Legacy Wealth Asset Management LLC Purchases 214 Shares of Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Legacy Wealth Asset Management LLC lifted its position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 7.2% in the 2nd quarter, Holdings Channel.com reports. The fund owned 3,193 shares of the company’s stock after acquiring an additional 214 shares during the period. Legacy Wealth Asset Management LLC’s holdings in Ollie’s Bargain Outlet were worth $421,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. HM Payson & Co. bought a new stake in Ollie’s Bargain Outlet during the 1st quarter valued at about $30,000. Maseco LLP bought a new stake in Ollie’s Bargain Outlet during the 2nd quarter valued at about $36,000. Brooklyn Investment Group lifted its holdings in Ollie’s Bargain Outlet by 133.5% during 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 in the last quarter. Blue Trust Inc. lifted its holdings in Ollie’s Bargain Outlet by 77.5% during the 1st quarter. Blue Trust Inc. now owns 504 shares of the company’s stock valued at $59,000 after buying an additional 220 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Ollie’s Bargain Outlet by 58.8% during the 1st quarter. GAMMA Investing LLC now owns 1,405 shares of the company’s stock valued at $163,000 after buying an additional 520 shares in the last quarter.

Ollie’s Bargain Outlet Stock Performance

NASDAQ OLLI opened at $121.38 on Wednesday. The company has a market capitalization of $7.44 billion, a price-to-earnings ratio of 35.18, a price-to-earnings-growth ratio of 2.47 and a beta of 0.42. The company’s 50-day simple moving average is $130.54 and its two-hundred day simple moving average is $123.94. Ollie’s Bargain Outlet Holdings, Inc. has a one year low of $86.88 and a one year high of $141.74.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its earnings results on Thursday, August 28th. The company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.08. The business had revenue of $679.56 million for 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% on a year-over-year basis. During the same quarter last year, the firm posted $0.78 EPS. Ollie’s Bargain Outlet has set its FY 2025 guidance at 3.760-3.840 EPS. Equities 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, SVP Larry Kraus sold 8,921 shares of Ollie’s Bargain Outlet stock in a transaction that occurred 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 transaction, the senior vice president owned 3,679 shares of the company’s stock, valued at $479,410.49. The trade was a 70.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Der Valk Eric Van sold 4,000 shares of Ollie’s Bargain Outlet stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 7,761 shares in the company, valued at approximately $1,026,547.47. The trade was a 34.01% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 128,523 shares of company stock worth $17,013,590. 0.87% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on OLLI. Citigroup reiterated a “buy” rating on shares of Ollie’s Bargain Outlet in a report on Friday, August 29th. Bank of America lifted 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 report on Friday, August 29th. Wells Fargo & Company lifted their price objective on shares of Ollie’s Bargain Outlet from $105.00 to $130.00 and gave the company an “equal weight” rating in a report on Friday, August 29th. Truist Financial lifted 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 report on Thursday, August 28th. Finally, Craig Hallum set a $156.00 target price on shares of Ollie’s Bargain Outlet in a research report on Friday, August 29th. Nine equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $144.15.

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.