Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Shares Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC boosted its position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 5.2% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 8,122 shares of the company’s stock after acquiring an additional 402 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Ollie’s Bargain Outlet were worth $789,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. International Assets Investment Management LLC purchased a new position in shares of Ollie’s Bargain Outlet during the 2nd quarter valued at about $25,000. Opal Wealth Advisors LLC acquired a new position in shares of Ollie’s Bargain Outlet in the 2nd quarter valued at about $31,000. Crewe Advisors LLC acquired a new position in shares of Ollie’s Bargain Outlet in the 2nd quarter valued at about $36,000. Versant Capital Management Inc acquired a new position in shares of Ollie’s Bargain Outlet in the 2nd quarter valued at about $38,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Ollie’s Bargain Outlet by 686.7% in the 2nd quarter. GAMMA Investing LLC now owns 472 shares of the company’s stock valued at $46,000 after buying an additional 412 shares during the period.

Ollie’s Bargain Outlet Price Performance

OLLI stock opened at $91.93 on Monday. The business has a 50 day simple moving average of $95.31 and a 200-day simple moving average of $92.04. The firm has a market capitalization of $5.64 billion, a PE ratio of 28.03, a price-to-earnings-growth ratio of 2.29 and a beta of 0.84. Ollie’s Bargain Outlet Holdings, Inc. has a 1 year low of $68.05 and a 1 year high of $104.98.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings results on Thursday, August 29th. The company reported $0.78 earnings per share (EPS) 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 return on equity of 13.27% and a net margin of 9.19%. The business’s revenue was up 12.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.67 earnings per share. On average, equities research analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.27 EPS for the current year.

Insider Buying and Selling

In related news, CFO Robert F. Helm sold 2,401 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 2,021 shares in the company, valued at approximately $191,348.28. This represents a 54.30 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President Der Valk Eric Van sold 7,479 shares of the stock in a transaction that occurred 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 completion of the transaction, the president now owns 5,615 shares of the company’s stock, valued at $563,296.80. The trade was a 57.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 24,880 shares of company stock worth $2,462,470. Company insiders own 0.87% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on OLLI. Piper Sandler reissued an “overweight” rating and issued a $107.00 price objective on shares of Ollie’s Bargain Outlet in a report on Friday, October 4th. Loop Capital reaffirmed a “buy” rating and issued a $110.00 price target on shares of Ollie’s Bargain Outlet in a report on Friday, September 20th. Royal Bank of Canada upped their price target on Ollie’s Bargain Outlet from $100.00 to $106.00 and gave the stock an “outperform” rating in a report on Wednesday, October 2nd. 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, UBS Group upped their price target on Ollie’s Bargain Outlet from $97.00 to $99.00 and gave the stock a “neutral” rating in a report on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $104.92.

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.