Principal Financial Group Inc. Sells 54,522 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Principal Financial Group Inc. reduced its position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 26.7% in the 3rd quarter, Holdings Channel reports. The firm owned 149,551 shares of the company’s stock after selling 54,522 shares during the quarter. Principal Financial Group Inc.’s holdings in Ollie’s Bargain Outlet were worth $14,536,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Ollie’s Bargain Outlet by 6.2% during the first quarter. Vanguard Group Inc. now owns 5,882,908 shares of the company’s stock valued at $468,103,000 after acquiring an additional 343,903 shares during the period. Capital Research Global Investors bought a new position in shares of Ollie’s Bargain Outlet during the first quarter valued at $136,978,000. American Century Companies Inc. lifted its holdings in shares of Ollie’s Bargain Outlet by 5.6% during the second quarter. American Century Companies Inc. now owns 780,064 shares of the company’s stock valued at $76,579,000 after acquiring an additional 41,605 shares during the period. Congress Asset Management Co. lifted its holdings in shares of Ollie’s Bargain Outlet by 12.1% during the third quarter. Congress Asset Management Co. now owns 680,590 shares of the company’s stock valued at $66,153,000 after acquiring an additional 73,396 shares during the period. Finally, D. E. Shaw & Co. Inc. lifted its holdings in shares of Ollie’s Bargain Outlet by 953.2% during the second quarter. D. E. Shaw & Co. Inc. now owns 566,738 shares of the company’s stock valued at $55,637,000 after acquiring an additional 512,928 shares during the period.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Gordon Haskett raised Ollie’s Bargain Outlet from an “accumulate” rating to a “buy” rating and lifted their price objective for the company from $105.00 to $107.00 in a report on Monday, August 26th. StockNews.com lowered Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research note on Tuesday, October 22nd. Piper Sandler restated an “overweight” rating and issued a $107.00 target price on shares of Ollie’s Bargain Outlet in a research note on Friday, October 4th. Loop Capital restated a “buy” rating and issued a $110.00 target price on shares of Ollie’s Bargain Outlet in a research note on Friday, September 20th. Finally, UBS Group raised their target price 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. One research analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $104.92.

Ollie’s Bargain Outlet Trading Down 0.6 %

Shares of OLLI opened at $91.93 on Friday. 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 cap of $5.64 billion, a P/E ratio of 28.03, a price-to-earnings-growth ratio of 2.29 and a beta of 0.84. The stock’s 50-day moving average price is $95.31 and its two-hundred day moving average price is $91.77.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its 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 analysts’ expectations of $561.60 million. During the same quarter last year, the business earned $0.67 earnings per share. The company’s revenue was up 12.4% compared to the same quarter last year. As a group, equities analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.27 EPS for the current year.

Insiders Place Their Bets

In other Ollie’s Bargain Outlet news, CFO Robert F. Helm sold 2,401 shares of the business’s 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 in the company, valued at approximately $191,348.28. The trade was a 54.30 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President Der Valk Eric Van sold 7,479 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $100.32, for a total value of $750,293.28. Following the completion of the sale, the president now owns 5,615 shares in the company, valued at $563,296.80. The trade was a 57.12 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 24,880 shares of company stock worth $2,462,470. Insiders own 0.87% of the company’s stock.

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.