Blueshift Asset Management LLC Cuts Stock Holdings in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Blueshift Asset Management LLC lessened its position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 26.0% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 22,947 shares of the company’s stock after selling 8,043 shares during the period. Ollie’s Bargain Outlet makes up about 0.9% of Blueshift Asset Management LLC’s holdings, making the stock its 9th largest position. Blueshift Asset Management LLC’s holdings in Ollie’s Bargain Outlet were worth $3,024,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of OLLI. Axiom Investors LLC DE acquired a new position in Ollie’s Bargain Outlet during the first quarter worth $4,749,000. Intrust Bank NA bought a new stake in shares of Ollie’s Bargain Outlet during the first quarter worth about $607,000. Alyeska Investment Group L.P. acquired a new stake in shares of Ollie’s Bargain Outlet in the 1st quarter worth about $33,615,000. Benjamin Edwards Inc. bought a new position in Ollie’s Bargain Outlet in the 1st quarter valued at about $266,000. Finally, Federated Hermes Inc. boosted its stake in Ollie’s Bargain Outlet by 24.8% during the 1st quarter. Federated Hermes Inc. now owns 25,284 shares of the company’s stock valued at $2,942,000 after purchasing an additional 5,029 shares during the last quarter.

Insiders Place Their Bets

In other Ollie’s Bargain Outlet news, CEO Der Valk Eric Van sold 4,000 shares of the firm’s stock in a transaction on Monday, September 29th. The stock was sold at an average price of $132.27, for a total value of $529,080.00. Following the completion of the sale, the chief executive officer directly 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. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP James J. Comitale sold 1,775 shares of the company’s stock in a transaction on Monday, October 20th. The shares were sold at an average price of $125.75, for a total value of $223,206.25. Following the transaction, the senior vice president directly owned 2,898 shares in the company, valued at $364,423.50. This represents a 37.98% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 128,890 shares of company stock valued at $17,057,659. Company insiders own 0.87% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the company. Jefferies Financial Group increased their price objective on Ollie’s Bargain Outlet from $111.00 to $135.00 and gave the stock a “hold” rating in a research note on Friday, August 29th. Wall Street Zen downgraded Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating in a report on Sunday, November 9th. Craig Hallum set a $156.00 price objective on Ollie’s Bargain Outlet in a research note on Friday, August 29th. Bank of America lifted their price objective on shares of Ollie’s Bargain Outlet from $130.00 to $145.00 and gave the stock a “buy” rating in a report on Friday, August 29th. Finally, KeyCorp increased 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $145.38.

Ollie’s Bargain Outlet Price Performance

Shares of Ollie’s Bargain Outlet stock opened at $121.65 on Tuesday. The firm has a market cap of $7.46 billion, a PE ratio of 35.26, a P/E/G ratio of 2.51 and a beta of 0.44. Ollie’s Bargain Outlet Holdings, Inc. has a 1 year low of $94.15 and a 1 year high of $141.74. The stock has a fifty day moving average price of $125.21 and a 200-day moving average price of $126.88.

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.