Farther Finance Advisors LLC Acquires 703 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Farther Finance Advisors LLC increased its holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 26.5% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 3,356 shares of the company’s stock after purchasing an additional 703 shares during the quarter. Farther Finance Advisors LLC’s holdings in Ollie’s Bargain Outlet were worth $330,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Signaturefd LLC raised its stake in Ollie’s Bargain Outlet by 6.4% in the second quarter. Signaturefd LLC now owns 1,727 shares of the company’s stock worth $170,000 after buying an additional 104 shares in the last quarter. Vista Investment Partners LLC raised its stake in Ollie’s Bargain Outlet by 1.8% in the first quarter. Vista Investment Partners LLC now owns 11,087 shares of the company’s stock worth $882,000 after buying an additional 191 shares in the last quarter. Venturi Wealth Management LLC raised its stake in Ollie’s Bargain Outlet by 194.3% in the first quarter. Venturi Wealth Management LLC now owns 309 shares of the company’s stock worth $25,000 after buying an additional 204 shares in the last quarter. KLR Investment Advisors LLC increased its position in shares of Ollie’s Bargain Outlet by 5.7% during the fourth quarter. KLR Investment Advisors LLC now owns 4,352 shares of the company’s stock worth $330,000 after purchasing an additional 236 shares in the last quarter. Finally, Bridge City Capital LLC increased its position in shares of Ollie’s Bargain Outlet by 0.8% during the first quarter. Bridge City Capital LLC now owns 31,301 shares of the company’s stock worth $2,491,000 after purchasing an additional 240 shares in the last quarter.

Wall Street Analyst Weigh In

OLLI has been the topic of a number of recent analyst reports. Craig Hallum upped their price target on Ollie’s Bargain Outlet from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Thursday, June 6th. JPMorgan Chase & Co. reduced their price target on 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. StockNews.com downgraded Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research report on Friday, August 30th. Royal Bank of Canada reduced their price target on Ollie’s Bargain Outlet from $101.00 to $100.00 and set an “outperform” rating on the stock in a research report on Friday, August 30th. Finally, UBS Group upped their target price on Ollie’s Bargain Outlet from $97.00 to $99.00 and gave the company a “neutral” rating in a research report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, Ollie’s Bargain Outlet has a consensus rating of “Moderate Buy” and an average target price of $103.33.

Ollie’s Bargain Outlet Stock Down 0.3 %

OLLI stock opened at $88.75 on Thursday. The company’s 50-day simple moving average is $96.19 and its 200-day simple moving average is $84.84. Ollie’s Bargain Outlet Holdings, Inc. has a 52-week low of $68.05 and a 52-week high of $104.98. The firm has a market cap of $5.44 billion, a P/E ratio of 28.00, a PEG ratio of 2.43 and a beta of 0.84.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its earnings results on Thursday, August 29th. The company reported $0.78 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.78. Ollie’s Bargain Outlet had a net margin of 9.19% and a return on equity of 13.27%. The business had revenue of $578.38 million for the quarter, compared to analyst estimates of $561.60 million. During the same period in the prior year, the company posted $0.67 EPS. The company’s revenue for the quarter was up 12.4% on a year-over-year basis. On average, analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.27 earnings per share for the current fiscal year.

Insider Activity at Ollie’s Bargain Outlet

In related news, Director Thomas Hendrickson sold 4,500 shares of the firm’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $97.54, for a total value of $438,930.00. Following the transaction, the director now directly owns 5,659 shares of the company’s stock, valued at approximately $551,978.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Thomas Hendrickson sold 4,500 shares of the firm’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $97.54, for a total value of $438,930.00. Following the transaction, the director now directly owns 5,659 shares of the company’s stock, valued at approximately $551,978.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP James J. Comitale sold 2,153 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $104.17, for a total transaction of $224,278.01. Following the completion of the transaction, the senior vice president now directly owns 2,732 shares in the company, valued at $284,592.44. The disclosure for this sale can be found here. 0.87% of the stock is currently owned by corporate insiders.

Ollie’s Bargain Outlet Company Profile

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.