Prospera Financial Services Inc Decreases Stock Position in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Prospera Financial Services Inc reduced its holdings in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 11.5% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 3,894 shares of the company’s stock after selling 504 shares during the period. Prospera Financial Services Inc’s holdings in Ollie’s Bargain Outlet were worth $513,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in OLLI. New York State Common Retirement Fund lifted its holdings in shares of Ollie’s Bargain Outlet by 2.5% in the first quarter. New York State Common Retirement Fund now owns 63,680 shares of the company’s stock valued at $7,410,000 after purchasing an additional 1,556 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Ollie’s Bargain Outlet by 637.6% during the 1st quarter. Victory Capital Management Inc. now owns 218,548 shares of the company’s stock worth $25,430,000 after purchasing an additional 188,917 shares during the last quarter. Hussman Strategic Advisors Inc. purchased a new stake in Ollie’s Bargain Outlet in the 1st quarter valued at approximately $2,444,000. Diversify Advisory Services LLC lifted its stake in Ollie’s Bargain Outlet by 25.8% in the 1st quarter. Diversify Advisory Services LLC now owns 3,789 shares of the company’s stock valued at $441,000 after buying an additional 776 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky grew its holdings in Ollie’s Bargain Outlet by 38.6% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 24,652 shares of the company’s stock valued at $2,868,000 after buying an additional 6,870 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Morgan Stanley boosted their price target on Ollie’s Bargain Outlet from $118.00 to $145.00 and gave the stock an “equal weight” rating in a report on Friday, August 29th. Truist Financial lifted their price objective on Ollie’s Bargain Outlet from $146.00 to $148.00 and gave the stock a “buy” rating in a research report on Thursday, August 28th. Citigroup restated a “buy” rating on shares of Ollie’s Bargain Outlet in a report on Friday, August 29th. Weiss Ratings reiterated a “buy (b)” rating on shares of Ollie’s Bargain Outlet in a report on Wednesday, October 8th. Finally, Wells Fargo & Company upped 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 research note on Friday, August 29th. Nine equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $144.00.

Insiders Place Their Bets

In other Ollie’s Bargain Outlet news, CFO Robert F. Helm sold 367 shares of the stock in a transaction that occurred on Thursday, October 23rd. The shares were sold at an average price of $120.08, for a total value of $44,069.36. Following the completion of the sale, the chief financial officer owned 3,641 shares of the company’s stock, valued at $437,211.28. This trade represents a 9.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP James J. Comitale sold 1,775 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Monday, October 20th. The shares were sold at an average price of $125.75, for a total transaction of $223,206.25. Following the sale, the senior vice president owned 2,898 shares in the company, valued at $364,423.50. This represents a 37.98% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 128,890 shares of company stock valued at $17,057,659. Company insiders own 0.75% of the company’s stock.

Ollie’s Bargain Outlet Price Performance

NASDAQ OLLI opened at $124.67 on Friday. The company has a market cap of $7.64 billion, a P/E ratio of 36.14, a P/E/G ratio of 2.58 and a beta of 0.41. Ollie’s Bargain Outlet Holdings, Inc. has a 12 month low of $86.88 and a 12 month high of $141.74. The company has a 50-day moving average of $127.64 and a 200-day moving average of $125.68.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings data 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. Ollie’s Bargain Outlet had a net margin of 8.74% and a return on equity of 12.66%. The company had revenue of $679.56 million during the quarter, compared to the consensus estimate of $658.03 million. During the same period in the previous year, the firm earned $0.78 earnings per share. Ollie’s Bargain Outlet’s revenue for the quarter was up 17.5% on a year-over-year basis. Ollie’s Bargain Outlet has set its FY 2025 guidance at 3.760-3.840 EPS. As a group, equities research analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current 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.