Cerity Partners LLC Reduces Position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Cerity Partners LLC lowered its stake in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 29.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 6,363 shares of the company’s stock after selling 2,614 shares during the period. Cerity Partners LLC’s holdings in Ollie’s Bargain Outlet were worth $686,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in OLLI. Legacy Capital Wealth Partners LLC lifted its holdings in Ollie’s Bargain Outlet by 3.4% in the fourth quarter. Legacy Capital Wealth Partners LLC now owns 2,834 shares of the company’s stock valued at $311,000 after acquiring an additional 94 shares during the period. Blue Trust Inc. increased its holdings in Ollie’s Bargain Outlet by 55.2% during the fourth quarter. Blue Trust Inc. now owns 284 shares of the company’s stock valued at $31,000 after buying an additional 101 shares during the last quarter. UMB Bank n.a. raised its position in Ollie’s Bargain Outlet by 25.3% in the fourth quarter. UMB Bank n.a. now owns 545 shares of the company’s stock worth $60,000 after acquiring an additional 110 shares during the period. Precision Wealth Strategies LLC grew its position in shares of Ollie’s Bargain Outlet by 3.2% during the 4th quarter. Precision Wealth Strategies LLC now owns 3,889 shares of the company’s stock valued at $427,000 after acquiring an additional 119 shares during the period. Finally, Pitcairn Co. increased its stake in shares of Ollie’s Bargain Outlet by 1.7% in the 4th quarter. Pitcairn Co. now owns 7,244 shares of the company’s stock worth $795,000 after purchasing an additional 120 shares in the last quarter.

Ollie’s Bargain Outlet Trading Up 1.8 %

Shares of NASDAQ:OLLI opened at $111.95 on Monday. The company has a market capitalization of $6.86 billion, a price-to-earnings ratio of 33.42, a PEG ratio of 2.21 and a beta of 0.75. Ollie’s Bargain Outlet Holdings, Inc. has a 12 month low of $70.17 and a 12 month high of $120.03. The firm’s 50-day moving average is $106.89 and its 200 day moving average is $103.96.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings data on Wednesday, March 19th. The company reported $1.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.01). Ollie’s Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. The business had revenue of $667.10 million for the quarter, compared to analysts’ expectations of $674.61 million. During the same quarter in the previous year, the firm earned $1.23 EPS. Ollie’s Bargain Outlet’s revenue was up 2.8% compared to the same quarter last year. As a group, equities analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. UBS Group lifted their price objective on Ollie’s Bargain Outlet from $117.00 to $123.00 and gave the company a “neutral” rating in a research report on Thursday, March 20th. StockNews.com cut shares of Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research note on Tuesday, February 4th. Loop Capital lifted their target price on shares of Ollie’s Bargain Outlet from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. Morgan Stanley raised their price target on Ollie’s Bargain Outlet from $108.00 to $118.00 and gave the company an “equal weight” rating in a report on Thursday, March 20th. Finally, Jefferies Financial Group lowered Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $125.00 to $111.00 in a research note on Tuesday, February 4th. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $123.08.

Insiders Place Their Bets

In related news, SVP Kevin Mclain sold 4,799 shares of the company’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $115.56, for a total value of $554,572.44. Following the completion of the sale, the senior vice president now directly owns 12,336 shares of the company’s stock, valued at $1,425,548.16. This represents a 28.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Robert F. Helm sold 312 shares of the firm’s stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $107.17, for a total transaction of $33,437.04. Following the transaction, the chief financial officer now directly owns 3,273 shares in the company, valued at $350,767.41. This trade represents a 8.70 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 37,897 shares of company stock worth $4,227,970 in the last ninety days. 0.87% of the stock is owned by company insiders.

Ollie’s Bargain Outlet Company Profile

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.