Blue Barn Wealth LLC Takes $234,000 Position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Blue Barn Wealth LLC bought a new stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) in the second quarter, HoldingsChannel.com reports. The institutional investor bought 2,387 shares of the company’s stock, valued at approximately $234,000.

Several other institutional investors and hedge funds have also bought and sold shares of OLLI. Atria Wealth Solutions Inc. increased its position in shares of Ollie’s Bargain Outlet by 9.9% in the fourth quarter. Atria Wealth Solutions Inc. now owns 3,986 shares of the company’s stock valued at $303,000 after acquiring an additional 359 shares during the period. Victory Capital Management Inc. increased its holdings in Ollie’s Bargain Outlet by 2.6% during the 4th quarter. Victory Capital Management Inc. now owns 16,140 shares of the company’s stock valued at $1,225,000 after purchasing an additional 404 shares during the period. Natixis Advisors L.P. raised its position in Ollie’s Bargain Outlet by 2.3% during the 4th quarter. Natixis Advisors L.P. now owns 27,605 shares of the company’s stock valued at $2,094,000 after purchasing an additional 628 shares during the last quarter. Los Angeles Capital Management LLC bought a new position in Ollie’s Bargain Outlet during the 4th quarter valued at approximately $221,000. Finally, Amalgamated Bank lifted its holdings in Ollie’s Bargain Outlet by 5.7% in the 4th quarter. Amalgamated Bank now owns 44,230 shares of the company’s stock worth $3,357,000 after buying an additional 2,401 shares during the period.

Insider Activity at Ollie’s Bargain Outlet

In other news, Director Thomas Hendrickson sold 4,500 shares of the stock in a transaction on Friday, June 21st. The shares were sold at an average price of $97.54, for a total value of $438,930.00. Following the completion of the sale, the director now directly owns 5,659 shares of the company’s stock, valued at $551,978.86. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director Thomas Hendrickson sold 4,500 shares of the business’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $97.54, for a total value of $438,930.00. Following the transaction, the director now directly owns 5,659 shares in the company, valued at $551,978.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP James J. Comitale sold 2,153 shares of the 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 sale, the senior vice president now owns 2,732 shares of the company’s stock, valued at approximately $284,592.44. The disclosure for this sale can be found here. 0.87% of the stock is currently owned by corporate insiders.

Ollie’s Bargain Outlet Stock Down 0.0 %

OLLI stock opened at $87.72 on Friday. Ollie’s Bargain Outlet Holdings, Inc. has a twelve month low of $68.05 and a twelve month high of $104.98. The business has a 50 day moving average of $95.97 and a 200 day moving average of $84.86. The firm has a market cap of $5.38 billion, a PE ratio of 27.68, a price-to-earnings-growth ratio of 2.43 and a beta of 0.84.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings results on Thursday, August 29th. The company reported $0.78 EPS for the quarter, hitting analysts’ consensus estimates of $0.78. The firm had revenue of $578.38 million during the quarter, compared to analyst estimates of $561.60 million. Ollie’s Bargain Outlet had a net margin of 9.19% and a return on equity of 13.27%. The business’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.67 earnings per share. On average, research analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.27 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on OLLI shares. Royal Bank of Canada reduced their target price on Ollie’s Bargain Outlet from $101.00 to $100.00 and set an “outperform” rating on the stock in a research note on Friday, August 30th. Piper Sandler restated an “overweight” rating and issued a $107.00 price objective on shares of Ollie’s Bargain Outlet in a report on Friday, August 30th. StockNews.com lowered shares of Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research note on Friday, August 30th. Morgan Stanley increased their price target on shares of Ollie’s Bargain Outlet from $80.00 to $92.00 and gave the stock an “equal weight” rating in a research note on Thursday, June 6th. Finally, Truist Financial lifted their price objective on Ollie’s Bargain Outlet from $102.00 to $109.00 and gave the company a “buy” rating in a research report on Friday, July 12th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $103.33.

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.