Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Shares Sold by Atria Investments Inc

Atria Investments Inc trimmed its stake in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 20.2% in the 3rd quarter, HoldingsChannel reports. The firm owned 15,220 shares of the company’s stock after selling 3,864 shares during the period. Atria Investments Inc’s holdings in Ollie’s Bargain Outlet were worth $1,479,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC acquired a new position in Ollie’s Bargain Outlet during the 2nd quarter worth $25,000. Opal Wealth Advisors LLC acquired a new position in Ollie’s Bargain Outlet during the 2nd quarter worth $31,000. Crewe Advisors LLC acquired a new position in Ollie’s Bargain Outlet during the 2nd quarter worth $36,000. Versant Capital Management Inc acquired a new position in Ollie’s Bargain Outlet during the 2nd quarter worth $38,000. Finally, GAMMA Investing LLC grew its stake in Ollie’s Bargain Outlet by 686.7% during the 2nd quarter. GAMMA Investing LLC now owns 472 shares of the company’s stock worth $46,000 after purchasing an additional 412 shares in the last quarter.

Analyst Ratings Changes

Several research firms recently commented on OLLI. Gordon Haskett raised Ollie’s Bargain Outlet from an “accumulate” rating to a “buy” rating and boosted their target price for the stock from $105.00 to $107.00 in a research note on Monday, August 26th. StockNews.com cut Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research report on Tuesday, October 22nd. Loop Capital reaffirmed 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. lowered their price objective on Ollie’s Bargain Outlet from $113.00 to $105.00 and set an “overweight” rating for the company in a research report on Friday, August 30th. Finally, Bank of America upped their price objective on Ollie’s Bargain Outlet from $102.00 to $115.00 and gave the stock a “buy” rating in a research report on Monday, September 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. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $104.92.

Insider Activity

In other news, CFO Robert F. Helm sold 2,401 shares of the firm’s stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $94.68, for a total value of $227,326.68. Following the completion of the sale, the chief financial officer now directly owns 2,021 shares of the company’s stock, valued at $191,348.28. This trade represents a 54.30 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Kevin Mclain sold 15,000 shares of the firm’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 completion of the sale, the senior vice president now directly owns 10,610 shares of the company’s stock, valued at $1,050,283.90. This represents a 58.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 24,880 shares of company stock valued at $2,462,470 in the last three months. 0.87% of the stock is currently owned by company insiders.

Ollie’s Bargain Outlet Stock Down 0.6 %

OLLI opened at $91.93 on Friday. The business has a 50 day moving average price of $95.31 and a two-hundred day moving average price of $91.77. The company has a market cap of $5.64 billion, a PE ratio of 28.03, a P/E/G ratio of 2.29 and a beta of 0.84. Ollie’s Bargain Outlet Holdings, Inc. has a 52 week low of $68.05 and a 52 week high of $104.98.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings data on Thursday, August 29th. The company reported $0.78 EPS for the quarter, meeting the consensus estimate of $0.78. The firm had revenue of $578.38 million during the quarter, compared to the consensus estimate of $561.60 million. Ollie’s Bargain Outlet had a return on equity of 13.27% and a net margin of 9.19%. The firm’s revenue was up 12.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.67 EPS. As a group, sell-side analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.27 EPS 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.