Loomis Sayles & Co. L P Acquires Shares of 170,681 Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Loomis Sayles & Co. L P bought a new position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) during the third quarter, Holdings Channel reports. The fund bought 170,681 shares of the company’s stock, valued at approximately $16,590,000.

Several other institutional investors also recently modified their holdings of the business. International Assets Investment Management LLC bought a new stake in Ollie’s Bargain Outlet during the second quarter worth about $25,000. Opal Wealth Advisors LLC bought a new stake in shares of Ollie’s Bargain Outlet in the 2nd quarter worth approximately $31,000. Crewe Advisors LLC purchased a new stake in shares of Ollie’s Bargain Outlet in the 2nd quarter worth approximately $36,000. Versant Capital Management Inc bought a new position in Ollie’s Bargain Outlet during the 2nd quarter valued at approximately $38,000. Finally, GAMMA Investing LLC raised its stake in Ollie’s Bargain Outlet by 686.7% during the second quarter. GAMMA Investing LLC now owns 472 shares of the company’s stock valued at $46,000 after buying an additional 412 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Bank of America increased their target price on Ollie’s Bargain Outlet from $102.00 to $115.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Piper Sandler reissued an “overweight” rating and set a $107.00 price objective on shares of Ollie’s Bargain Outlet in a research report on Friday, October 4th. Loop Capital restated a “buy” rating and set a $110.00 price objective on shares of Ollie’s Bargain Outlet in a research note on Friday, September 20th. StockNews.com downgraded shares of Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research note on Tuesday, October 22nd. Finally, Royal Bank of Canada raised their price target on shares of Ollie’s Bargain Outlet from $100.00 to $106.00 and gave the company an “outperform” rating in a research report on Wednesday, October 2nd. One equities 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 stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $104.92.

Ollie’s Bargain Outlet Trading Up 0.3 %

Shares of OLLI stock opened at $100.90 on Wednesday. The stock has a market capitalization of $6.19 billion, a P/E ratio of 30.24, a P/E/G ratio of 2.35 and a beta of 0.84. The firm’s 50 day moving average is $94.82 and its 200 day moving average is $92.65. Ollie’s Bargain Outlet Holdings, Inc. has a 12-month low of $68.05 and a 12-month high of $104.98.

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

Insider Activity

In other news, SVP Kevin Mclain sold 15,000 shares of Ollie’s Bargain Outlet stock in a transaction on Monday, September 16th. The shares were sold at an average price of $98.99, for a total transaction of $1,484,850.00. Following the transaction, the senior vice president now owns 10,610 shares in the company, valued at $1,050,283.90. This trade represents a 58.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Robert F. Helm sold 2,401 shares of the business’s stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $94.68, for a total transaction of $227,326.68. Following the sale, the chief financial officer now directly owns 2,021 shares of the company’s stock, valued at approximately $191,348.28. The trade was a 54.30 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 28,912 shares of company stock valued at $2,875,790 in the last quarter. 0.87% of the stock is currently owned by insiders.

Ollie’s Bargain Outlet 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.