Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Shares Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC increased its stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 5.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,122 shares of the company’s stock after acquiring an additional 402 shares during the period. Janney Montgomery Scott LLC’s holdings in Ollie’s Bargain Outlet were worth $789,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of OLLI. Envestnet Portfolio Solutions Inc. raised its stake in shares of Ollie’s Bargain Outlet by 24.5% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 3,954 shares of the company’s stock valued at $315,000 after acquiring an additional 778 shares in the last quarter. State Board of Administration of Florida Retirement System raised its stake in Ollie’s Bargain Outlet by 4.1% in the first quarter. State Board of Administration of Florida Retirement System now owns 63,202 shares of the company’s stock valued at $5,029,000 after buying an additional 2,506 shares in the last quarter. Vanguard Group Inc. raised its stake in Ollie’s Bargain Outlet by 6.2% in the first quarter. Vanguard Group Inc. now owns 5,882,908 shares of the company’s stock valued at $468,103,000 after buying an additional 343,903 shares in the last quarter. Acadian Asset Management LLC raised its stake in Ollie’s Bargain Outlet by 78.0% in the first quarter. Acadian Asset Management LLC now owns 1,833 shares of the company’s stock valued at $145,000 after buying an additional 803 shares in the last quarter. Finally, Covestor Ltd raised its stake in Ollie’s Bargain Outlet by 55.0% in the first quarter. Covestor Ltd now owns 1,469 shares of the company’s stock valued at $117,000 after buying an additional 521 shares in the last quarter.

Insider Buying and Selling

In other Ollie’s Bargain Outlet news, CFO Robert F. Helm sold 2,401 shares of Ollie’s Bargain Outlet 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 sale, the chief financial officer now owns 2,021 shares of the company’s stock, valued at approximately $191,348.28. The trade was a 54.30 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Kevin Mclain sold 15,000 shares of Ollie’s Bargain Outlet 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 in the company, valued at $1,050,283.90. This represents a 58.57 % decrease in their position. 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 quarter. 0.87% of the stock is currently owned by insiders.

Ollie’s Bargain Outlet Stock Down 0.6 %

NASDAQ OLLI opened at $91.93 on Monday. Ollie’s Bargain Outlet Holdings, Inc. has a 52-week low of $68.05 and a 52-week high of $104.98. The business’s 50-day moving average price is $95.31 and its 200 day moving average price is $92.04. The firm has a market cap of $5.64 billion, a P/E ratio of 28.03, a P/E/G ratio of 2.29 and a beta of 0.84.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings results on Thursday, August 29th. The company reported $0.78 earnings per share (EPS) for the quarter, hitting 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 analyst estimates of $561.60 million. During the same quarter last year, the company posted $0.67 earnings per share. The business’s revenue was up 12.4% on a year-over-year basis. As a group, analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.27 earnings per share for the current year.

Analyst Upgrades and Downgrades

OLLI has been the topic of a number of analyst reports. Gordon Haskett upgraded Ollie’s Bargain Outlet from an “accumulate” rating to a “buy” rating and raised their price target for the company from $105.00 to $107.00 in a research note on Monday, August 26th. Loop Capital restated a “buy” rating and issued a $110.00 price target on shares of Ollie’s Bargain Outlet in a research note on Friday, September 20th. Bank of America raised their price target on Ollie’s Bargain Outlet from $102.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, September 30th. StockNews.com lowered Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a report on Tuesday, October 22nd. Finally, Royal Bank of Canada raised their price objective 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 research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus 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.