Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Shares Sold by Raymond James & Associates

Raymond James & Associates decreased its position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 5.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 68,665 shares of the company’s stock after selling 4,098 shares during the quarter. Raymond James & Associates owned 0.11% of Ollie’s Bargain Outlet worth $6,674,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Trust Point Inc. lifted its position in Ollie’s Bargain Outlet by 1.0% during the third quarter. Trust Point Inc. now owns 13,184 shares of the company’s stock valued at $1,281,000 after purchasing an additional 134 shares during the period. Inspire Investing LLC lifted its holdings in shares of Ollie’s Bargain Outlet by 18.8% in the 3rd quarter. Inspire Investing LLC now owns 4,241 shares of the company’s stock valued at $412,000 after buying an additional 672 shares during the period. City Center Advisors LLC acquired a new stake in Ollie’s Bargain Outlet during the third quarter worth about $309,000. GAMMA Investing LLC raised its position in Ollie’s Bargain Outlet by 37.9% during the third quarter. GAMMA Investing LLC now owns 651 shares of the company’s stock valued at $63,000 after acquiring an additional 179 shares in the last quarter. Finally, Handelsbanken Fonder AB lifted its holdings in Ollie’s Bargain Outlet by 45.9% in the third quarter. Handelsbanken Fonder AB now owns 19,400 shares of the company’s stock valued at $1,886,000 after acquiring an additional 6,100 shares during the period.

Wall Street Analysts Forecast Growth

OLLI has been the topic of a number of analyst reports. Bank of America raised their price objective on shares of Ollie’s Bargain Outlet from $102.00 to $115.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. UBS Group lifted their price objective on shares of Ollie’s Bargain Outlet from $97.00 to $99.00 and gave the company a “neutral” rating in a report on Friday, August 30th. Piper Sandler restated an “overweight” rating and set a $107.00 target price on shares of Ollie’s Bargain Outlet in a research report on Friday, October 4th. Gordon Haskett raised Ollie’s Bargain Outlet from an “accumulate” rating to a “buy” rating and upped their price target for the stock from $105.00 to $107.00 in a report on Monday, August 26th. Finally, Loop Capital reissued a “buy” rating and issued a $110.00 price objective on shares of Ollie’s Bargain Outlet in a report on Friday, September 20th. One investment 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, the company currently has an average rating of “Moderate Buy” and an average price target of $104.92.

Insider Buying and Selling

In other Ollie’s Bargain Outlet news, CFO Robert F. Helm sold 2,401 shares of the company’s stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $94.68, for a total value of $227,326.68. Following the completion of the sale, the chief financial officer now directly owns 2,021 shares in the company, valued at $191,348.28. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, President Der Valk Eric Van sold 7,479 shares of the business’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $100.32, for a total value of $750,293.28. Following the sale, the president now owns 5,615 shares in the company, valued at approximately $563,296.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Robert F. Helm sold 2,401 shares of the firm’s stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $94.68, for a total value of $227,326.68. Following the transaction, the chief financial officer now owns 2,021 shares of the company’s stock, valued at $191,348.28. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 24,880 shares of company stock worth $2,462,470. 0.87% of the stock is owned by corporate insiders.

Ollie’s Bargain Outlet Stock Up 0.9 %

Ollie’s Bargain Outlet stock opened at $90.90 on Thursday. The company has a fifty day simple moving average of $94.79 and a 200-day simple moving average of $90.09. The firm has a market capitalization of $5.58 billion, a price-to-earnings ratio of 27.71, a PEG ratio of 2.25 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 announced its quarterly earnings data on Thursday, August 29th. The company reported $0.78 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.78. The company had revenue of $578.38 million during the quarter, compared to analysts’ expectations of $561.60 million. Ollie’s Bargain Outlet had a net margin of 9.19% and a return on equity of 13.27%. Ollie’s Bargain Outlet’s revenue was up 12.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.67 EPS. On average, research 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.