Orion Portfolio Solutions LLC Has $448,000 Position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Orion Portfolio Solutions LLC cut its holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 9.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 4,608 shares of the company’s stock after selling 491 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Ollie’s Bargain Outlet were worth $448,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Signaturefd LLC raised its position in Ollie’s Bargain Outlet by 6.4% in the 2nd quarter. Signaturefd LLC now owns 1,727 shares of the company’s stock valued at $170,000 after buying an additional 104 shares during the last quarter. Trust Point Inc. raised its holdings in shares of Ollie’s Bargain Outlet by 1.0% in the third quarter. Trust Point Inc. now owns 13,184 shares of the company’s stock valued at $1,281,000 after purchasing an additional 134 shares during the last quarter. FORA Capital LLC lifted its position in shares of Ollie’s Bargain Outlet by 3.2% in the third quarter. FORA Capital LLC now owns 4,800 shares of the company’s stock worth $467,000 after purchasing an additional 148 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Ollie’s Bargain Outlet by 37.9% during the third quarter. GAMMA Investing LLC now owns 651 shares of the company’s stock worth $63,000 after purchasing an additional 179 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its position in Ollie’s Bargain Outlet by 5.6% in the third quarter. Farther Finance Advisors LLC now owns 3,544 shares of the company’s stock valued at $344,000 after purchasing an additional 188 shares in the last quarter.

Ollie’s Bargain Outlet Stock Performance

Shares of OLLI stock opened at $114.49 on Thursday. Ollie’s Bargain Outlet Holdings, Inc. has a 52 week low of $68.05 and a 52 week high of $118.47. The company has a market capitalization of $7.02 billion, a price-to-earnings ratio of 34.18, a PEG ratio of 2.79 and a beta of 0.85. The company has a 50-day simple moving average of $97.09 and a 200 day simple moving average of $95.87.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings data on Tuesday, December 10th. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. The company had revenue of $517.43 million during the quarter, compared to analysts’ expectations of $518.83 million. Ollie’s Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The business’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.51 earnings per share. Sell-side analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

Insiders Place Their Bets

In related news, CEO John W. Swygert sold 4,032 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $102.51, for a total transaction of $413,320.32. Following the sale, the chief executive officer now owns 48,200 shares of the company’s stock, valued at $4,940,982. This represents a 7.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP James J. Comitale sold 5,325 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $113.95, for a total value of $606,783.75. Following the transaction, the senior vice president now owns 3,140 shares in the company, valued at approximately $357,803. This trade represents a 62.91 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 97,651 shares of company stock worth $10,628,452 in the last 90 days. Company insiders own 0.87% of the company’s stock.

Analysts Set New Price Targets

OLLI has been the topic of several analyst reports. Royal Bank of Canada boosted their price target on shares of Ollie’s Bargain Outlet from $120.00 to $130.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Citigroup raised Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and increased their price target for the company from $64.00 to $133.00 in a research report on Wednesday. Piper Sandler boosted their price target on Ollie’s Bargain Outlet from $107.00 to $126.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. UBS Group increased their price objective on Ollie’s Bargain Outlet from $97.00 to $99.00 and gave the company a “neutral” rating in a report on Friday, August 30th. Finally, StockNews.com downgraded shares of Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a report on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Ollie’s Bargain Outlet has an average rating of “Moderate Buy” and an average price target of $117.85.

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.