Fmr LLC Sells 156,847 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Fmr LLC decreased its position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 1.7% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 8,862,619 shares of the company’s stock after selling 156,847 shares during the period. Fmr LLC owned 0.14% of Ollie’s Bargain Outlet worth $861,447,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of OLLI. International Assets Investment Management LLC bought a new stake in Ollie’s Bargain Outlet during the second quarter worth $25,000. Opal Wealth Advisors LLC purchased a new position in shares of Ollie’s Bargain Outlet in the 2nd quarter worth about $31,000. Crewe Advisors LLC bought a new position in Ollie’s Bargain Outlet during the second quarter valued at about $36,000. Versant Capital Management Inc purchased a new stake in Ollie’s Bargain Outlet during the second quarter worth about $38,000. Finally, GAMMA Investing LLC raised 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 acquiring an additional 412 shares during the period.

Insider Buying and Selling at Ollie’s Bargain Outlet

In other news, CEO John W. Swygert sold 4,032 shares of Ollie’s Bargain Outlet stock in a transaction on 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 sale, the chief executive officer now directly owns 48,200 shares of the company’s stock, valued at approximately $4,940,982. The trade was a 7.72 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Robert F. Helm sold 2,401 shares of the stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $94.68, for a total value of $227,326.68. Following the completion of the transaction, the chief financial officer now directly owns 2,021 shares in the company, valued at approximately $191,348.28. This represents a 54.30 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 28,912 shares of company stock valued at $2,875,790 in the last 90 days. Corporate insiders own 0.87% of the company’s stock.

Ollie’s Bargain Outlet Price Performance

NASDAQ OLLI opened at $101.09 on Thursday. The company’s 50 day simple moving average is $94.86 and its two-hundred day simple moving average is $92.81. Ollie’s Bargain Outlet Holdings, Inc. has a 1 year low of $68.05 and a 1 year high of $104.98. The stock has a market capitalization of $6.20 billion, a PE ratio of 30.82, a P/E/G ratio of 2.50 and a beta of 0.84.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings data on Thursday, August 29th. The company reported $0.78 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.78. The company had revenue of $578.38 million for 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 quarter last year, the business posted $0.67 earnings per share. On average, research analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.27 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on OLLI. Piper Sandler restated an “overweight” rating and set a $107.00 price target on shares of Ollie’s Bargain Outlet in a research note on Friday, October 4th. JPMorgan Chase & Co. decreased their target price 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. StockNews.com lowered Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research note on Tuesday, October 22nd. 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. Finally, Loop Capital restated a “buy” rating and issued a $110.00 price objective on shares of Ollie’s Bargain Outlet in a research note on Friday, September 20th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Ollie’s Bargain Outlet has an average rating of “Moderate Buy” and a consensus price target of $104.92.

Ollie’s Bargain Outlet 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.