shares of OLLI stock opened at $119.68 on Thursday. The firm has a 50-day moving average of $127.12 and a 200-day moving average of $126.11. Ollie’s Bargain Outlet Holdings, Inc. has a one year low of $86.88 and a one year high of $141.74. The company has a market cap of $7.34 billion, a P/E ratio of 34.69, a P/E/G ratio of 2.48 and a beta of 0.41.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its earnings results on Thursday, August 28th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.08. The company had revenue of $679.56 million during the quarter, compared to analyst estimates of $658.03 million. Ollie’s Bargain Outlet had a return on equity of 12.66% and a net margin of 8.74%.Ollie’s Bargain Outlet’s quarterly revenue was up 17.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.78 earnings per share. 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 Transactions at Ollie’s Bargain Outlet

In other news, CFO Robert F. Helm sold 1,493 shares of Ollie’s Bargain Outlet stock in a transaction dated Friday, October 17th. The shares were sold at an average price of $122.92, for a total value of $183,519.56. Following the completion of the transaction, the chief financial officer owned 4,008 shares in the company, valued at $492,663.36. This trade represents a 27.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Larry Kraus sold 8,921 shares of the company’s stock in a transaction that occurred on Monday, October 13th. The shares were 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 in the company, valued at $479,410.49. The trade was a 70.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 128,890 shares of company stock worth $17,057,659. Company insiders own 0.75% of the company’s stock.

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.