TD Asset Management Inc Trims Stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

TD Asset Management Inc decreased its position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 38.4% during the second quarter, according to its most recent filing with the SEC. The firm owned 18,268 shares of the company’s stock after selling 11,368 shares during the period. TD Asset Management Inc’s holdings in Ollie’s Bargain Outlet were worth $1,793,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. International Assets Investment Management LLC purchased a new position in shares of Ollie’s Bargain Outlet during the 2nd quarter worth approximately $25,000. Opal Wealth Advisors LLC purchased a new position in shares of Ollie’s Bargain Outlet during the 2nd quarter worth approximately $31,000. Blue Bell Private Wealth Management LLC purchased a new position in shares of Ollie’s Bargain Outlet during the 1st quarter worth approximately $29,000. Crewe Advisors LLC purchased a new position in shares of Ollie’s Bargain Outlet during the 2nd quarter worth approximately $36,000. Finally, ORG Partners LLC bought a new stake in shares of Ollie’s Bargain Outlet in the 1st quarter worth approximately $28,000.

Ollie’s Bargain Outlet Price Performance

NASDAQ OLLI opened at $98.17 on Friday. The business’s fifty day moving average price is $95.55 and its 200-day moving average price is $85.33. The stock has a market capitalization of $6.02 billion, a price-to-earnings ratio of 30.97, a PEG ratio of 2.41 and a beta of 0.84. Ollie’s Bargain Outlet Holdings, Inc. has a 1-year low of $68.05 and a 1-year 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 for the quarter, meeting the consensus estimate of $0.78. The firm had revenue of $578.38 million for the quarter, compared to analysts’ expectations 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 was up 12.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.67 EPS. Equities research analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.28 EPS for the current year.

Analysts Set New Price Targets

OLLI has been the topic of a number of analyst reports. UBS Group boosted their price target on Ollie’s Bargain Outlet from $97.00 to $99.00 and gave the stock a “neutral” rating in a research report on Friday, August 30th. StockNews.com cut Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research report on Friday, August 30th. Royal Bank of Canada dropped their price target on Ollie’s Bargain Outlet from $101.00 to $100.00 and set an “outperform” rating on the stock in a research report on Friday, August 30th. Loop Capital boosted their price target on Ollie’s Bargain Outlet from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Monday, June 24th. Finally, Piper Sandler reissued an “overweight” rating and issued a $107.00 price target on shares of Ollie’s Bargain Outlet in a research report on Friday, August 30th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, Ollie’s Bargain Outlet has a consensus rating of “Moderate Buy” and an average target price of $103.33.

Insider Activity

In other news, SVP James J. Comitale sold 2,153 shares of the stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $104.17, for a total transaction 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 legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Thomas Hendrickson sold 4,500 shares of the company’s stock in a transaction on Friday, June 21st. The stock was 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 in the company, valued at approximately $551,978.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP James J. Comitale sold 2,153 shares of the company’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $104.17, for a total value of $224,278.01. Following the completion of the sale, the senior vice president now owns 2,732 shares of the company’s stock, valued at $284,592.44. The disclosure for this sale can be found here. Insiders own 0.87% of the company’s stock.

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.