Meeder Asset Management Inc. Reduces Holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Meeder Asset Management Inc. lowered its stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 95.1% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 323 shares of the company’s stock after selling 6,320 shares during the quarter. Meeder Asset Management Inc.’s holdings in Ollie’s Bargain Outlet were worth $32,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. International Assets Investment Management LLC acquired a new stake in shares of Ollie’s Bargain Outlet during the second quarter valued at $25,000. Opal Wealth Advisors LLC acquired a new stake in shares of Ollie’s Bargain Outlet during the 2nd quarter worth about $31,000. Blue Bell Private Wealth Management LLC purchased a new stake in shares of Ollie’s Bargain Outlet during the first quarter worth about $29,000. Crewe Advisors LLC acquired a new position in shares of Ollie’s Bargain Outlet in the second quarter valued at approximately $36,000. Finally, ORG Partners LLC purchased a new position in shares of Ollie’s Bargain Outlet during the first quarter valued at approximately $28,000.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Bank of America increased their target price 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. Piper Sandler reissued an “overweight” rating and issued a $107.00 target price on shares of Ollie’s Bargain Outlet in a research report on Friday, August 30th. Royal Bank of Canada dropped their price target on shares of Ollie’s Bargain Outlet from $101.00 to $100.00 and set an “outperform” rating for the company in a research report on Friday, August 30th. Gordon Haskett upgraded shares of Ollie’s Bargain Outlet from an “accumulate” rating to a “buy” rating and lifted their price target for the company from $105.00 to $107.00 in a report on Monday, August 26th. Finally, Loop Capital boosted their price objective on shares of Ollie’s Bargain Outlet from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Monday, June 24th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $103.33.

Insider Buying and Selling at Ollie’s Bargain Outlet

In other news, SVP James J. Comitale sold 2,153 shares of the stock in a transaction that occurred on Tuesday, July 16th. The stock was 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 approximately $284,592.44. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other Ollie’s Bargain Outlet news, Director Thomas Hendrickson sold 4,500 shares of the stock in a transaction that occurred on Friday, June 21st. The stock was 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 of the company’s stock, valued at approximately $551,978.86. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP James J. Comitale sold 2,153 shares of the company’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $104.17, for a total value of $224,278.01. Following the sale, 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 owned by insiders.

Ollie’s Bargain Outlet Stock Up 0.0 %

NASDAQ OLLI opened at $98.17 on Monday. Ollie’s Bargain Outlet Holdings, Inc. has a fifty-two week low of $68.05 and a fifty-two week high of $104.98. The business has a 50 day moving average price of $95.55 and a two-hundred day moving average price of $85.52. The stock has a market cap of $6.02 billion, a PE ratio of 30.97, a P/E/G ratio of 2.41 and a beta of 0.84.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings results on Thursday, August 29th. The company reported $0.78 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.78. The business had revenue of $578.38 million during the quarter, compared to analyst estimates of $561.60 million. Ollie’s Bargain Outlet had a net margin of 9.19% and a return on equity of 13.27%. The business’s revenue was up 12.4% on a year-over-year basis. During the same period last year, the business earned $0.67 EPS. Sell-side analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.28 EPS for the current fiscal year.

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.