Cambridge Investment Research Advisors Inc. Lowers Holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Cambridge Investment Research Advisors Inc. decreased its stake in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 23.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,343 shares of the company’s stock after selling 723 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Ollie’s Bargain Outlet were worth $273,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of OLLI. Wedmont Private Capital increased its position in shares of Ollie’s Bargain Outlet by 4.5% during the 1st quarter. Wedmont Private Capital now owns 2,084 shares of the company’s stock valued at $238,000 after purchasing an additional 89 shares during the last quarter. Coldstream Capital Management Inc. increased its holdings in Ollie’s Bargain Outlet by 3.4% in the 4th quarter. Coldstream Capital Management Inc. now owns 2,912 shares of the company’s stock worth $320,000 after acquiring an additional 97 shares in the last quarter. Pitcairn Co. increased its holdings in 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 acquiring an additional 120 shares in the last quarter. Covestor Ltd increased its holdings in Ollie’s Bargain Outlet by 11.5% in the 4th quarter. Covestor Ltd now owns 1,387 shares of the company’s stock worth $152,000 after acquiring an additional 143 shares in the last quarter. Finally, State of Wyoming boosted its stake in Ollie’s Bargain Outlet by 7.4% in the 4th quarter. State of Wyoming now owns 2,156 shares of the company’s stock worth $237,000 after purchasing an additional 148 shares during the period.

Ollie’s Bargain Outlet Trading Up 0.3%

OLLI opened at $127.01 on Friday. The stock’s 50-day moving average price is $119.11 and its 200 day moving average price is $111.48. Ollie’s Bargain Outlet Holdings, Inc. has a 12-month low of $86.05 and a 12-month high of $134.59. The firm has a market cap of $7.79 billion, a price-to-earnings ratio of 39.08, a PEG ratio of 2.86 and a beta of 0.41.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings results on Tuesday, June 3rd. The company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.05. Ollie’s Bargain Outlet had a return on equity of 12.27% and a net margin of 8.59%. The firm had revenue of $576.77 million for the quarter, compared to the consensus estimate of $565.04 million. During the same quarter last year, the business posted $0.73 EPS. The firm’s quarterly revenue was up 13.4% compared to the same quarter last year. On average, research analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

Insider Transactions at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, CEO Der Valk Eric Van sold 728 shares of the firm’s stock in a transaction on Friday, June 13th. The stock was sold at an average price of $112.85, for a total transaction of $82,154.80. Following the completion of the transaction, the chief executive officer owned 7,761 shares of the company’s stock, valued at approximately $875,828.85. This trade represents a 8.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.75% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Loop Capital downgraded Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and set a $130.00 target price for the company. in a research report on Tuesday, June 24th. KeyCorp set a $145.00 price target on Ollie’s Bargain Outlet and gave the stock an “overweight” rating in a research report on Thursday, June 26th. Piper Sandler restated an “overweight” rating and issued a $123.00 price target (down from $124.00) on shares of Ollie’s Bargain Outlet in a research report on Wednesday, June 4th. Morgan Stanley raised their price target on Ollie’s Bargain Outlet from $108.00 to $118.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 20th. Finally, Wall Street Zen upgraded Ollie’s Bargain Outlet from a “sell” rating to a “hold” rating in a research report on Tuesday, May 13th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $125.21.

Ollie’s Bargain Outlet 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.