Captrust Financial Advisors Grows Stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Captrust Financial Advisors increased its holdings in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 9.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,937 shares of the company’s stock after purchasing an additional 250 shares during the quarter. Captrust Financial Advisors’ holdings in Ollie’s Bargain Outlet were worth $285,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in OLLI. Rockefeller Capital Management L.P. increased its stake in Ollie’s Bargain Outlet by 20.4% in the third quarter. Rockefeller Capital Management L.P. now owns 150,603 shares of the company’s stock valued at $14,636,000 after purchasing an additional 25,563 shares during the period. Northwest & Ethical Investments L.P. acquired a new position in Ollie’s Bargain Outlet in the 3rd quarter valued at about $117,000. FORA Capital LLC raised its stake in Ollie’s Bargain Outlet by 3.2% during the 3rd quarter. FORA Capital LLC now owns 4,800 shares of the company’s stock valued at $467,000 after acquiring an additional 148 shares during the last quarter. Townsquare Capital LLC lifted its position in Ollie’s Bargain Outlet by 2.0% during the 3rd quarter. Townsquare Capital LLC now owns 106,917 shares of the company’s stock worth $10,392,000 after acquiring an additional 2,114 shares during the period. Finally, Hancock Whitney Corp purchased a new position in shares of Ollie’s Bargain Outlet in the 3rd quarter valued at approximately $988,000.

Analyst Ratings Changes

OLLI has been the subject of several recent research reports. Gordon Haskett raised Ollie’s Bargain Outlet from an “accumulate” rating to a “buy” rating and increased their price target for the stock from $105.00 to $107.00 in a report on Monday, August 26th. Wells Fargo & Company lifted their target price on shares of Ollie’s Bargain Outlet from $95.00 to $105.00 and gave the company an “equal weight” rating in a report on Wednesday. Loop Capital increased their price target on shares of Ollie’s Bargain Outlet from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday. Craig Hallum boosted their target price on Ollie’s Bargain Outlet from $107.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Piper Sandler raised their price target on Ollie’s Bargain Outlet from $107.00 to $126.00 and gave the company an “overweight” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $116.58.

Insider Buying and Selling at Ollie’s Bargain Outlet

In related news, SVP James J. Comitale sold 5,325 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $113.95, for a total transaction of $606,783.75. Following the sale, the senior vice president now owns 3,140 shares in the company, valued at approximately $357,803. This trade represents a 62.91 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Kevin Mclain sold 15,000 shares of the business’s stock in a transaction 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 transaction, the senior vice president now owns 10,610 shares of the company’s stock, valued at $1,050,283.90. This trade represents a 58.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 95,755 shares of company stock worth $10,165,712. 0.87% of the stock is owned by insiders.

Ollie’s Bargain Outlet Stock Up 1.4 %

NASDAQ:OLLI opened at $112.77 on Friday. The company has a market capitalization of $6.91 billion, a PE ratio of 33.66, a price-to-earnings-growth ratio of 2.81 and a beta of 0.85. Ollie’s Bargain Outlet Holdings, Inc. has a 52-week low of $68.05 and a 52-week high of $115.98. The stock has a fifty day simple moving average of $96.26 and a 200-day simple moving average of $95.30.

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

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.