Cetera Investment Advisers Sells 3,764 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Cetera Investment Advisers reduced its stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 21.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,467 shares of the company’s stock after selling 3,764 shares during the quarter. Cetera Investment Advisers’ holdings in Ollie’s Bargain Outlet were worth $1,322,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Signaturefd LLC boosted its stake in shares of Ollie’s Bargain Outlet by 6.4% in the 2nd quarter. Signaturefd LLC now owns 1,727 shares of the company’s stock worth $170,000 after buying an additional 104 shares during the last quarter. Vista Investment Partners LLC boosted its position in Ollie’s Bargain Outlet by 1.8% in 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 last quarter. Bank of Montreal Can grew its stake in Ollie’s Bargain Outlet by 2.4% in the 2nd quarter. Bank of Montreal Can now owns 8,319 shares of the company’s stock valued at $820,000 after purchasing an additional 195 shares during the period. Bridge City Capital LLC grew its stake in Ollie’s Bargain Outlet by 0.8% in the 1st quarter. Bridge City Capital LLC now owns 31,301 shares of the company’s stock valued at $2,491,000 after purchasing an additional 240 shares during the period. Finally, International Assets Investment Management LLC purchased a new stake in shares of Ollie’s Bargain Outlet during the 2nd quarter valued at $25,000.

Ollie’s Bargain Outlet Price Performance

Shares of NASDAQ:OLLI opened at $94.68 on Wednesday. The company has a market cap of $5.80 billion, a price-to-earnings ratio of 29.87, a PEG ratio of 2.34 and a beta of 0.84. Ollie’s Bargain Outlet Holdings, Inc. has a one year low of $68.05 and a one year high of $104.98. The firm has a fifty day moving average price of $94.79 and a two-hundred day moving average price of $88.58.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its earnings results on Thursday, August 29th. The company reported $0.78 EPS for the quarter, hitting the consensus estimate of $0.78. Ollie’s Bargain Outlet had a return on equity of 13.27% and a net margin of 9.19%. The business had revenue of $578.38 million during the quarter, compared to analysts’ expectations of $561.60 million. During the same period in the previous year, the business earned $0.67 earnings per share. The firm’s revenue was up 12.4% on a year-over-year basis. Equities research analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.28 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on OLLI. Truist Financial raised their price objective on shares of Ollie’s Bargain Outlet from $102.00 to $109.00 and gave the stock a “buy” rating in a report on Friday, July 12th. Loop Capital restated a “buy” rating and set a $110.00 price target on shares of Ollie’s Bargain Outlet in a research note on Friday, September 20th. StockNews.com upgraded Ollie’s Bargain Outlet from a “sell” rating to a “hold” rating in a research note on Monday. Gordon Haskett raised Ollie’s Bargain Outlet from an “accumulate” rating to a “buy” rating and raised their target price for the stock from $105.00 to $107.00 in a research report on Monday, August 26th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $107.00 price target on shares of Ollie’s Bargain Outlet in a research report on Friday, October 4th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $104.92.

Insiders Place Their Bets

In other Ollie’s Bargain Outlet news, SVP Kevin Mclain sold 15,000 shares of Ollie’s Bargain Outlet stock in a transaction that occurred 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 of the company’s stock, valued at $1,050,283.90. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Ollie’s Bargain Outlet news, President Der Valk Eric Van sold 7,479 shares of the stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $100.32, for a total value of $750,293.28. Following the completion of the sale, the president now owns 5,615 shares in the company, valued at approximately $563,296.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Kevin Mclain sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were 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 $1,050,283.90. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.87% of the stock is owned by insiders.

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.