Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Shares Acquired by Pier Capital LLC

Pier Capital LLC increased its holdings in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 0.4% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 90,630 shares of the company’s stock after purchasing an additional 367 shares during the quarter. Ollie’s Bargain Outlet accounts for about 1.2% of Pier Capital LLC’s investment portfolio, making the stock its 23rd largest holding. Pier Capital LLC owned approximately 0.15% of Ollie’s Bargain Outlet worth $8,809,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC acquired a new stake in shares of Ollie’s Bargain Outlet in the second quarter worth $25,000. Opal Wealth Advisors LLC acquired a new stake in Ollie’s Bargain Outlet in the 2nd quarter valued at $31,000. Crewe Advisors LLC acquired a new stake in Ollie’s Bargain Outlet in the 2nd quarter valued at $36,000. GAMMA Investing LLC lifted its stake in shares of Ollie’s Bargain Outlet by 686.7% during 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, Northwest & Ethical Investments L.P. purchased a new stake in shares of Ollie’s Bargain Outlet in the third quarter worth about $117,000.

Analyst Ratings Changes

Several brokerages recently commented on OLLI. Gordon Haskett upgraded Ollie’s Bargain Outlet from an “accumulate” rating to a “buy” rating and raised their target price for the company from $105.00 to $107.00 in a report on Monday, August 26th. Bank of America boosted their target price on shares of Ollie’s Bargain Outlet from $102.00 to $115.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. JPMorgan Chase & Co. lowered their price target on shares of Ollie’s Bargain Outlet from $113.00 to $105.00 and set an “overweight” rating for the company in a report on Friday, August 30th. Loop Capital reiterated a “buy” rating and issued a $110.00 price objective on shares of Ollie’s Bargain Outlet in a report on Friday, September 20th. Finally, StockNews.com cut shares of Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, Ollie’s Bargain Outlet has a consensus rating of “Moderate Buy” and a consensus price target of $104.50.

Ollie’s Bargain Outlet Stock Up 1.2 %

Shares of NASDAQ OLLI opened at $101.54 on Friday. The stock’s 50 day moving average price is $94.97 and its two-hundred day moving average price is $94.17. Ollie’s Bargain Outlet Holdings, Inc. has a 52-week low of $68.05 and a 52-week high of $104.98. The stock has a market capitalization of $6.23 billion, a P/E ratio of 30.96, a PEG ratio of 2.49 and a beta of 0.85.

Insider Activity at Ollie’s Bargain Outlet

In other news, President Der Valk Eric Van sold 7,479 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The stock was 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 directly owns 5,615 shares of the company’s stock, valued at approximately $563,296.80. This represents a 57.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Robert F. Helm sold 2,401 shares of the stock in a transaction that occurred 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 sale, 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. In the last ninety days, insiders have sold 33,712 shares of company stock valued at $3,368,270. Corporate insiders own 0.87% of the company’s stock.

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.