Atria Wealth Solutions Inc. Purchases 359 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Atria Wealth Solutions Inc. increased its holdings in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 9.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 3,986 shares of the company’s stock after acquiring an additional 359 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Ollie’s Bargain Outlet were worth $303,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Operose Advisors LLC acquired a new stake in shares of Ollie’s Bargain Outlet in the third quarter valued at about $26,000. CWM LLC boosted its position in shares of Ollie’s Bargain Outlet by 25.8% during the 4th quarter. CWM LLC now owns 1,741 shares of the company’s stock valued at $132,000 after purchasing an additional 357 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in Ollie’s Bargain Outlet during the third quarter worth approximately $143,000. DekaBank Deutsche Girozentrale bought a new stake in Ollie’s Bargain Outlet in the third quarter worth approximately $181,000. Finally, Shelton Capital Management bought a new position in shares of Ollie’s Bargain Outlet during the 3rd quarter worth approximately $205,000.

Insider Buying and Selling at Ollie’s Bargain Outlet

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

Ollie’s Bargain Outlet Stock Down 1.1 %

OLLI stock opened at $78.60 on Thursday. The firm has a market cap of $4.82 billion, a PE ratio of 26.92 and a beta of 0.76. The business has a 50 day moving average of $74.98 and a 200-day moving average of $75.25. Ollie’s Bargain Outlet Holdings, Inc. has a 12-month low of $52.93 and a 12-month high of $84.38.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings data on Wednesday, March 20th. The company reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.07. The firm had revenue of $648.90 million during the quarter, compared to the consensus estimate 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 for the quarter was up 18.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.84 EPS. On average, research analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.19 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on OLLI shares. Loop Capital upgraded shares of Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and lifted their price objective for the company from $80.00 to $90.00 in a research note on Friday, April 5th. Royal Bank of Canada reiterated an “outperform” rating and set a $86.00 price objective on shares of Ollie’s Bargain Outlet in a report on Thursday, March 21st. Truist Financial raised Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and raised their price objective for the company from $80.00 to $86.00 in a research note on Friday, May 3rd. The Goldman Sachs Group raised their price objective on shares of Ollie’s Bargain Outlet from $91.00 to $104.00 and gave the company a “buy” rating in a research note on Thursday, March 21st. Finally, JPMorgan Chase & Co. lowered their target price on shares of Ollie’s Bargain Outlet from $88.00 to $85.00 and set a “neutral” rating on the stock in a report on Thursday, March 21st. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $87.08.

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.