Farther Finance Advisors LLC Boosts Stock Position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Farther Finance Advisors LLC boosted its holdings in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 5.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,544 shares of the company’s stock after purchasing an additional 188 shares during the period. Farther Finance Advisors LLC’s holdings in Ollie’s Bargain Outlet were worth $344,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of OLLI. Commonwealth Equity Services LLC lifted its stake in Ollie’s Bargain Outlet by 47.4% in the first quarter. Commonwealth Equity Services LLC now owns 7,141 shares of the company’s stock worth $568,000 after acquiring an additional 2,297 shares during the period. Norden Group LLC boosted its stake in shares of Ollie’s Bargain Outlet by 47.7% during the 1st quarter. Norden Group LLC now owns 7,402 shares of the company’s stock valued at $589,000 after purchasing an additional 2,392 shares in the last quarter. Texas Permanent School Fund Corp increased its position in shares of Ollie’s Bargain Outlet by 1.1% during the first quarter. Texas Permanent School Fund Corp now owns 53,905 shares of the company’s stock valued at $4,289,000 after buying an additional 602 shares during the period. Duality Advisers LP bought a new position in Ollie’s Bargain Outlet in the first quarter worth about $303,000. Finally, ORG Partners LLC purchased a new stake in Ollie’s Bargain Outlet in the first quarter worth about $28,000.

Ollie’s Bargain Outlet Stock Performance

Shares of NASDAQ OLLI opened at $99.23 on Friday. The firm’s 50 day moving average price is $94.63 and its 200-day moving average price is $90.92. Ollie’s Bargain Outlet Holdings, Inc. has a 52-week low of $68.05 and a 52-week high of $104.98. The company has a market cap of $6.09 billion, a PE ratio of 30.25, a P/E/G ratio of 2.37 and a beta of 0.84.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings data on Thursday, August 29th. The company reported $0.78 earnings per share (EPS) for the quarter, meeting 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 for the quarter, compared to analysts’ expectations of $561.60 million. During the same period in the prior year, the firm posted $0.67 EPS. The firm’s quarterly revenue was up 12.4% on a year-over-year basis. On average, analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.28 earnings per share for the current fiscal year.

Insider Activity

In other news, President Der Valk Eric Van sold 7,479 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $100.32, for a total transaction of $750,293.28. Following the completion of the transaction, the president now directly owns 5,615 shares of the company’s stock, valued at $563,296.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction 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 Ollie’s Bargain Outlet stock in a transaction that occurred on Monday, September 23rd. The shares were 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 of the company’s stock, valued at approximately $563,296.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Robert F. Helm sold 2,401 shares of the stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $94.68, for a total value of $227,326.68. Following the transaction, the chief financial officer now directly owns 2,021 shares in the company, valued at $191,348.28. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 24,880 shares of company stock valued at $2,462,470 in the last 90 days. 0.87% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on OLLI shares. Bank of America upped their target price on Ollie’s Bargain Outlet from $102.00 to $115.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Royal Bank of Canada upped their price target on Ollie’s Bargain Outlet from $100.00 to $106.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 2nd. 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. UBS Group upped their target price on shares of 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. Finally, StockNews.com cut shares of Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research report on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $104.92.

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.