Vanguard Group Inc. Reduces Position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Vanguard Group Inc. reduced its position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 0.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,801,356 shares of the company’s stock after selling 20,601 shares during the quarter. Vanguard Group Inc. owned approximately 9.45% of Ollie’s Bargain Outlet worth $675,046,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wedmont Private Capital increased its holdings in Ollie’s Bargain Outlet by 4.5% in the first quarter. Wedmont Private Capital now owns 2,084 shares of the company’s stock valued at $238,000 after buying an additional 89 shares during the last quarter. Coldstream Capital Management Inc. grew its holdings in shares of Ollie’s Bargain Outlet by 3.4% during the fourth quarter. Coldstream Capital Management Inc. now owns 2,912 shares of the company’s stock valued at $320,000 after purchasing an additional 97 shares during the last quarter. Xponance Inc. grew its holdings in shares of Ollie’s Bargain Outlet by 1.4% during the first quarter. Xponance Inc. now owns 7,231 shares of the company’s stock valued at $841,000 after purchasing an additional 102 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Ollie’s Bargain Outlet by 3.3% during the first quarter. PNC Financial Services Group Inc. now owns 4,565 shares of the company’s stock valued at $531,000 after purchasing an additional 146 shares during the last quarter. Finally, State of Wyoming grew its holdings in shares of Ollie’s Bargain Outlet by 7.4% during the fourth quarter. State of Wyoming now owns 2,156 shares of the company’s stock valued at $237,000 after purchasing an additional 148 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research firms have recently commented on OLLI. Loop Capital lowered Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and set a $130.00 target price for the company. in a report on Tuesday, June 24th. JPMorgan Chase & Co. upped their target price on Ollie’s Bargain Outlet from $137.00 to $159.00 and gave the company an “overweight” rating in a report on Monday, July 21st. 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. Wall Street Zen raised Ollie’s Bargain Outlet from a “sell” rating to a “hold” rating in a report on Tuesday, May 13th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $133.00 target price on shares of Ollie’s Bargain Outlet in a report on Wednesday, June 4th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $128.07.

Insider Activity

In other Ollie’s Bargain Outlet news, CEO Der Valk Eric Van sold 728 shares of the company’s stock in a transaction 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 transaction, the chief executive officer owned 7,761 shares of the company’s stock, valued at approximately $875,828.85. This represents a 8.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.75% of the company’s stock.

Ollie’s Bargain Outlet Price Performance

OLLI opened at $135.24 on Thursday. The company has a market capitalization of $8.30 billion, a price-to-earnings ratio of 41.61, a price-to-earnings-growth ratio of 2.99 and a beta of 0.40. Ollie’s Bargain Outlet Holdings, Inc. has a 1-year low of $86.05 and a 1-year high of $141.74. The business has a 50 day moving average price of $129.13 and a two-hundred day moving average price of $115.71.

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 firm 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%. The firm’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.73 earnings per share. Equities analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

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.