Wealth Enhancement Advisory Services LLC Acquires 283 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Wealth Enhancement Advisory Services LLC raised its holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 7.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,966 shares of the company’s stock after purchasing an additional 283 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Ollie’s Bargain Outlet were worth $385,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in OLLI. International Assets Investment Management LLC acquired a new stake in shares of Ollie’s Bargain Outlet in the second quarter valued at approximately $25,000. Opal Wealth Advisors LLC bought a new stake in shares of Ollie’s Bargain Outlet during the 2nd quarter valued at $31,000. Crewe Advisors LLC acquired a new stake in shares of Ollie’s Bargain Outlet during the 2nd quarter worth $36,000. Versant Capital Management Inc bought a new position in shares of Ollie’s Bargain Outlet in the second quarter worth $38,000. Finally, GAMMA Investing LLC raised its stake in Ollie’s Bargain Outlet by 686.7% in the second quarter. GAMMA Investing LLC now owns 472 shares of the company’s stock valued at $46,000 after purchasing an additional 412 shares in the last quarter.

Ollie’s Bargain Outlet Trading Down 0.2 %

Ollie’s Bargain Outlet stock opened at $99.00 on Friday. The stock has a 50-day moving average price of $94.82 and a two-hundred day moving average price of $91.21. Ollie’s Bargain Outlet Holdings, Inc. has a 12 month low of $68.05 and a 12 month high of $104.98. The company has a market capitalization of $6.07 billion, a PE ratio of 30.18, a P/E/G ratio of 2.38 and a beta of 0.84.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings data 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 net margin of 9.19% and a return on equity of 13.27%. The business had revenue of $578.38 million during the quarter, compared to analyst estimates of $561.60 million. During the same quarter last year, the business earned $0.67 EPS. The firm’s quarterly revenue was up 12.4% on a year-over-year basis. As a group, analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.28 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Robert F. Helm sold 2,401 shares of the firm’s stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $94.68, for a total transaction of $227,326.68. Following the completion of the transaction, the chief financial officer now directly owns 2,021 shares of the company’s stock, valued at $191,348.28. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 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 shares were sold at an average price of $100.32, for a total transaction 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. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Robert F. Helm sold 2,401 shares of the company’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 completion of the sale, the chief financial officer now directly owns 2,021 shares in the company, valued at approximately $191,348.28. This represents 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 over the last 90 days. 0.87% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

OLLI has been the topic of a number of analyst reports. Bank of America increased their price objective on shares of 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. UBS Group increased their price target 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. Loop Capital restated a “buy” rating and set a $110.00 price objective on shares of Ollie’s Bargain Outlet in a research report on Friday, September 20th. JPMorgan Chase & Co. reduced their target price on Ollie’s Bargain Outlet from $113.00 to $105.00 and set an “overweight” rating on the stock in a report on Friday, August 30th. Finally, Royal Bank of Canada boosted their price target on Ollie’s Bargain Outlet from $100.00 to $106.00 and gave the stock an “outperform” rating in a 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 company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $104.92.

About Ollie’s Bargain Outlet

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.