DekaBank Deutsche Girozentrale Sells 748 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

DekaBank Deutsche Girozentrale lessened its stake in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 31.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,665 shares of the company’s stock after selling 748 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Ollie’s Bargain Outlet were worth $163,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in OLLI. Sei Investments Co. increased its position in shares of Ollie’s Bargain Outlet by 15.3% in the first quarter. Sei Investments Co. now owns 207,554 shares of the company’s stock worth $16,515,000 after purchasing an additional 27,531 shares during the period. CHURCHILL MANAGEMENT Corp acquired a new position in shares of Ollie’s Bargain Outlet in the 1st quarter valued at approximately $1,621,000. Wells Fargo & Company MN lifted its holdings in shares of Ollie’s Bargain Outlet by 8.2% during the 4th quarter. Wells Fargo & Company MN now owns 200,720 shares of the company’s stock worth $15,233,000 after acquiring an additional 15,187 shares during the period. Axxcess Wealth Management LLC acquired a new stake in shares of Ollie’s Bargain Outlet during the 1st quarter worth approximately $841,000. Finally, Meeder Asset Management Inc. bought a new position in Ollie’s Bargain Outlet in the first quarter valued at approximately $529,000.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Gordon Haskett upgraded Ollie’s Bargain Outlet from an “accumulate” rating to a “buy” rating and upped their target price for the stock from $105.00 to $107.00 in a research note on Monday, August 26th. Piper Sandler reaffirmed an “overweight” rating and issued a $107.00 price objective on shares of Ollie’s Bargain Outlet in a research note on Friday, August 30th. JPMorgan Chase & Co. lowered their target price on Ollie’s Bargain Outlet from $113.00 to $105.00 and set an “overweight” rating for the company in a research note on Friday, August 30th. StockNews.com downgraded shares of Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research note on Friday, August 30th. Finally, Morgan Stanley upped their price objective on shares of Ollie’s Bargain Outlet from $80.00 to $92.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 6th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $103.33.

Ollie’s Bargain Outlet Trading Up 1.2 %

NASDAQ OLLI opened at $98.99 on Friday. The firm has a market capitalization of $6.07 billion, a PE ratio of 31.23, a price-to-earnings-growth ratio of 2.45 and a beta of 0.84. The business’s 50-day moving average price is $95.41 and its two-hundred day moving average price is $86.11. 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 released its earnings results on Thursday, August 29th. The company reported $0.78 earnings per share 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 business had revenue of $578.38 million during the quarter, compared to the consensus estimate of $561.60 million. During the same quarter in the prior year, the firm posted $0.67 EPS. The company’s revenue for the quarter was up 12.4% compared to the same quarter last year. As a group, analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.28 earnings per share for the current fiscal year.

Insider Transactions at Ollie’s Bargain Outlet

In related news, SVP Kevin Mclain sold 15,000 shares of the firm’s stock in a transaction that occurred 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 Securities & Exchange Commission, which is available at the SEC website. In other Ollie’s Bargain Outlet news, SVP Kevin Mclain sold 15,000 shares of the stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 10,610 shares in the company, valued at approximately $1,050,283.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP James J. Comitale sold 2,153 shares of Ollie’s Bargain Outlet stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $104.17, for a total transaction of $224,278.01. Following the completion of the sale, the senior vice president now owns 2,732 shares of the company’s stock, valued at approximately $284,592.44. The disclosure for this sale can be found here. Corporate insiders own 0.87% of the company’s stock.

Ollie’s Bargain Outlet 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.