Trust Point Inc. Decreases Stock Holdings in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Trust Point Inc. decreased its position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 32.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,297 shares of the company’s stock after selling 2,999 shares during the quarter. Trust Point Inc.’s holdings in Ollie’s Bargain Outlet were worth $830,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC increased its position in shares of Ollie’s Bargain Outlet by 2.7% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 6,833 shares of the company’s stock valued at $894,000 after acquiring an additional 181 shares during the period. Wedmont Private Capital increased its position in shares of Ollie’s Bargain Outlet by 6.4% in the second quarter. Wedmont Private Capital now owns 2,218 shares of the company’s stock valued at $283,000 after acquiring an additional 134 shares during the period. Thrive Wealth Management LLC increased its position in shares of Ollie’s Bargain Outlet by 15.0% in the second quarter. Thrive Wealth Management LLC now owns 2,491 shares of the company’s stock valued at $328,000 after acquiring an additional 324 shares during the period. GK Wealth Management LLC purchased a new position in shares of Ollie’s Bargain Outlet in the second quarter valued at about $206,000. Finally, Voya Investment Management LLC increased its position in shares of Ollie’s Bargain Outlet by 4.2% in the first quarter. Voya Investment Management LLC now owns 8,774 shares of the company’s stock valued at $1,021,000 after acquiring an additional 357 shares during the period.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on OLLI shares. Truist Financial boosted their price objective on shares of Ollie’s Bargain Outlet from $146.00 to $148.00 and gave the company a “buy” rating in a research report on Thursday, August 28th. KeyCorp set a $145.00 price target on shares of Ollie’s Bargain Outlet and gave the stock an “overweight” rating in a research note on Thursday, June 26th. Wall Street Zen raised shares of Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating in a research note on Saturday, September 6th. Wells Fargo & Company increased their price target on shares of Ollie’s Bargain Outlet from $105.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Friday, August 29th. Finally, Piper Sandler increased their price target on shares of Ollie’s Bargain Outlet from $123.00 to $150.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 19th. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $143.46.

Insider Transactions at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, SVP James J. Comitale sold 2,117 shares of Ollie’s Bargain Outlet 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 transaction, the senior vice president owned 2,504 shares in the company, valued at approximately $325,520. The trade was a 45.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.75% of the company’s stock.

Ollie’s Bargain Outlet Stock Performance

Shares of NASDAQ OLLI opened at $138.31 on Friday. Ollie’s Bargain Outlet Holdings, Inc. has a fifty-two week low of $86.88 and a fifty-two week high of $141.74. The company has a 50 day simple moving average of $133.18 and a two-hundred day simple moving average of $120.45. The company has a market capitalization of $8.48 billion, a price-to-earnings ratio of 40.09, a P/E/G ratio of 2.80 and a beta of 0.45.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings data on Thursday, August 28th. The company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.08. The business had revenue of $679.56 million during the quarter, compared to analysts’ expectations of $658.03 million. Ollie’s Bargain Outlet had a return on equity of 12.66% and a net margin of 8.74%.The firm’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same quarter in the previous 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, analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal year.

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.