KLP Kapitalforvaltning AS Has $1.73 Million Stake in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

KLP Kapitalforvaltning AS trimmed its holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 14.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,100 shares of the company’s stock after selling 2,300 shares during the period. KLP Kapitalforvaltning AS’s holdings in Ollie’s Bargain Outlet were worth $1,726,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Geneva Capital Management LLC raised its position in Ollie’s Bargain Outlet by 1.1% during the first quarter. Geneva Capital Management LLC now owns 1,049,459 shares of the company’s stock valued at $122,115,000 after purchasing an additional 10,913 shares in the last quarter. Bank of New York Mellon Corp raised its position in Ollie’s Bargain Outlet by 25.5% during the first quarter. Bank of New York Mellon Corp now owns 881,996 shares of the company’s stock valued at $102,629,000 after purchasing an additional 179,452 shares in the last quarter. Wellington Management Group LLP raised 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 valued at $98,301,000 after purchasing an additional 615,257 shares in the last quarter. Ameriprise Financial Inc. raised its position in Ollie’s Bargain Outlet by 130.3% during the first 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 in the last quarter. Finally, Stephens Investment Management Group LLC raised its position in Ollie’s Bargain Outlet by 13.3% during the first quarter. Stephens Investment Management Group LLC now owns 809,282 shares of the company’s stock valued at $94,168,000 after purchasing an additional 95,204 shares in the last quarter.

Ollie’s Bargain Outlet Stock Performance

Shares of NASDAQ:OLLI opened at $124.60 on Monday. The company has a fifty day moving average of $132.22 and a 200-day moving average of $123.52. The company has a market capitalization of $7.64 billion, a PE ratio of 36.12, a price-to-earnings-growth ratio of 2.55 and a beta of 0.42. 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. 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%. The company’s revenue for the quarter was up 17.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.78 earnings per share. Ollie’s Bargain Outlet has set its FY 2025 guidance at 3.760-3.840 EPS. On average, equities analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

Insider Buying and Selling at Ollie’s Bargain Outlet

In related news, CEO Der Valk Eric Van sold 4,000 shares of the business’s stock in a transaction on Monday, September 29th. The shares were sold at an average price of $132.27, for a total value of $529,080.00. Following the sale, the chief executive officer 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP James J. Comitale sold 2,117 shares of the business’s stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $130.00, for a total transaction of $275,210.00. Following the completion of the sale, the senior vice president directly owned 2,504 shares in the company, valued at approximately $325,520. This represents a 45.81% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 116,334 shares of company stock worth $15,444,369. Company insiders own 0.87% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on OLLI. JPMorgan Chase & Co. boosted 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 report on Monday, July 21st. Royal Bank Of Canada boosted their price objective on shares of Ollie’s Bargain Outlet from $144.00 to $149.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Craig Hallum set a $156.00 price objective on shares of Ollie’s Bargain Outlet in a research report on Friday, August 29th. Bank of America boosted their price objective on shares of Ollie’s Bargain Outlet from $130.00 to $145.00 and gave the company a “buy” rating in a research report on Friday, August 29th. Finally, Jefferies Financial Group upped their price target on shares of Ollie’s Bargain Outlet from $111.00 to $135.00 and gave the stock a “hold” rating in a report on Friday, August 29th. Nine investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $144.15.

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.