Ollie’s Bargain Outlet Holdings, Inc. $OLLI Shares Sold by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. lessened its holdings in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 94.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,448 shares of the company’s stock after selling 244,815 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Ollie’s Bargain Outlet were worth $1,772,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Assetmark Inc. increased its stake in shares of Ollie’s Bargain Outlet by 44.8% during the second quarter. Assetmark Inc. now owns 265 shares of the company’s stock worth $35,000 after buying an additional 82 shares during the period. Maseco LLP acquired a new position in Ollie’s Bargain Outlet in the 2nd quarter valued at $36,000. Brooklyn Investment Group lifted its holdings in shares of Ollie’s Bargain Outlet by 133.5% in the 1st quarter. Brooklyn Investment Group now owns 390 shares of the company’s stock valued at $45,000 after buying an additional 223 shares during the period. Kingswood Wealth Advisors LLC purchased a new position in Ollie’s Bargain Outlet in the 2nd quarter valued at approximately $203,000. Finally, GK Wealth Management LLC acquired a new stake in Ollie’s Bargain Outlet in the 2nd quarter valued at about $206,000.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. KeyCorp increased their price objective on shares of Ollie’s Bargain Outlet from $145.00 to $154.00 and gave the stock an “overweight” rating in a report on Friday, September 19th. Wells Fargo & Company boosted their target price on shares of Ollie’s Bargain Outlet from $105.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Friday, August 29th. Royal Bank Of Canada decreased 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 research note on Friday, October 24th. Truist Financial lifted their price target on shares of Ollie’s Bargain Outlet from $146.00 to $148.00 and gave the stock a “buy” rating in a research note on Thursday, August 28th. Finally, Piper Sandler lifted their price objective on Ollie’s Bargain Outlet from $123.00 to $150.00 and gave the stock an “overweight” rating in a report on Tuesday, August 19th. 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, Ollie’s Bargain Outlet currently has a consensus rating of “Moderate Buy” and an average target price of $145.31.

Ollie’s Bargain Outlet Stock Down 2.8%

Shares of NASDAQ OLLI opened at $120.85 on Tuesday. The stock has a market cap of $7.41 billion, a P/E ratio of 35.03, a P/E/G ratio of 2.54 and a beta of 0.41. The firm’s 50-day simple moving average is $126.46 and its 200 day simple moving average is $126.48. Ollie’s Bargain Outlet Holdings, Inc. has a fifty-two week low of $94.15 and a fifty-two week high of $141.74.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings results on Thursday, August 28th. The company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.08. The company had revenue of $679.56 million during the quarter, compared to the consensus estimate of $658.03 million. Ollie’s Bargain Outlet had a net margin of 8.74% and a return on equity of 12.66%. Ollie’s Bargain Outlet’s revenue was up 17.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.78 EPS. Ollie’s Bargain Outlet has set its FY 2025 guidance at 3.760-3.840 EPS. On average, sell-side analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal year.

Insider Buying and Selling

In related 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 completion of the sale, the senior vice president owned 3,679 shares of the company’s stock, valued at approximately $479,410.49. The trade was a 70.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Der Valk Eric Van sold 4,000 shares of the company’s stock in a transaction on Monday, September 29th. The stock was sold at an average price of $132.27, for a total transaction of $529,080.00. Following the completion of the sale, the chief executive officer owned 7,761 shares of the company’s stock, valued at $1,026,547.47. This represents a 34.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 128,890 shares of company stock valued at $17,057,659. 0.87% of the stock is currently owned by company insiders.

Ollie’s Bargain Outlet Company 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.