Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lowered its stake in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI – Get Rating) by 2.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 80,771 shares of the company’s stock after selling 1,717 shares during the quarter. Envestnet Asset Management Inc. owned about 0.13% of Ollie’s Bargain Outlet worth $3,783,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Raymond James & Associates increased its holdings in Ollie’s Bargain Outlet by 3.6% in the 1st quarter. Raymond James & Associates now owns 95,209 shares of the company’s stock worth $4,090,000 after buying an additional 3,348 shares during the period. Cetera Advisor Networks LLC acquired a new stake in shares of Ollie’s Bargain Outlet in the first quarter worth approximately $263,000. MetLife Investment Management LLC boosted its stake in shares of Ollie’s Bargain Outlet by 29.7% in the first quarter. MetLife Investment Management LLC now owns 38,049 shares of the company’s stock worth $1,635,000 after acquiring an additional 8,723 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Ollie’s Bargain Outlet by 7.2% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,515 shares of the company’s stock worth $924,000 after acquiring an additional 1,451 shares during the last quarter. Finally, Great West Life Assurance Co. Can grew its stake in shares of Ollie’s Bargain Outlet by 3.5% in the 1st quarter. Great West Life Assurance Co. Can now owns 31,651 shares of the company’s stock valued at $1,398,000 after buying an additional 1,081 shares during the period.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on OLLI. Wells Fargo & Company increased their price target on Ollie’s Bargain Outlet from $60.00 to $67.00 and gave the stock an “overweight” rating in a report on Monday, February 6th. Piper Sandler raised their price target on shares of Ollie’s Bargain Outlet from $60.00 to $72.00 and gave the company an “overweight” rating in a research report on Tuesday, February 28th. JPMorgan Chase & Co. upgraded shares of Ollie’s Bargain Outlet from an “underweight” rating to a “neutral” rating and upped their target price for the stock from $56.00 to $66.00 in a research note on Monday, April 17th. Truist Financial raised their price objective on shares of Ollie’s Bargain Outlet from $46.00 to $59.00 and gave the company a “hold” rating in a report on Thursday, March 23rd. Finally, StockNews.com upgraded Ollie’s Bargain Outlet from a “sell” rating to a “hold” rating in a research note on Friday, March 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $62.13.

Insider Transactions at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, Director Thomas Hendrickson sold 3,000 shares of the firm’s stock in a transaction dated Friday, March 24th. The stock was sold at an average price of $58.52, for a total value of $175,560.00. Following the sale, the director now directly owns 610 shares of the company’s stock, valued at approximately $35,697.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.74% of the company’s stock.

Ollie’s Bargain Outlet Stock Down 1.8 %

NASDAQ:OLLI opened at $65.78 on Tuesday. Ollie’s Bargain Outlet Holdings, Inc. has a fifty-two week low of $40.40 and a fifty-two week high of $72.27. The stock has a market cap of $4.07 billion, a PE ratio of 40.11, a price-to-earnings-growth ratio of 1.21 and a beta of 0.97. The firm’s fifty day simple moving average is $60.07 and its 200-day simple moving average is $56.25.

Ollie’s Bargain Outlet (NASDAQ:OLLI – Get Rating) last released its quarterly earnings results on Wednesday, March 22nd. The company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.04. The business had revenue of $549.80 million for the quarter, compared to analysts’ expectations of $542.18 million. Ollie’s Bargain Outlet had a return on equity of 7.69% and a net margin of 5.63%. The company’s revenue was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.69 EPS. Equities analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 2.57 earnings per share for the current year.

About Ollie’s Bargain Outlet

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Ollie’s Bargain Outlet Holdings, Inc is a holding company, which engages in the retail of closeouts, excess inventory, and salvage merchandise. It offers overstocks, package changes, manufacturer refurbished goods, and irregulars. The company’s products include housewares, food, books and stationery, bed and bath, floor coverings, electronics and toys.