Natixis Advisors LLC Has $2.76 Million Stock Holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Natixis Advisors LLC grew its stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 16.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 28,432 shares of the company’s stock after purchasing an additional 3,946 shares during the quarter. Natixis Advisors LLC’s holdings in Ollie’s Bargain Outlet were worth $2,764,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. International Assets Investment Management LLC acquired a new position in Ollie’s Bargain Outlet during the second quarter valued at approximately $25,000. Opal Wealth Advisors LLC bought a new stake in shares of Ollie’s Bargain Outlet in the 2nd quarter valued at $31,000. Crewe Advisors LLC acquired a new stake in Ollie’s Bargain Outlet during the 2nd quarter worth $36,000. Versant Capital Management Inc bought a new position in Ollie’s Bargain Outlet during the second quarter worth about $38,000. Finally, GAMMA Investing LLC grew its stake in Ollie’s Bargain Outlet by 686.7% in the second quarter. GAMMA Investing LLC now owns 472 shares of the company’s stock valued at $46,000 after acquiring an additional 412 shares during the period.

Insider Activity at Ollie’s Bargain Outlet

In other news, CFO Robert F. Helm sold 2,401 shares of the stock in a transaction on 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 represents a 54.30 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, President Der Valk Eric Van sold 7,479 shares of Ollie’s Bargain Outlet stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $100.32, for a total transaction of $750,293.28. Following the sale, the president now directly owns 5,615 shares of the company’s stock, valued at $563,296.80. This represents a 57.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety 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 Performance

OLLI stock opened at $94.61 on Monday. The business has a 50-day simple moving average of $94.79 and a two-hundred day simple moving average of $92.49. The company has a market capitalization of $5.80 billion, a P/E ratio of 28.84, a price-to-earnings-growth ratio of 2.26 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 posted its earnings results on Thursday, August 29th. The company reported $0.78 EPS for the quarter, hitting the consensus estimate of $0.78. The firm had revenue of $578.38 million for 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%. The company’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.67 EPS. As a group, sell-side analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.27 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on OLLI shares. JPMorgan Chase & Co. cut their price objective on Ollie’s Bargain Outlet from $113.00 to $105.00 and set an “overweight” rating on the stock in a report on Friday, August 30th. UBS Group increased their price objective on shares of Ollie’s Bargain Outlet from $97.00 to $99.00 and gave the stock a “neutral” rating in a research report on Friday, August 30th. Gordon Haskett raised shares of Ollie’s Bargain Outlet from an “accumulate” rating to a “buy” rating and boosted their price objective for the company from $105.00 to $107.00 in a research report on Monday, August 26th. Loop Capital reiterated a “buy” rating and set a $110.00 target price on shares of Ollie’s Bargain Outlet in a report on Friday, September 20th. Finally, Bank of America boosted their price target on Ollie’s Bargain Outlet from $102.00 to $115.00 and gave the company a “buy” rating in a report on Monday, September 30th. One 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. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $104.92.

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.