Ollie’s Bargain Outlet Holdings, Inc. $OLLI Stock Holdings Lowered by Cetera Investment Advisers

Cetera Investment Advisers cut its holdings in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 5.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,224 shares of the company’s stock after selling 638 shares during the period. Cetera Investment Advisers’ holdings in Ollie’s Bargain Outlet were worth $1,479,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in OLLI. Axiom Investors LLC DE acquired a new stake in shares of Ollie’s Bargain Outlet during the 1st quarter valued at $4,749,000. Intrust Bank NA acquired a new stake in shares of Ollie’s Bargain Outlet during the first quarter worth $607,000. Alyeska Investment Group L.P. purchased a new stake in shares of Ollie’s Bargain Outlet during the first quarter valued at $33,615,000. Benjamin Edwards Inc. acquired a new position in shares of Ollie’s Bargain Outlet in the 1st quarter valued at $266,000. Finally, Federated Hermes Inc. boosted its position in shares of Ollie’s Bargain Outlet by 24.8% in 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 period.

Insiders Place Their Bets

In other Ollie’s Bargain Outlet news, Chairman John W. Swygert sold 107,058 shares of the business’s stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $132.87, for a total value of $14,224,796.46. Following the transaction, the chairman owned 48,200 shares in the company, valued at $6,404,334. The trade was a 68.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Robert F. Helm sold 1,493 shares of the firm’s stock in a transaction dated Friday, October 17th. The stock was sold at an average price of $122.92, for a total value of $183,519.56. Following the sale, the chief financial officer directly owned 4,008 shares of the company’s stock, valued at $492,663.36. This trade represents a 27.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 128,890 shares of company stock valued at $17,057,659 in the last three months. Company insiders own 0.87% of the company’s stock.

Wall Street Analysts Forecast Growth

OLLI has been the topic of several recent analyst reports. 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 target on shares of Ollie’s Bargain Outlet in a report on Friday, August 29th. Royal Bank Of Canada decreased their price objective on shares of Ollie’s Bargain Outlet from $149.00 to $147.00 and set an “outperform” rating for the company in a research note on Friday, October 24th. Truist Financial lifted their price objective on shares of Ollie’s Bargain Outlet from $146.00 to $148.00 and gave the stock a “buy” rating in a research report on Thursday, August 28th. Finally, Bank of America increased their target price on Ollie’s Bargain Outlet from $130.00 to $145.00 and gave the company a “buy” rating in a report on Friday, August 29th. Nine analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Ollie’s Bargain Outlet currently has an average rating of “Moderate Buy” and a consensus price target of $145.38.

Ollie’s Bargain Outlet Stock Performance

Ollie’s Bargain Outlet stock opened at $121.65 on Tuesday. Ollie’s Bargain Outlet Holdings, Inc. has a twelve month low of $94.15 and a twelve month high of $141.74. 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. The firm’s 50 day moving average price is $125.21 and its two-hundred day moving average price is $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.