Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Shares Sold by Keystone Financial Group

Keystone Financial Group lowered its stake in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 9.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 2,725 shares of the company’s stock after selling 269 shares during the quarter. Keystone Financial Group’s holdings in Ollie’s Bargain Outlet were worth $207,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of OLLI. Operose Advisors LLC purchased a new position in shares of Ollie’s Bargain Outlet in the third quarter worth $26,000. Partnership Wealth Management LLC purchased a new position in Ollie’s Bargain Outlet in the 4th quarter worth $68,000. CWM LLC lifted its position in Ollie’s Bargain Outlet by 25.8% during the 4th quarter. CWM LLC now owns 1,741 shares of the company’s stock worth $132,000 after acquiring an additional 357 shares during the period. Harvest Fund Management Co. Ltd purchased a new stake in Ollie’s Bargain Outlet during the 3rd quarter valued at about $143,000. Finally, DekaBank Deutsche Girozentrale acquired a new position in shares of Ollie’s Bargain Outlet in the third quarter valued at about $181,000.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on OLLI. Royal Bank of Canada reiterated an “outperform” rating and issued a $86.00 target price on shares of Ollie’s Bargain Outlet in a research report on Thursday, March 21st. JPMorgan Chase & Co. decreased their target price on shares of Ollie’s Bargain Outlet from $88.00 to $85.00 and set a “neutral” rating for the company in a research report on Thursday, March 21st. Truist Financial raised Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and increased their price target for the stock from $80.00 to $86.00 in a research report on Friday, May 3rd. The Goldman Sachs Group boosted their price objective on Ollie’s Bargain Outlet from $91.00 to $104.00 and gave the company a “buy” rating in a report on Thursday, March 21st. Finally, Craig Hallum lifted their price target on Ollie’s Bargain Outlet from $98.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, March 21st. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Ollie’s Bargain Outlet currently has an average rating of “Moderate Buy” and a consensus target price of $87.08.

Ollie’s Bargain Outlet Stock Performance

Shares of OLLI stock traded down $0.10 on Wednesday, reaching $72.83. 148,202 shares of the company were exchanged, compared to its average volume of 903,438. The company has a market cap of $4.46 billion, a price-to-earnings ratio of 24.98, a P/E/G ratio of 2.18 and a beta of 0.76. Ollie’s Bargain Outlet Holdings, Inc. has a 1 year low of $52.93 and a 1 year high of $84.38. The business has a 50-day moving average price of $74.64 and a 200 day moving average price of $75.11.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings results on Wednesday, March 20th. The company reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.07. The firm had revenue of $648.90 million for the quarter, compared to analyst estimates of $649.39 million. Ollie’s Bargain Outlet had a return on equity of 12.55% and a net margin of 8.63%. The business’s revenue was up 18.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.84 earnings per share. As a group, equities analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.24 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO John W. Swygert sold 5,000 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $82.57, for a total transaction of $412,850.00. Following the transaction, the chief executive officer now owns 48,200 shares in the company, valued at $3,979,874. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CEO John W. Swygert sold 5,000 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $82.57, for a total value of $412,850.00. Following the completion of the sale, the chief executive officer now owns 48,200 shares of the company’s stock, valued at $3,979,874. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Larry Kraus sold 2,928 shares of the business’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $79.00, for a total transaction of $231,312.00. Following the completion of the transaction, the vice president now owns 1,905 shares in the company, valued at $150,495. The disclosure for this sale can be found here. Insiders have sold 27,341 shares of company stock valued at $2,097,938 in the last ninety days. 0.87% of the stock is currently owned by corporate insiders.

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.