Cwm LLC Decreases Stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Cwm LLC lowered its position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 8.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 3,510 shares of the company’s stock after selling 322 shares during the quarter. Cwm LLC’s holdings in Ollie’s Bargain Outlet were worth $408,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Corient Private Wealth LLC grew its holdings in Ollie’s Bargain Outlet by 86.2% during the 4th quarter. Corient Private Wealth LLC now owns 8,438 shares of the company’s stock valued at $926,000 after buying an additional 3,906 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in Ollie’s Bargain Outlet during the 4th quarter valued at about $1,635,000. LPL Financial LLC grew its holdings in Ollie’s Bargain Outlet by 4.7% during the 4th quarter. LPL Financial LLC now owns 106,980 shares of the company’s stock valued at $11,643,000 after buying an additional 4,772 shares in the last quarter. Vanguard Group Inc. grew its holdings in Ollie’s Bargain Outlet by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 5,821,957 shares of the company’s stock valued at $638,843,000 after buying an additional 70,496 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Ollie’s Bargain Outlet by 489.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 230 shares of the company’s stock valued at $25,000 after buying an additional 191 shares in the last quarter.

Ollie’s Bargain Outlet Price Performance

NASDAQ:OLLI opened at $131.75 on Friday. The business has a 50 day moving average of $122.61 and a 200 day moving average of $112.69. The company has a market capitalization of $8.08 billion, a price-to-earnings ratio of 40.54, a PEG ratio of 2.97 and a beta of 0.41. Ollie’s Bargain Outlet Holdings, Inc. has a 1-year low of $86.05 and a 1-year high of $136.98.

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

Insiders Place Their Bets

In other Ollie’s Bargain Outlet news, CEO Der Valk Eric Van sold 728 shares of the business’s stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $112.85, for a total value of $82,154.80. Following the completion of the sale, the chief executive officer owned 7,761 shares in the company, valued at approximately $875,828.85. The trade was a 8.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.75% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on OLLI. Truist Financial lifted their target price on Ollie’s Bargain Outlet from $126.00 to $128.00 and gave the company a “buy” rating in a report on Wednesday, June 4th. KeyCorp set a $145.00 target price on Ollie’s Bargain Outlet and gave the company an “overweight” rating in a report on Thursday, June 26th. JPMorgan Chase & Co. boosted their price objective on Ollie’s Bargain Outlet from $137.00 to $159.00 and gave the stock an “overweight” rating in a report on Monday. Wall Street Zen raised Ollie’s Bargain Outlet from a “sell” rating to a “hold” rating in a report on Tuesday, May 13th. Finally, Piper Sandler reissued an “overweight” rating and set a $123.00 price objective (down previously from $124.00) on shares of Ollie’s Bargain Outlet in a report on Wednesday, June 4th. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $126.79.

About Ollie’s Bargain Outlet

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.