Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Shares Acquired by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC increased its stake in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 6.1% in the 2nd quarter, Holdings Channel.com reports. The firm owned 7,574 shares of the company’s stock after purchasing an additional 433 shares during the period. Commonwealth Equity Services LLC’s holdings in Ollie’s Bargain Outlet were worth $744,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. International Assets Investment Management LLC acquired a new stake in shares of Ollie’s Bargain Outlet in the 2nd quarter worth approximately $25,000. ORG Partners LLC acquired a new stake in Ollie’s Bargain Outlet in the first quarter valued at $28,000. Opal Wealth Advisors LLC purchased a new position in shares of Ollie’s Bargain Outlet in the second quarter valued at $31,000. Crewe Advisors LLC acquired a new position in shares of Ollie’s Bargain Outlet during the 2nd quarter worth $36,000. Finally, Versant Capital Management Inc purchased a new stake in shares of Ollie’s Bargain Outlet in the 2nd quarter worth about $38,000.

Ollie’s Bargain Outlet Stock Down 0.9 %

Shares of NASDAQ:OLLI opened at $98.13 on Thursday. The company’s fifty day moving average is $95.55 and its two-hundred day moving average is $85.79. The company has a market cap of $6.02 billion, a P/E ratio of 31.23, a price-to-earnings-growth ratio of 2.45 and a beta of 0.84. Ollie’s Bargain Outlet Holdings, Inc. has a 12-month low of $68.05 and a 12-month high of $104.98.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings data on Thursday, August 29th. The company reported $0.78 EPS for the quarter, meeting analysts’ consensus estimates of $0.78. Ollie’s Bargain Outlet had a net margin of 9.19% and a return on equity of 13.27%. The firm 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 firm posted $0.67 earnings per share. The firm’s revenue was up 12.4% on a year-over-year basis. Equities research analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.28 earnings per share for the current year.

Analyst Ratings Changes

OLLI has been the topic of several research reports. Loop Capital raised their price objective on shares of Ollie’s Bargain Outlet from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Monday, June 24th. Wells Fargo & Company raised their price target on Ollie’s Bargain Outlet from $85.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, June 6th. Morgan Stanley upped their price objective on Ollie’s Bargain Outlet from $80.00 to $92.00 and gave the company an “equal weight” rating in a research report on Thursday, June 6th. Craig Hallum boosted their target price on shares of Ollie’s Bargain Outlet from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday, June 6th. Finally, Truist Financial upped their target price on shares of Ollie’s Bargain Outlet from $102.00 to $109.00 and gave the company a “buy” rating in a report on Friday, July 12th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $103.33.

Insider Transactions at Ollie’s Bargain Outlet

In related news, SVP Kevin Mclain sold 15,000 shares of Ollie’s Bargain Outlet 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 completion of the sale, the senior vice president now owns 10,610 shares of the company’s stock, valued at $1,050,283.90. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Thomas Hendrickson sold 4,500 shares of the stock in a transaction on Friday, June 21st. The shares were sold at an average price of $97.54, for a total transaction of $438,930.00. Following the transaction, the director now owns 5,659 shares in the company, valued at approximately $551,978.86. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Kevin Mclain sold 15,000 shares of Ollie’s Bargain Outlet stock in a transaction on Monday, September 16th. The shares were sold at an average price of $98.99, for a total transaction of $1,484,850.00. Following the completion of the sale, the senior vice president now directly owns 10,610 shares of the company’s stock, valued at approximately $1,050,283.90. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 21,653 shares of company stock valued at $2,148,058. 0.87% of the stock is owned by 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.