Charles Schwab Investment Management Inc. Sells 22,099 Shares of Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Charles Schwab Investment Management Inc. trimmed its position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 3.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 721,503 shares of the company’s stock after selling 22,099 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.18% of Ollie’s Bargain Outlet worth $95,080,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Assetmark Inc. grew its stake in shares of Ollie’s Bargain Outlet by 44.8% in the second quarter. Assetmark Inc. now owns 265 shares of the company’s stock valued at $35,000 after acquiring an additional 82 shares in the last quarter. Maseco LLP acquired a new position in shares of Ollie’s Bargain Outlet during the 2nd quarter worth approximately $36,000. Brooklyn Investment Group increased its holdings in shares of Ollie’s Bargain Outlet by 133.5% during the first quarter. Brooklyn Investment Group now owns 390 shares of the company’s stock worth $45,000 after purchasing an additional 223 shares during the period. MAI Capital Management increased its holdings in shares of Ollie’s Bargain Outlet by 28.5% during the second quarter. MAI Capital Management now owns 397 shares of the company’s stock worth $52,000 after purchasing an additional 88 shares during the period. Finally, Independent Advisor Alliance acquired a new stake in shares of Ollie’s Bargain Outlet in the first quarter valued at approximately $200,000.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on OLLI shares. Piper Sandler increased their price target on Ollie’s Bargain Outlet from $123.00 to $150.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 19th. Wells Fargo & Company increased their target price on Ollie’s Bargain Outlet from $105.00 to $130.00 and gave the stock an “equal weight” rating in a report on Friday, August 29th. Craig Hallum set a $156.00 price target on Ollie’s Bargain Outlet in a research report on Friday, August 29th. Morgan Stanley upped their price objective on shares of Ollie’s Bargain Outlet from $118.00 to $145.00 and gave the stock an “equal weight” rating in a research report on Friday, August 29th. Finally, KeyCorp raised their target price on shares of Ollie’s Bargain Outlet from $145.00 to $154.00 and gave the company an “overweight” rating in a report on Friday, September 19th. Nine research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $145.31.

Insider Activity at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, SVP James J. Comitale sold 1,775 shares of the business’s stock in a transaction on Monday, October 20th. The shares were sold at an average price of $125.75, for a total transaction of $223,206.25. Following the sale, the senior vice president owned 2,898 shares of the company’s stock, valued at approximately $364,423.50. The trade was a 37.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Der Valk Eric Van sold 4,000 shares of the company’s stock in a transaction on Monday, September 29th. The stock was sold at an average price of $132.27, for a total transaction of $529,080.00. Following the transaction, the chief executive officer owned 7,761 shares of the company’s stock, valued at $1,026,547.47. This trade represents a 34.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 128,890 shares of company stock worth $17,057,659 in the last ninety days. Insiders own 0.75% of the company’s stock.

Ollie’s Bargain Outlet Stock Down 2.0%

Shares of OLLI stock opened at $122.72 on Friday. The business has a fifty day simple moving average of $125.43 and a 200 day simple moving average of $126.64. The company has a market cap of $7.52 billion, a P/E ratio of 35.57, a P/E/G ratio of 2.55 and a beta of 0.41. Ollie’s Bargain Outlet Holdings, Inc. has a twelve month low of $94.15 and a twelve month high of $141.74.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its earnings results on Thursday, August 28th. The company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.08. The firm had revenue of $679.56 million for the quarter, compared to analysts’ expectations of $658.03 million. Ollie’s Bargain Outlet had a return on equity of 12.66% and a net margin of 8.74%.The business’s revenue for the quarter was up 17.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.78 earnings per share. As a group, equities research analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal year.

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.