Oppenheimer Asset Management Inc. Increases Stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Oppenheimer Asset Management Inc. increased its position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 8.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 39,673 shares of the company’s stock after acquiring an additional 3,008 shares during the quarter. Oppenheimer Asset Management Inc. owned about 0.06% of Ollie’s Bargain Outlet worth $3,856,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Axxcess Wealth Management LLC purchased a new stake in Ollie’s Bargain Outlet in the 1st quarter worth about $841,000. Capital Research Global Investors purchased a new stake in Ollie’s Bargain Outlet in the 1st quarter worth about $136,978,000. Seven Eight Capital LP increased its holdings in Ollie’s Bargain Outlet by 178.8% in the 1st quarter. Seven Eight Capital LP now owns 9,592 shares of the company’s stock worth $763,000 after acquiring an additional 6,151 shares during the last quarter. D. E. Shaw & Co. Inc. increased its holdings in Ollie’s Bargain Outlet by 953.2% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 566,738 shares of the company’s stock worth $55,637,000 after acquiring an additional 512,928 shares during the last quarter. Finally, King Luther Capital Management Corp increased its holdings in Ollie’s Bargain Outlet by 36.0% in the 2nd quarter. King Luther Capital Management Corp now owns 109,827 shares of the company’s stock worth $10,782,000 after acquiring an additional 29,061 shares during the last quarter.

Ollie’s Bargain Outlet Trading Down 0.6 %

Shares of OLLI opened at $91.93 on Friday. The company has a market cap 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. The stock has a 50-day moving average price of $95.31 and a 200-day moving average price of $91.77. Ollie’s Bargain Outlet Holdings, Inc. has a 12-month low of $68.05 and a 12-month high of $104.98.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its earnings results on Thursday, August 29th. The company reported $0.78 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.78. The company had revenue of $578.38 million during the quarter, compared to the consensus estimate of $561.60 million. Ollie’s Bargain Outlet had a return on equity of 13.27% and a net margin of 9.19%. Ollie’s Bargain Outlet’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.67 EPS. As a group, analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.27 earnings per share for the current year.

Insider Buying and Selling

In other Ollie’s Bargain Outlet news, SVP Kevin Mclain sold 15,000 shares of the business’s 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 completion of the sale, the senior vice president now owns 10,610 shares in the company, valued at approximately $1,050,283.90. The trade was a 58.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 value of $227,326.68. Following the completion of the sale, the chief financial officer now owns 2,021 shares of the company’s stock, valued at $191,348.28. The trade was a 54.30 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 24,880 shares of company stock worth $2,462,470 in the last quarter. 0.87% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on OLLI shares. 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 report on Friday, August 30th. Bank of America lifted their target price 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. Piper Sandler reaffirmed an “overweight” rating and set a $107.00 target price on shares of Ollie’s Bargain Outlet in a report on Friday, October 4th. Loop Capital reaffirmed 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, StockNews.com lowered Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, Ollie’s Bargain Outlet presently has a consensus rating of “Moderate Buy” and an average target price 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.