Northwest & Ethical Investments L.P. Takes Position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Northwest & Ethical Investments L.P. bought a new position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 1,200 shares of the company’s stock, valued at approximately $117,000.

Several other institutional investors and hedge funds also recently bought and sold shares of OLLI. Price T Rowe Associates Inc. MD lifted its position in shares of Ollie’s Bargain Outlet by 5.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 149,033 shares of the company’s stock valued at $11,860,000 after buying an additional 7,714 shares in the last quarter. Atria Investments Inc lifted its holdings in Ollie’s Bargain Outlet by 2.7% during the first quarter. Atria Investments Inc now owns 21,092 shares of the company’s stock valued at $1,678,000 after purchasing an additional 558 shares in the last quarter. Cetera Advisors LLC bought a new position in shares of Ollie’s Bargain Outlet in the first quarter worth approximately $228,000. GAMMA Investing LLC increased its stake in shares of Ollie’s Bargain Outlet by 686.7% in the second quarter. GAMMA Investing LLC now owns 472 shares of the company’s stock worth $46,000 after purchasing an additional 412 shares in the last quarter. Finally, Versant Capital Management Inc bought a new stake in shares of Ollie’s Bargain Outlet during the 2nd quarter valued at $38,000.

Insider Activity

In related news, SVP Kevin Mclain sold 15,000 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $98.99, for a total value of $1,484,850.00. Following the transaction, the senior vice president now owns 10,610 shares of the company’s stock, valued at $1,050,283.90. This represents a 58.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Robert F. Helm sold 2,401 shares of the firm’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 transaction, the chief financial officer now owns 2,021 shares in the company, valued at $191,348.28. The trade was a 54.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 28,912 shares of company stock valued at $2,875,790. 0.87% of the stock is currently owned by company insiders.

Ollie’s Bargain Outlet Price Performance

Shares of NASDAQ OLLI opened at $98.95 on Friday. The company has a market cap of $6.07 billion, a P/E ratio of 30.17, a PEG ratio of 2.51 and a beta of 0.84. The firm has a 50-day simple moving average of $94.98 and a two-hundred day simple moving average of $93.09. 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 data on Thursday, August 29th. The company reported $0.78 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.78. Ollie’s Bargain Outlet had a return on equity of 13.27% and a net margin of 9.19%. The company had revenue of $578.38 million during the quarter, compared to analysts’ expectations of $561.60 million. During the same quarter in the previous year, the business earned $0.67 EPS. Ollie’s Bargain Outlet’s revenue was up 12.4% compared to the same quarter last year. As a group, equities research analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.27 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on OLLI shares. Loop Capital reaffirmed a “buy” rating and issued a $110.00 target price on shares of Ollie’s Bargain Outlet in a report on Friday, September 20th. Gordon Haskett raised Ollie’s Bargain Outlet from an “accumulate” rating to a “buy” rating and upped their price objective for the stock from $105.00 to $107.00 in a research note on Monday, August 26th. UBS Group lifted their target price on Ollie’s Bargain Outlet from $97.00 to $99.00 and gave the company a “neutral” rating in a research note on Friday, August 30th. Bank of America upped their price target on 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. Finally, Piper Sandler reiterated an “overweight” rating and set a $107.00 price objective on shares of Ollie’s Bargain Outlet in a research report on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $104.92.

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.