Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers reduced its stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 37.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,862 shares of the company’s stock after selling 7,222 shares during the period. Cetera Investment Advisers’ holdings in Ollie’s Bargain Outlet were worth $1,380,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Wedmont Private Capital grew its holdings in shares of Ollie’s Bargain Outlet by 4.5% during the first quarter. Wedmont Private Capital now owns 2,084 shares of the company’s stock worth $238,000 after buying an additional 89 shares during the last quarter. Coldstream Capital Management Inc. lifted its position in shares of Ollie’s Bargain Outlet by 3.4% during the 4th quarter. Coldstream Capital Management Inc. now owns 2,912 shares of the company’s stock valued at $320,000 after acquiring an additional 97 shares during the period. Xponance Inc. lifted its position in shares of Ollie’s Bargain Outlet by 1.4% during the 1st quarter. Xponance Inc. now owns 7,231 shares of the company’s stock valued at $841,000 after acquiring an additional 102 shares during the period. State of Wyoming lifted its position in shares of Ollie’s Bargain Outlet by 7.4% during the 4th quarter. State of Wyoming now owns 2,156 shares of the company’s stock valued at $237,000 after acquiring an additional 148 shares during the period. Finally, Treasurer of the State of North Carolina raised its position in shares of Ollie’s Bargain Outlet by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 26,799 shares of the company’s stock worth $2,941,000 after purchasing an additional 160 shares during the last quarter.

Wall Street Analysts Forecast Growth

OLLI has been the subject of several research reports. Loop Capital downgraded Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and set a $130.00 price objective for the company. in a research report on Tuesday, June 24th. Truist Financial boosted their price target 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 price target on Ollie’s Bargain Outlet and gave the company an “overweight” rating in a report on Thursday, June 26th. Wall Street Zen upgraded Ollie’s Bargain Outlet from a “sell” rating to a “hold” rating in a report on Tuesday, May 13th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $133.00 price target on shares of Ollie’s Bargain Outlet in a report on Wednesday, June 4th. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $126.79.

Ollie’s Bargain Outlet Trading Down 3.0%

Shares of Ollie’s Bargain Outlet stock opened at $135.10 on Monday. Ollie’s Bargain Outlet Holdings, Inc. has a twelve month low of $86.05 and a twelve month high of $141.74. The stock has a market cap of $8.29 billion, a price-to-earnings ratio of 41.57, a price-to-earnings-growth ratio of 3.04 and a beta of 0.40. The company has a fifty day moving average price of $127.79 and a 200 day moving average price of $115.29.

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

Insider Buying and Selling

In other Ollie’s Bargain Outlet news, CEO Der Valk Eric Van sold 728 shares of the business’s stock in a transaction on Friday, June 13th. The shares were sold at an average price of $112.85, for a total value of $82,154.80. Following the transaction, the chief executive officer owned 7,761 shares in the company, valued at $875,828.85. The trade was a 8.58% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.87% of the stock is owned by corporate insiders.

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.