Pitcairn Co. Lowers Stock Position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Pitcairn Co. lessened its holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 3.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,860 shares of the company’s stock after selling 274 shares during the quarter. Pitcairn Co.’s holdings in Ollie’s Bargain Outlet were worth $625,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in OLLI. Norges Bank purchased a new stake in Ollie’s Bargain Outlet in the 4th quarter valued at approximately $59,215,000. Vanguard Group Inc. boosted its holdings in Ollie’s Bargain Outlet by 6.2% in the 1st quarter. Vanguard Group Inc. now owns 5,882,908 shares of the company’s stock valued at $468,103,000 after purchasing an additional 343,903 shares in the last quarter. Wasatch Advisors LP boosted its holdings in Ollie’s Bargain Outlet by 5.2% in the 4th quarter. Wasatch Advisors LP now owns 3,761,480 shares of the company’s stock valued at $285,459,000 after purchasing an additional 184,864 shares in the last quarter. Los Angeles Capital Management LLC boosted its holdings in Ollie’s Bargain Outlet by 6,328.7% in the 1st quarter. Los Angeles Capital Management LLC now owns 187,140 shares of the company’s stock valued at $14,891,000 after purchasing an additional 184,229 shares in the last quarter. Finally, Moran Wealth Management LLC acquired a new stake in shares of Ollie’s Bargain Outlet during the 4th quarter valued at approximately $10,686,000.

Insider Buying and Selling at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, CEO John W. Swygert sold 14,736 shares of the business’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $86.81, for a total value of $1,279,232.16. Following the completion of the transaction, the chief executive officer now directly owns 48,200 shares in the company, valued at approximately $4,184,242. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Ollie’s Bargain Outlet news, Director Thomas Hendrickson sold 4,500 shares of the business’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $97.54, for a total value of $438,930.00. Following the completion of the transaction, the director now directly owns 5,659 shares in the company, valued at approximately $551,978.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO John W. Swygert sold 14,736 shares of the business’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $86.81, for a total transaction of $1,279,232.16. Following the sale, the chief executive officer now directly owns 48,200 shares of the company’s stock, valued at $4,184,242. The disclosure for this sale can be found here. In the last three months, insiders sold 34,537 shares of company stock worth $3,074,765. Insiders own 0.87% of the company’s stock.

Analyst Upgrades and Downgrades

OLLI has been the subject of a number of research reports. UBS Group lifted their price target on shares of Ollie’s Bargain Outlet from $95.00 to $97.00 and gave the company a “neutral” rating in a research report on Thursday, June 6th. Morgan Stanley lifted their price target on shares of Ollie’s Bargain Outlet from $80.00 to $92.00 and gave the company an “equal weight” rating in a research report on Thursday, June 6th. Truist Financial lifted their price target on shares of Ollie’s Bargain Outlet from $102.00 to $109.00 and gave the company a “buy” rating in a research report on Friday, July 12th. Bank of America lifted their price target on shares of Ollie’s Bargain Outlet from $92.00 to $102.00 and gave the company a “buy” rating in a research report on Thursday, June 6th. Finally, Piper Sandler lifted their price target on shares of Ollie’s Bargain Outlet from $100.00 to $107.00 and gave the company an “overweight” rating in a research report on Tuesday, June 25th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Ollie’s Bargain Outlet currently has an average rating of “Moderate Buy” and a consensus target price of $102.08.

Ollie’s Bargain Outlet Price Performance

Shares of Ollie’s Bargain Outlet stock opened at $96.39 on Friday. Ollie’s Bargain Outlet Holdings, Inc. has a 1 year low of $68.05 and a 1 year high of $104.98. The company has a market capitalization of $5.90 billion, a P/E ratio of 30.41, a P/E/G ratio of 2.63 and a beta of 0.90. The business has a 50 day moving average price of $90.90 and a 200 day moving average price of $80.66.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings results on Wednesday, June 5th. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.08. The company had revenue of $508.82 million during the quarter, compared to the consensus estimate of $506.49 million. Ollie’s Bargain Outlet had a return on equity of 13.22% and a net margin of 9.14%. Ollie’s Bargain Outlet’s revenue was up 10.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.49 EPS. As a group, research analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.27 EPS for the current fiscal year.

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.