Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Stock Holdings Decreased by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lessened its position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 11.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,916 shares of the company’s stock after selling 1,186 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Ollie’s Bargain Outlet were worth $677,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Treasurer of the State of North Carolina increased its position in Ollie’s Bargain Outlet by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 27,065 shares of the company’s stock worth $2,089,000 after purchasing an additional 140 shares during the last quarter. Alliance Wealth Advisors LLC UT lifted its position in Ollie’s Bargain Outlet by 3.4% during the 4th quarter. Alliance Wealth Advisors LLC UT now owns 4,410 shares of the company’s stock worth $335,000 after acquiring an additional 144 shares during the last quarter. Diversified Trust Co boosted its holdings in Ollie’s Bargain Outlet by 4.8% during the fourth quarter. Diversified Trust Co now owns 3,636 shares of the company’s stock valued at $276,000 after acquiring an additional 168 shares during the period. KLR Investment Advisors LLC grew its position in shares of Ollie’s Bargain Outlet by 5.7% in the fourth quarter. KLR Investment Advisors LLC now owns 4,352 shares of the company’s stock valued at $330,000 after purchasing an additional 236 shares during the last quarter. Finally, New York State Teachers Retirement System increased its stake in shares of Ollie’s Bargain Outlet by 0.5% in the fourth quarter. New York State Teachers Retirement System now owns 59,747 shares of the company’s stock worth $4,534,000 after purchasing an additional 300 shares during the period.

Ollie’s Bargain Outlet Stock Up 0.6 %

NASDAQ:OLLI opened at $98.41 on Wednesday. The firm has a market capitalization of $6.02 billion, a P/E ratio of 31.04, a P/E/G ratio of 2.67 and a beta of 0.82. Ollie’s Bargain Outlet Holdings, Inc. has a 12-month low of $57.31 and a 12-month high of $100.44. The stock’s fifty day simple moving average is $80.55 and its 200-day simple moving average is $76.74.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings data on Wednesday, June 5th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.08. The business had revenue of $508.82 million for the quarter, compared to analyst estimates of $506.49 million. Ollie’s Bargain Outlet had a net margin of 9.14% and a return on equity of 13.22%. Ollie’s Bargain Outlet’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.49 EPS. As a group, equities research analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.27 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Morgan Stanley raised their target price on Ollie’s Bargain Outlet from $80.00 to $92.00 and gave the company an “equal weight” rating in a report on Thursday, June 6th. UBS Group boosted their price objective on shares of Ollie’s Bargain Outlet from $95.00 to $97.00 and gave the stock a “neutral” rating in a report on Thursday, June 6th. Bank of America raised their price objective on Ollie’s Bargain Outlet from $92.00 to $102.00 and gave the stock a “buy” rating in a research report on Thursday, June 6th. JPMorgan Chase & Co. upgraded Ollie’s Bargain Outlet from a “neutral” rating to an “overweight” rating and set a $105.00 price objective on the stock in a research report on Monday, June 17th. Finally, Wells Fargo & Company increased their price target on shares of Ollie’s Bargain Outlet from $85.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, June 6th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $101.50.

Insider Buying and Selling

In other Ollie’s Bargain Outlet news, President Der Valk Eric Van sold 1,438 shares of the stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $90.00, for a total value of $129,420.00. Following the completion of the sale, the president now directly owns 4,158 shares in the company, valued at $374,220. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Thomas Hendrickson sold 5,000 shares of the company’s stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $72.29, for a total value of $361,450.00. Following the completion of the transaction, the director now directly owns 5,659 shares of the company’s stock, valued at approximately $409,089.11. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, President Der Valk Eric Van sold 1,438 shares of Ollie’s Bargain Outlet stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $90.00, for a total value of $129,420.00. Following the completion of the sale, the president now directly owns 4,158 shares in the company, valued at approximately $374,220. The disclosure for this sale can be found here. In the last quarter, insiders have sold 49,310 shares of company stock valued at $4,109,613. 0.87% of the stock is owned by company 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.