Wallace Advisory Group LLC Takes Position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Wallace Advisory Group LLC bought a new position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 3,083 shares of the company’s stock, valued at approximately $303,000.

Several other large investors also recently modified their holdings of OLLI. International Assets Investment Management LLC bought a new stake in Ollie’s Bargain Outlet in the second quarter valued at $25,000. Opal Wealth Advisors LLC bought a new stake in shares of Ollie’s Bargain Outlet during the 2nd quarter valued at about $31,000. Crewe Advisors LLC purchased a new position in shares of Ollie’s Bargain Outlet during the second quarter valued at about $36,000. ORG Partners LLC bought a new position in Ollie’s Bargain Outlet in the first quarter worth about $28,000. Finally, Versant Capital Management Inc purchased a new stake in Ollie’s Bargain Outlet in the second quarter worth about $38,000.

Wall Street Analyst Weigh In

OLLI has been the topic of several research reports. UBS Group lifted their price target on Ollie’s Bargain Outlet from $97.00 to $99.00 and gave the company a “neutral” rating in a research report on Friday, August 30th. Craig Hallum boosted their target price on shares of Ollie’s Bargain Outlet from $100.00 to $105.00 and gave the company a “buy” rating in a report on Thursday, June 6th. StockNews.com upgraded shares of Ollie’s Bargain Outlet from a “sell” rating to a “hold” rating in a research note on Friday. Royal Bank of Canada dropped their price objective on shares of 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. Finally, Loop Capital reaffirmed a “buy” rating and set a $110.00 target price on shares of Ollie’s Bargain Outlet in a research note on Friday, September 20th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, Ollie’s Bargain Outlet presently has an average rating of “Moderate Buy” and a consensus target price of $104.42.

Insider Buying and Selling at Ollie’s Bargain Outlet

In other news, SVP James J. Comitale sold 2,153 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Tuesday, July 16th. The shares were 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 directly owns 2,732 shares in the company, valued at $284,592.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, SVP Kevin Mclain sold 15,000 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $98.99, for a total value of $1,484,850.00. Following the transaction, the senior vice president now directly owns 10,610 shares in the company, valued at approximately $1,050,283.90. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP James J. Comitale sold 2,153 shares of Ollie’s Bargain Outlet 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 directly owns 2,732 shares of the company’s stock, valued at approximately $284,592.44. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 24,632 shares of company stock worth $2,459,421. Company insiders own 0.87% of the company’s stock.

Ollie’s Bargain Outlet Stock Up 0.2 %

Shares of NASDAQ OLLI opened at $97.20 on Tuesday. The company has a 50 day moving average of $95.17 and a 200 day moving average of $87.31. Ollie’s Bargain Outlet Holdings, Inc. has a twelve month low of $68.05 and a twelve month high of $104.98. The firm has a market cap of $5.95 billion, a P/E ratio of 30.66, a PEG ratio of 2.55 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 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.78. Ollie’s Bargain Outlet had a return on equity of 13.27% and a net margin of 9.19%. The firm had revenue of $578.38 million for the quarter, compared to the consensus estimate of $561.60 million. During the same period in the prior year, the company posted $0.67 earnings per share. The company’s quarterly revenue was up 12.4% on a year-over-year basis. As a group, equities analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.28 earnings per share for the current fiscal 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.