Farther Finance Advisors LLC Raises Holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Farther Finance Advisors LLC raised its holdings in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 26.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,356 shares of the company’s stock after purchasing an additional 703 shares during the period. Farther Finance Advisors LLC’s holdings in Ollie’s Bargain Outlet were worth $330,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Venturi Wealth Management LLC boosted its stake in Ollie’s Bargain Outlet by 194.3% during the 1st quarter. Venturi Wealth Management LLC now owns 309 shares of the company’s stock valued at $25,000 after purchasing an additional 204 shares during the last quarter. International Assets Investment Management LLC purchased a new position in shares of Ollie’s Bargain Outlet in the 2nd quarter worth $25,000. ORG Partners LLC purchased a new position in shares of Ollie’s Bargain Outlet in the 1st quarter worth $28,000. Blue Bell Private Wealth Management LLC purchased a new position in shares of Ollie’s Bargain Outlet in the 1st quarter worth $29,000. Finally, Opal Wealth Advisors LLC purchased a new position in shares of Ollie’s Bargain Outlet in the 2nd quarter worth $31,000.

Ollie’s Bargain Outlet Trading Down 0.3 %

Shares of OLLI stock opened at $88.75 on Thursday. Ollie’s Bargain Outlet Holdings, Inc. has a 12-month low of $68.05 and a 12-month high of $104.98. The stock’s 50-day moving average price is $96.19 and its 200-day moving average price is $84.84. The stock has a market capitalization of $5.44 billion, a price-to-earnings ratio of 28.00, a price-to-earnings-growth ratio of 2.43 and a beta of 0.84.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings data on Thursday, August 29th. The company reported $0.78 earnings per share for the quarter, hitting the consensus estimate of $0.78. Ollie’s Bargain Outlet had a return on equity of 13.27% and a net margin of 9.19%. The company had revenue of $578.38 million for the quarter, compared to analysts’ expectations of $561.60 million. During the same period in the previous year, the firm posted $0.67 earnings per share. The firm’s revenue for the quarter was up 12.4% on a year-over-year basis. As a group, research analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.27 EPS for the current fiscal year.

Analyst Ratings Changes

OLLI has been the topic of a number of research reports. Royal Bank of Canada dropped their price target on Ollie’s Bargain Outlet from $101.00 to $100.00 and set an “outperform” rating on the stock in a research note on Friday, August 30th. Wells Fargo & Company lifted their target price on Ollie’s Bargain Outlet from $85.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday, June 6th. Craig Hallum lifted their target price on Ollie’s Bargain Outlet from $100.00 to $105.00 and gave the company a “buy” rating in a research report on Thursday, June 6th. Morgan Stanley lifted their target price on Ollie’s Bargain Outlet from $80.00 to $92.00 and gave the company an “equal weight” rating in a research report on Thursday, June 6th. Finally, StockNews.com downgraded Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company. According to MarketBeat, Ollie’s Bargain Outlet currently has an average rating of “Moderate Buy” and an average target price of $103.33.

Insiders Place Their Bets

In other Ollie’s Bargain Outlet news, SVP James J. Comitale sold 2,153 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $104.17, for a total transaction of $224,278.01. Following the completion of the transaction, the senior vice president now owns 2,732 shares in the company, valued at $284,592.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, SVP James J. Comitale sold 2,153 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $104.17, for a total value of $224,278.01. Following the completion of the sale, the senior vice president now owns 2,732 shares in the company, valued at $284,592.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thomas Hendrickson sold 4,500 shares of the business’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $97.54, for a total value of $438,930.00. Following the completion of the sale, the director now owns 5,659 shares of the company’s stock, valued at approximately $551,978.86. The disclosure for this sale can be found here. 0.87% of the stock is currently owned by insiders.

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.