Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Shares Bought by Zions Bancorporation N.A.

Zions Bancorporation N.A. raised its holdings in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 20.6% during the third quarter, HoldingsChannel.com reports. The firm owned 28,204 shares of the company’s stock after buying an additional 4,816 shares during the period. Zions Bancorporation N.A.’s holdings in Ollie’s Bargain Outlet were worth $2,741,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Ollie’s Bargain Outlet by 6.2% in the first quarter. Vanguard Group Inc. now owns 5,882,908 shares of the company’s stock worth $468,103,000 after acquiring an additional 343,903 shares in the last quarter. Capital Research Global Investors purchased a new stake in Ollie’s Bargain Outlet during the 1st quarter worth approximately $136,978,000. Geneva Capital Management LLC increased its stake in Ollie’s Bargain Outlet by 1.3% during the 3rd quarter. Geneva Capital Management LLC now owns 1,050,469 shares of the company’s stock valued at $102,106,000 after purchasing an additional 13,369 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of 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 buying an additional 41,605 shares during the period. Finally, Congress Asset Management Co. grew its holdings in shares of Ollie’s Bargain Outlet by 12.1% during the third quarter. Congress Asset Management Co. now owns 680,590 shares of the company’s stock valued at $66,153,000 after buying an additional 73,396 shares during the last quarter.

Ollie’s Bargain Outlet Stock Down 0.1 %

Shares of OLLI opened at $92.15 on Thursday. The stock has a market cap of $5.65 billion, a PE ratio of 28.09, a price-to-earnings-growth ratio of 2.29 and a beta of 0.84. The firm’s fifty day moving average is $95.12 and its two-hundred day moving average is $91.62. 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 quarterly earnings results on Thursday, August 29th. The company reported $0.78 EPS for the quarter, hitting the consensus estimate of $0.78. Ollie’s Bargain Outlet had a return on equity of 13.27% and a net margin of 9.19%. The business had revenue of $578.38 million for the quarter, compared to analyst estimates of $561.60 million. During the same quarter in the previous year, the firm earned $0.67 EPS. The company’s quarterly revenue was up 12.4% compared to the same quarter last year. As a group, research analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.28 earnings per share for the current year.

Insider Buying and Selling at Ollie’s Bargain Outlet

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

Analyst Upgrades and Downgrades

OLLI has been the topic of several research analyst reports. Piper Sandler reiterated an “overweight” rating and set a $107.00 price target on shares of Ollie’s Bargain Outlet in a research note on Friday, October 4th. StockNews.com downgraded shares of Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. cut their price target on Ollie’s Bargain Outlet from $113.00 to $105.00 and set an “overweight” rating on the stock in a research report on Friday, August 30th. 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. Finally, Loop Capital reissued a “buy” rating and issued a $110.00 price target on shares of Ollie’s Bargain Outlet in a report on Friday, September 20th. One analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price 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.