Ollie’s Bargain Outlet Holdings, Inc. $OLLI Position Trimmed by Baldwin Wealth Partners LLC MA

Baldwin Wealth Partners LLC MA lessened its holdings in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 6.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,977 shares of the company’s stock after selling 135 shares during the quarter. Baldwin Wealth Partners LLC MA’s holdings in Ollie’s Bargain Outlet were worth $261,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Belpointe Asset Management LLC grew its stake in Ollie’s Bargain Outlet by 1.3% during the 1st quarter. Belpointe Asset Management LLC now owns 7,001 shares of the company’s stock valued at $815,000 after acquiring an additional 91 shares in the last quarter. Louisiana State Employees Retirement System grew its stake in Ollie’s Bargain Outlet by 0.6% during the 2nd quarter. Louisiana State Employees Retirement System now owns 17,300 shares of the company’s stock valued at $2,280,000 after acquiring an additional 100 shares in the last quarter. Xponance Inc. grew its stake in Ollie’s Bargain Outlet by 1.4% during the 1st quarter. Xponance Inc. now owns 7,231 shares of the company’s stock valued at $841,000 after acquiring an additional 102 shares in the last quarter. Wedmont Private Capital grew its stake in Ollie’s Bargain Outlet by 6.4% during the 2nd quarter. Wedmont Private Capital now owns 2,218 shares of the company’s stock valued at $283,000 after acquiring an additional 134 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in shares of Ollie’s Bargain Outlet by 3.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,565 shares of the company’s stock valued at $531,000 after buying an additional 146 shares in the last quarter.

Insiders Place Their Bets

In other news, SVP James J. Comitale sold 2,117 shares of the company’s stock in a transaction that occurred 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 directly owned 2,504 shares in the company, valued at $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 the SEC website. Also, Chairman John W. Swygert sold 107,058 shares of the company’s stock in a transaction that occurred 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 owned 48,200 shares of the company’s stock, valued at approximately $6,404,334. This trade represents a 68.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 116,334 shares of company stock valued at $15,444,369 in the last three months. 0.75% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on OLLI. KeyCorp boosted their price target on Ollie’s Bargain Outlet from $145.00 to $154.00 and gave the company an “overweight” rating in a research note on Friday, September 19th. Morgan Stanley boosted their price target on Ollie’s Bargain Outlet from $118.00 to $145.00 and gave the company an “equal weight” rating in a research note on Friday, August 29th. Loop Capital cut Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and set a $130.00 price target for the company. in a research note on Tuesday, June 24th. Royal Bank Of Canada boosted their price target on Ollie’s Bargain Outlet from $144.00 to $149.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Finally, JPMorgan Chase & Co. boosted their price target on Ollie’s Bargain Outlet from $137.00 to $159.00 and gave the company an “overweight” rating in a research note on Monday, July 21st. Nine analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $144.15.

Ollie’s Bargain Outlet Stock Down 1.5%

Shares of Ollie’s Bargain Outlet stock opened at $124.60 on Friday. The stock has a market capitalization of $7.64 billion, a P/E ratio of 36.12, a PEG ratio of 2.58 and a beta of 0.42. The stock has a 50 day moving average price of $132.22 and a two-hundred day moving average price of $123.34. Ollie’s Bargain Outlet Holdings, Inc. has a 12-month low of $86.88 and a 12-month high of $141.74.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its 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. The firm 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 company’s revenue was up 17.5% on a year-over-year basis. During the same quarter 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. Sell-side analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share 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.