Crossmark Global Holdings Inc. Grows Stock Position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Crossmark Global Holdings Inc. increased its holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 10.0% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 4,406 shares of the company’s stock after acquiring an additional 400 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Ollie’s Bargain Outlet were worth $428,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in OLLI. International Assets Investment Management LLC purchased a new position in shares of Ollie’s Bargain Outlet during the 2nd quarter worth $25,000. Opal Wealth Advisors LLC bought a new position in Ollie’s Bargain Outlet in the 2nd quarter worth $31,000. Crewe Advisors LLC purchased a new position in Ollie’s Bargain Outlet during the second quarter valued at $36,000. Versant Capital Management Inc bought a new stake in Ollie’s Bargain Outlet during the second quarter valued at about $38,000. Finally, GAMMA Investing LLC increased its position in Ollie’s Bargain Outlet by 686.7% in the second quarter. GAMMA Investing LLC now owns 472 shares of the company’s stock worth $46,000 after buying an additional 412 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. JPMorgan Chase & Co. lowered their price objective on Ollie’s Bargain Outlet from $113.00 to $105.00 and set an “overweight” rating on the stock in a research report on Friday, August 30th. Piper Sandler reaffirmed an “overweight” rating and set a $107.00 price target on shares of Ollie’s Bargain Outlet in a report on Friday, October 4th. StockNews.com cut shares of Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research note on Tuesday, October 22nd. Bank of America lifted their target price on shares of 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. Finally, UBS Group increased their price target on Ollie’s Bargain Outlet from $97.00 to $99.00 and gave the stock a “neutral” rating in a research note on Friday, August 30th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $104.92.

Ollie’s Bargain Outlet Trading Down 0.6 %

Shares of Ollie’s Bargain Outlet stock opened at $91.93 on Friday. Ollie’s Bargain Outlet Holdings, Inc. has a 12 month low of $68.05 and a 12 month high of $104.98. The stock has a 50 day moving average of $95.31 and a 200 day moving average of $91.90. The firm has a market cap of $5.64 billion, a PE ratio of 28.03, a PEG ratio of 2.29 and a beta of 0.84.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its earnings results on Thursday, August 29th. The company reported $0.78 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.78. The firm had revenue of $578.38 million during the quarter, compared to analyst estimates of $561.60 million. Ollie’s Bargain Outlet had a net margin of 9.19% and a return on equity of 13.27%. Ollie’s Bargain Outlet’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same period last year, the firm posted $0.67 earnings per share. As a group, equities research analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.27 earnings per share for the current fiscal year.

Insider Transactions at Ollie’s Bargain Outlet

In related news, SVP Kevin Mclain sold 15,000 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was 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 trade represents a 58.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Robert F. Helm sold 2,401 shares of Ollie’s Bargain Outlet 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 transaction, the chief financial officer now directly owns 2,021 shares of the company’s stock, valued at $191,348.28. The trade was a 54.30 % 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 worth $2,462,470 in the last three months. Insiders own 0.87% of the company’s stock.

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.