Orion Portfolio Solutions LLC Sells 491 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Orion Portfolio Solutions LLC trimmed its position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 9.6% during the third quarter, HoldingsChannel.com reports. The fund owned 4,608 shares of the company’s stock after selling 491 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Ollie’s Bargain Outlet were worth $448,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. D. E. Shaw & Co. Inc. boosted its holdings in shares of Ollie’s Bargain Outlet by 953.2% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 566,738 shares of the company’s stock valued at $55,637,000 after purchasing an additional 512,928 shares in the last quarter. Holocene Advisors LP boosted its stake in Ollie’s Bargain Outlet by 10,159.3% in the third quarter. Holocene Advisors LP now owns 471,413 shares of the company’s stock valued at $45,821,000 after buying an additional 466,818 shares in the last quarter. Los Angeles Capital Management LLC grew its position in Ollie’s Bargain Outlet by 199.3% in the second quarter. Los Angeles Capital Management LLC now owns 560,054 shares of the company’s stock valued at $54,981,000 after acquiring an additional 372,914 shares during the last quarter. Wellington Management Group LLP raised its stake in Ollie’s Bargain Outlet by 155.8% during the third quarter. Wellington Management Group LLP now owns 483,044 shares of the company’s stock worth $46,952,000 after acquiring an additional 294,217 shares in the last quarter. Finally, Loomis Sayles & Co. L P bought a new position in shares of Ollie’s Bargain Outlet in the third quarter worth about $16,590,000.

Analyst Ratings Changes

Several equities research analysts recently issued reports on OLLI shares. Truist Financial lifted their price target on shares of Ollie’s Bargain Outlet from $109.00 to $121.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Royal Bank of Canada upped their price target on shares of Ollie’s Bargain Outlet from $120.00 to $130.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. UBS Group increased their price target on Ollie’s Bargain Outlet from $97.00 to $99.00 and gave the company a “neutral” rating in a research note on Friday, August 30th. Piper Sandler boosted their price objective on Ollie’s Bargain Outlet from $107.00 to $126.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. increased their target price on Ollie’s Bargain Outlet from $105.00 to $135.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, Ollie’s Bargain Outlet presently has a consensus rating of “Moderate Buy” and an average price target of $117.85.

Insiders Place Their Bets

In other news, SVP James J. Comitale sold 5,325 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $113.95, for a total transaction of $606,783.75. Following the completion of the sale, the senior vice president now directly owns 3,140 shares of the company’s stock, valued at $357,803. The trade was a 62.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO John W. Swygert sold 4,032 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $102.51, for a total transaction of $413,320.32. Following the completion of the transaction, the chief executive officer now directly owns 48,200 shares in the company, valued at approximately $4,940,982. The trade was a 7.72 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 97,651 shares of company stock worth $10,628,452. Insiders own 0.87% of the company’s stock.

Ollie’s Bargain Outlet Price Performance

Shares of OLLI opened at $114.49 on Thursday. The stock has a 50-day moving average of $97.09 and a 200-day moving average of $95.87. Ollie’s Bargain Outlet Holdings, Inc. has a one year low of $68.05 and a one year high of $118.47. The company has a market cap of $7.02 billion, a PE ratio of 34.18, a P/E/G ratio of 2.79 and a beta of 0.85.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings data on Tuesday, December 10th. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. Ollie’s Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The firm had revenue of $517.43 million during the quarter, compared to analysts’ expectations of $518.83 million. During the same quarter last year, the firm posted $0.51 earnings per share. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. Analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 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.