Cwm LLC Decreases Stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Cwm LLC lessened its stake in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 6.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,582 shares of the company’s stock after selling 407 shares during the quarter. Cwm LLC’s holdings in Ollie’s Bargain Outlet were worth $543,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Goldman Sachs Group Inc. grew its holdings in Ollie’s Bargain Outlet by 41.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 379,158 shares of the company’s stock worth $28,774,000 after acquiring an additional 111,843 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Ollie’s Bargain Outlet by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 5,539,005 shares of the company’s stock worth $420,355,000 after purchasing an additional 43,979 shares during the last quarter. Diversified Trust Co increased its holdings in Ollie’s Bargain Outlet by 23.4% during the 1st quarter. Diversified Trust Co now owns 4,488 shares of the company’s stock valued at $357,000 after purchasing an additional 852 shares during the period. State of Michigan Retirement System raised its position in Ollie’s Bargain Outlet by 2.0% during the 1st quarter. State of Michigan Retirement System now owns 15,103 shares of the company’s stock valued at $1,202,000 after purchasing an additional 300 shares during the last quarter. Finally, Wasatch Advisors LP lifted its holdings in Ollie’s Bargain Outlet by 4.1% in the 1st quarter. Wasatch Advisors LP now owns 3,917,575 shares of the company’s stock worth $311,721,000 after buying an additional 156,095 shares during the period.

Insider Activity at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, President Der Valk Eric Van sold 7,479 shares of Ollie’s Bargain Outlet stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $100.32, for a total value of $750,293.28. Following the completion of the transaction, the president now directly owns 5,615 shares of the company’s stock, valued at approximately $563,296.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Ollie’s Bargain Outlet news, SVP Kevin Mclain sold 15,000 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $98.99, for a total transaction of $1,484,850.00. Following the sale, the senior vice president now directly owns 10,610 shares in the company, valued at approximately $1,050,283.90. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Der Valk Eric Van sold 7,479 shares of Ollie’s Bargain Outlet stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $100.32, for a total value of $750,293.28. Following the completion of the sale, the president now directly owns 5,615 shares of the company’s stock, valued at approximately $563,296.80. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.87% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

OLLI has been the topic of several research analyst reports. StockNews.com raised Ollie’s Bargain Outlet from a “sell” rating to a “hold” rating in a research note on Monday, October 14th. JPMorgan Chase & Co. reduced their price objective on shares of Ollie’s Bargain Outlet from $113.00 to $105.00 and set an “overweight” rating on the stock in a research report on Friday, August 30th. Truist Financial raised their target price on shares of Ollie’s Bargain Outlet from $102.00 to $109.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. UBS Group lifted their target price on shares of Ollie’s Bargain Outlet from $97.00 to $99.00 and gave the company a “neutral” rating in a research note on Friday, August 30th. Finally, Loop Capital reissued a “buy” rating and issued a $110.00 price target on shares of Ollie’s Bargain Outlet in a research note on Friday, September 20th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, Ollie’s Bargain Outlet currently has an average rating of “Moderate Buy” and an average target price of $104.92.

Ollie’s Bargain Outlet Stock Performance

OLLI stock opened at $94.71 on Friday. The firm has a market capitalization of $5.81 billion, a price-to-earnings ratio of 28.88, a PEG ratio of 2.35 and a beta of 0.84. The firm has a 50 day moving average price of $94.99 and a 200-day moving average price of $88.92. Ollie’s Bargain Outlet Holdings, Inc. has a 52-week low of $68.05 and a 52-week high of $104.98.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its earnings results on Thursday, August 29th. The company reported $0.78 EPS for the quarter, hitting the consensus estimate of $0.78. Ollie’s Bargain Outlet had a return on equity of 13.27% and a net margin of 9.19%. The business had revenue of $578.38 million for the quarter, compared to the consensus estimate of $561.60 million. During the same period in the previous year, the company posted $0.67 earnings per share. The company’s revenue for the quarter was up 12.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.28 earnings per share for the current fiscal year.

About Ollie’s Bargain Outlet

Ollie's Bargain Outlet Holdings, Inc operates as a retailer of brand name merchandise in the United States. The company offers housewares, bed and bath, food, floor coverings, health and beauty aids, books and stationery, toys, and electronics; and other products, including hardware, candy, clothing, sporting goods, pet and lawn, and garden products.