Whittier Trust Co. of Nevada Inc. Raises Stock Holdings in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Whittier Trust Co. of Nevada Inc. raised its position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 3.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,558 shares of the company’s stock after acquiring an additional 1,917 shares during the period. Whittier Trust Co. of Nevada Inc. owned approximately 0.10% of Ollie’s Bargain Outlet worth $7,980,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Whittier Trust Co. raised its holdings in shares of Ollie’s Bargain Outlet by 2.7% during the 2nd quarter. Whittier Trust Co. now owns 116,314 shares of the company’s stock worth $15,328,000 after acquiring an additional 3,006 shares in the last quarter. Mutual of America Capital Management LLC lifted its stake in shares of Ollie’s Bargain Outlet by 1.3% in the 2nd quarter. Mutual of America Capital Management LLC now owns 72,100 shares of the company’s stock valued at $9,501,000 after purchasing an additional 909 shares during the last quarter. Cottonwood Capital Advisors LLC bought a new stake in shares of Ollie’s Bargain Outlet in the 2nd quarter valued at approximately $226,000. Curated Wealth Partners LLC lifted its stake in shares of Ollie’s Bargain Outlet by 8.3% in the 2nd quarter. Curated Wealth Partners LLC now owns 2,123 shares of the company’s stock valued at $280,000 after purchasing an additional 162 shares during the last quarter. Finally, Sequoia Financial Advisors LLC bought a new stake in shares of Ollie’s Bargain Outlet in the 2nd quarter valued at approximately $206,000.

Insider Buying and Selling

In other news, Chairman John W. Swygert sold 107,058 shares of Ollie’s Bargain Outlet stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $132.87, for a total value of $14,224,796.46. Following the transaction, the chairman directly owned 48,200 shares in the company, valued at approximately $6,404,334. This trade represents a 68.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP James J. Comitale sold 2,117 shares of Ollie’s Bargain Outlet stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $130.00, for a total value of $275,210.00. Following the completion of the transaction, the senior vice president owned 2,504 shares in the company, valued at $325,520. This represents a 45.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 125,255 shares of company stock valued at $16,606,864. 0.87% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Citigroup reaffirmed a “buy” rating on shares of Ollie’s Bargain Outlet in a research note on Friday, August 29th. Truist Financial raised their price objective on Ollie’s Bargain Outlet from $146.00 to $148.00 and gave the company a “buy” rating in a research note on Thursday, August 28th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ollie’s Bargain Outlet in a research note on Wednesday, October 8th. Loop Capital lowered Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and set a $130.00 price objective for the company. in a research note on Tuesday, June 24th. Finally, Bank of America raised their price objective on Ollie’s Bargain Outlet from $130.00 to $145.00 and gave the company a “buy” rating in a research note on Friday, August 29th. Nine investment 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 an average rating of “Moderate Buy” and an average price target of $144.15.

Ollie’s Bargain Outlet Stock Performance

Shares of OLLI stock opened at $120.81 on Tuesday. Ollie’s Bargain Outlet Holdings, Inc. has a 52-week low of $86.88 and a 52-week high of $141.74. The firm has a market capitalization of $7.41 billion, a P/E ratio of 35.02, a P/E/G ratio of 2.55 and a beta of 0.42. The stock has a 50 day moving average price of $130.77 and a 200 day moving average price of $123.96.

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

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.