Dimensional Fund Advisors LP Lowers Stock Holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Dimensional Fund Advisors LP lessened its holdings in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 2.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,282,394 shares of the company’s stock after selling 37,408 shares during the quarter. Dimensional Fund Advisors LP owned approximately 2.10% of Ollie’s Bargain Outlet worth $125,894,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in Ollie’s Bargain Outlet by 6.2% during the first quarter. Vanguard Group Inc. now owns 5,882,908 shares of the company’s stock worth $468,103,000 after buying an additional 343,903 shares during the period. Wasatch Advisors LP boosted its position in shares of Ollie’s Bargain Outlet by 4.1% in the first quarter. Wasatch Advisors LP now owns 3,917,575 shares of the company’s stock worth $311,721,000 after acquiring an additional 156,095 shares during the last quarter. Capital Research Global Investors purchased a new stake in Ollie’s Bargain Outlet in the first quarter valued at approximately $136,978,000. Norges Bank purchased a new stake in Ollie’s Bargain Outlet in the fourth quarter valued at approximately $59,215,000. Finally, American Century Companies Inc. raised its stake in Ollie’s Bargain Outlet by 5.6% during the second quarter. American Century Companies Inc. now owns 780,064 shares of the company’s stock worth $76,579,000 after purchasing an additional 41,605 shares during the period.

Insider Activity at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, SVP James J. Comitale sold 2,153 shares of Ollie’s Bargain Outlet 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 sale, 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 Securities & Exchange Commission, which is available through the SEC website. In related news, 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 value of $224,278.01. Following the completion of the sale, the senior vice president now owns 2,732 shares in the company, valued at $284,592.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Kevin Mclain sold 15,000 shares of the stock in a transaction on Monday, September 16th. The shares were 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 owns 10,610 shares in the company, valued at $1,050,283.90. The disclosure for this sale can be found here. 0.87% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts have recently issued reports on OLLI shares. Truist Financial boosted their price objective on shares of Ollie’s Bargain Outlet from $102.00 to $109.00 and gave the company a “buy” rating in a research note on Friday, July 12th. Bank of America lifted their price objective on Ollie’s Bargain Outlet from $92.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday, June 6th. StockNews.com downgraded shares of Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research report on Friday, August 30th. Loop Capital reaffirmed a “buy” rating and set a $110.00 price target on shares of Ollie’s Bargain Outlet in a research report on Friday. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Ollie’s Bargain Outlet from $113.00 to $105.00 and set an “overweight” rating for the company in a research report on Friday, August 30th. One research analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Ollie’s Bargain Outlet presently has a consensus rating of “Moderate Buy” and an average price target of $103.33.

Ollie’s Bargain Outlet Trading Up 1.2 %

NASDAQ OLLI opened at $98.99 on Monday. The company’s fifty day simple moving average is $95.41 and its 200-day simple moving average is $86.26. The stock has a market cap of $6.06 billion, a P/E ratio of 31.23, a PEG ratio of 2.48 and a beta of 0.84. Ollie’s Bargain Outlet Holdings, Inc. has a 52 week low of $68.05 and a 52 week high of $104.98.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings data on Thursday, August 29th. The company reported $0.78 EPS for the quarter, hitting analysts’ consensus estimates of $0.78. The firm had revenue of $578.38 million for 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 firm’s revenue was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.67 EPS. On average, research analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.28 EPS for the current fiscal year.

About Ollie’s Bargain Outlet

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.