Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Shares Sold by American International Group Inc.

American International Group Inc. cut its position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 4.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 83,520 shares of the company’s stock after selling 3,723 shares during the quarter. American International Group Inc. owned 0.14% of Ollie’s Bargain Outlet worth $6,338,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Operose Advisors LLC purchased a new position in Ollie’s Bargain Outlet during the third quarter worth $26,000. Partnership Wealth Management LLC purchased a new position in Ollie’s Bargain Outlet during the fourth quarter worth $68,000. CWM LLC increased its position in Ollie’s Bargain Outlet by 25.8% during the fourth quarter. CWM LLC now owns 1,741 shares of the company’s stock worth $132,000 after buying an additional 357 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new position in Ollie’s Bargain Outlet during the third quarter worth $181,000. Finally, Shelton Capital Management purchased a new position in Ollie’s Bargain Outlet during the third quarter worth $205,000.

Ollie’s Bargain Outlet Trading Down 0.3 %

OLLI stock opened at $97.73 on Friday. The stock has a 50-day moving average price of $78.98 and a two-hundred day moving average price of $76.23. Ollie’s Bargain Outlet Holdings, Inc. has a 12-month low of $57.31 and a 12-month high of $100.44. The company has a market cap of $5.98 billion, a PE ratio of 30.83, a price-to-earnings-growth ratio of 2.62 and a beta of 0.82.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings results on Wednesday, June 5th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.08. Ollie’s Bargain Outlet had a return on equity of 13.22% and a net margin of 9.14%. The firm had revenue of $508.82 million during the quarter, compared to the consensus estimate of $506.49 million. During the same quarter in the previous year, the business earned $0.49 earnings per share. The firm’s quarterly revenue was up 10.8% compared to the same quarter last year. Equities analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.31 EPS for the current fiscal year.

Insiders Place Their Bets

In other Ollie’s Bargain Outlet news, CEO John W. Swygert sold 11,756 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $75.22, for a total transaction of $884,286.32. Following the transaction, the chief executive officer now owns 48,200 shares in the company, valued at $3,625,604. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Ollie’s Bargain Outlet news, President Der Valk Eric Van sold 1,438 shares of the business’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $90.00, for a total transaction of $129,420.00. Following the transaction, the president now owns 4,158 shares in the company, valued at $374,220. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO John W. Swygert sold 11,756 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $75.22, for a total value of $884,286.32. Following the transaction, the chief executive officer now owns 48,200 shares in the company, valued at approximately $3,625,604. The disclosure for this sale can be found here. Insiders have sold a total of 50,055 shares of company stock worth $4,083,045 over the last quarter. 0.87% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on OLLI. The Goldman Sachs Group raised their price target on Ollie’s Bargain Outlet from $91.00 to $104.00 and gave the stock a “buy” rating in a research report on Thursday, March 21st. UBS Group raised their price target on Ollie’s Bargain Outlet from $95.00 to $97.00 and gave the stock a “neutral” rating in a research report on Thursday, June 6th. Royal Bank of Canada lifted their price objective on Ollie’s Bargain Outlet from $86.00 to $101.00 and gave the company an “outperform” rating in a research report on Thursday, June 6th. Wells Fargo & Company lifted their price objective on Ollie’s Bargain Outlet from $85.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday, June 6th. Finally, Craig Hallum lifted their price objective on Ollie’s Bargain Outlet from $100.00 to $105.00 and gave the company a “buy” rating in a research report on Thursday, June 6th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, Ollie’s Bargain Outlet has a consensus rating of “Moderate Buy” and an average target price of $100.09.

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.