BNP Paribas Financial Markets Trims Stock Holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

BNP Paribas Financial Markets trimmed its holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLIFree Report) by 38.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 86,413 shares of the company’s stock after selling 54,919 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.14% of Ollie’s Bargain Outlet worth $6,876,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Moran Wealth Management LLC purchased a new stake in shares of Ollie’s Bargain Outlet in the fourth quarter worth approximately $10,686,000. AGF Management Ltd. purchased a new position in Ollie’s Bargain Outlet during the 4th quarter worth $2,835,000. CHURCHILL MANAGEMENT Corp purchased a new position in Ollie’s Bargain Outlet during the 1st quarter worth $1,621,000. Louisiana State Employees Retirement System purchased a new position in Ollie’s Bargain Outlet during the 4th quarter worth $1,313,000. Finally, Wells Fargo & Company MN increased its holdings in Ollie’s Bargain Outlet by 8.2% during the 4th quarter. Wells Fargo & Company MN now owns 200,720 shares of the company’s stock worth $15,233,000 after purchasing an additional 15,187 shares during the period.

Insider Buying and Selling at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, SVP Kevin Mclain sold 11,340 shares of Ollie’s Bargain Outlet stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $85.75, for a total transaction of $972,405.00. Following the completion of the transaction, the senior vice president now owns 10,610 shares in the company, valued at approximately $909,807.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Ollie’s Bargain Outlet news, CEO John W. Swygert sold 14,736 shares of the business’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $86.81, for a total transaction of $1,279,232.16. Following the completion of the sale, the chief executive officer now directly owns 48,200 shares in the company, valued at approximately $4,184,242. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Kevin Mclain sold 11,340 shares of the business’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $85.75, for a total value of $972,405.00. Following the sale, the senior vice president now owns 10,610 shares of the company’s stock, valued at $909,807.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 37,384 shares of company stock worth $3,211,937. Insiders own 0.87% of the company’s stock.

Ollie’s Bargain Outlet Stock Performance

Shares of OLLI opened at $98.80 on Thursday. The stock has a 50-day moving average of $86.04 and a two-hundred day moving average of $78.75. Ollie’s Bargain Outlet Holdings, Inc. has a one year low of $66.59 and a one year high of $100.88. The stock has a market cap of $6.05 billion, a P/E ratio of 31.17, a P/E/G ratio of 2.71 and a beta of 0.90.

Ollie’s Bargain Outlet (NASDAQ:OLLIGet Free Report) last released its quarterly earnings data on Wednesday, June 5th. The company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.08. The business had revenue of $508.82 million during the quarter, compared to analyst estimates of $506.49 million. Ollie’s Bargain Outlet had a return on equity of 13.22% and a net margin of 9.14%. The company’s revenue was up 10.8% on a year-over-year basis. During the same quarter last year, the business posted $0.49 EPS. Analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.26 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have commented on OLLI. Morgan Stanley raised their price objective on Ollie’s Bargain Outlet from $80.00 to $92.00 and gave the stock an “equal weight” rating in a report on Thursday, June 6th. Loop Capital increased their target price on Ollie’s Bargain Outlet from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Monday, June 24th. Royal Bank of Canada increased their target price on Ollie’s Bargain Outlet from $86.00 to $101.00 and gave the company an “outperform” rating in a research report on Thursday, June 6th. Truist Financial reaffirmed a “buy” rating and set a $102.00 target price on shares of Ollie’s Bargain Outlet in a research report on Monday, July 1st. Finally, Piper Sandler increased their target price on 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 equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $101.50.

Read Our Latest Report on Ollie’s Bargain Outlet

Ollie’s Bargain Outlet Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Ollie's Bargain Outlet (NASDAQ:OLLI)

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