Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Shares Sold by City State Bank

City State Bank reduced its position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 33.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 300 shares of the company’s stock after selling 150 shares during the quarter. City State Bank’s holdings in Ollie’s Bargain Outlet were worth $29,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Versant Capital Management Inc acquired a new stake in shares of Ollie’s Bargain Outlet in the second quarter valued at approximately $38,000. GAMMA Investing LLC lifted its holdings in shares of Ollie’s Bargain Outlet by 686.7% during the second quarter. GAMMA Investing LLC now owns 472 shares of the company’s stock worth $46,000 after purchasing an additional 412 shares during the period. Cetera Advisors LLC acquired a new stake in shares of Ollie’s Bargain Outlet during the first quarter worth $228,000. Atria Investments Inc lifted its holdings in shares of Ollie’s Bargain Outlet by 2.7% during the first quarter. Atria Investments Inc now owns 21,092 shares of the company’s stock worth $1,678,000 after purchasing an additional 558 shares during the period. Finally, Vista Investment Partners LLC lifted its holdings in shares of Ollie’s Bargain Outlet by 1.8% during the first quarter. Vista Investment Partners LLC now owns 11,087 shares of the company’s stock worth $882,000 after purchasing an additional 191 shares during the period.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Loop Capital increased their price target on Ollie’s Bargain Outlet from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Monday, June 24th. Craig Hallum increased their price target on Ollie’s Bargain Outlet from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Thursday, June 6th. Wells Fargo & Company increased their price objective on Ollie’s Bargain Outlet from $85.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, June 6th. Bank of America increased their price objective on Ollie’s Bargain Outlet from $92.00 to $102.00 and gave the stock a “buy” rating in a research report on Thursday, June 6th. Finally, Piper Sandler increased their price objective on Ollie’s Bargain Outlet from $100.00 to $107.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 25th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $102.08.

Insiders Place Their Bets

In other Ollie’s Bargain Outlet news, President Der Valk Eric Van sold 1,438 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $90.00, for a total value of $129,420.00. Following the sale, the president now directly owns 4,158 shares of the company’s stock, valued at approximately $374,220. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, SVP James J. Comitale sold 2,153 shares of Ollie’s Bargain Outlet stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $104.17, for a total value of $224,278.01. Following the transaction, the senior vice president now directly owns 2,732 shares of the company’s stock, valued at approximately $284,592.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Der Valk Eric Van sold 1,438 shares of Ollie’s Bargain Outlet stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $90.00, for a total value of $129,420.00. Following the completion of the transaction, the president now directly owns 4,158 shares in the company, valued at $374,220. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 34,367 shares of company stock valued at $3,061,165. Insiders own 0.87% of the company’s stock.

Ollie’s Bargain Outlet Trading Up 0.5 %

Shares of OLLI stock traded up $0.49 during mid-day trading on Tuesday, reaching $94.19. The stock had a trading volume of 664,664 shares, compared to its average volume of 1,002,766. Ollie’s Bargain Outlet Holdings, Inc. has a 12-month low of $68.05 and a 12-month high of $104.98. The company has a market cap of $5.77 billion, a P/E ratio of 29.71, a price-to-earnings-growth ratio of 2.65 and a beta of 0.90. The business has a 50-day simple moving average of $94.75 and a 200 day simple moving average of $82.25.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings data on Wednesday, June 5th. The company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.08. The firm had revenue of $508.82 million during the quarter, compared to analysts’ expectations of $506.49 million. Ollie’s Bargain Outlet had a return on equity of 13.22% and a net margin of 9.14%. The firm’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.49 EPS. Research analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.27 EPS for the current year.

Ollie’s Bargain Outlet Company Profile

Ollie's Bargain Outlet Holdings, Inc operates as a retailer of brand name merchandise in the United States. The company offers housewares, bed and bath, food, floor coverings, health and beauty aids, books and stationery, toys, and electronics; and other products, including hardware, candy, clothing, sporting goods, pet and lawn, and garden products.