Truist Financial Corp Acquires 5,330 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Truist Financial Corp increased its holdings in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 37.3% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 19,627 shares of the company’s stock after purchasing an additional 5,330 shares during the period. Truist Financial Corp’s holdings in Ollie’s Bargain Outlet were worth $1,137,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Campbell Newman Asset Management Inc. lifted its position in Ollie’s Bargain Outlet by 0.9% during the first quarter. Campbell Newman Asset Management Inc. now owns 19,144 shares of the company’s stock worth $1,109,000 after acquiring an additional 180 shares during the last quarter. Voya Investment Management LLC lifted its position in Ollie’s Bargain Outlet by 1.2% during the fourth quarter. Voya Investment Management LLC now owns 16,627 shares of the company’s stock worth $779,000 after acquiring an additional 196 shares during the last quarter. Treasurer of the State of North Carolina lifted its position in Ollie’s Bargain Outlet by 0.7% during the first quarter. Treasurer of the State of North Carolina now owns 27,285 shares of the company’s stock worth $1,581,000 after acquiring an additional 200 shares during the last quarter. Arizona State Retirement System lifted its position in Ollie’s Bargain Outlet by 1.3% during the second quarter. Arizona State Retirement System now owns 16,530 shares of the company’s stock worth $958,000 after acquiring an additional 208 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC lifted its position in Ollie’s Bargain Outlet by 1.3% during the second quarter. Linden Thomas Advisory Services LLC now owns 16,599 shares of the company’s stock worth $962,000 after acquiring an additional 219 shares during the last quarter.

Ollie’s Bargain Outlet Stock Performance

Shares of NASDAQ:OLLI opened at $79.75 on Monday. The company has a fifty day moving average of $75.47 and a 200-day moving average of $69.20. The company has a market capitalization of $4.92 billion, a PE ratio of 33.23, a price-to-earnings-growth ratio of 1.07 and a beta of 0.96. Ollie’s Bargain Outlet Holdings, Inc. has a 52-week low of $44.72 and a 52-week high of $81.24.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings results on Thursday, August 31st. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.06. The company had revenue of $514.50 million during the quarter, compared to the consensus estimate of $499.04 million. Ollie’s Bargain Outlet had a net margin of 7.69% and a return on equity of 10.80%. The company’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.22 earnings per share. On average, equities analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 2.72 EPS for the current fiscal year.

Insider Activity at Ollie’s Bargain Outlet

In related news, CEO John W. Swygert sold 3,549 shares of the stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $73.38, for a total value of $260,425.62. Following the completion of the sale, the chief executive officer now directly owns 48,200 shares in the company, valued at $3,536,916. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO John W. Swygert sold 3,549 shares of the stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $73.38, for a total value of $260,425.62. Following the completion of the sale, the chief executive officer now directly owns 48,200 shares in the company, valued at $3,536,916. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Larry Kraus sold 3,000 shares of the stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $79.00, for a total value of $237,000.00. Following the completion of the sale, the vice president now owns 2,928 shares of the company’s stock, valued at $231,312. The disclosure for this sale can be found here. 0.86% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

OLLI has been the subject of several research reports. StockNews.com initiated coverage on shares of Ollie’s Bargain Outlet in a research report on Thursday, October 5th. They set a “hold” rating for the company. Royal Bank of Canada lifted their price target on shares of Ollie’s Bargain Outlet from $73.00 to $84.00 and gave the company an “outperform” rating in a research report on Friday, September 1st. Morgan Stanley lifted their price target on shares of Ollie’s Bargain Outlet from $58.00 to $75.00 and gave the company an “equal weight” rating in a research report on Tuesday, September 5th. Loop Capital lifted their price target on shares of Ollie’s Bargain Outlet from $71.00 to $80.00 and gave the company a “hold” rating in a research report on Friday, September 1st. Finally, UBS Group lifted their price target on shares of Ollie’s Bargain Outlet from $63.00 to $92.00 and gave the company a “neutral” rating in a research report on Friday, September 1st. One analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $76.00.

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.