Swiss National Bank Sells 1,800 Shares of Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Swiss National Bank decreased its holdings in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 1.5% during the second quarter, Holdings Channel.com reports. The firm owned 117,000 shares of the company’s stock after selling 1,800 shares during the period. Swiss National Bank’s holdings in Ollie’s Bargain Outlet were worth $15,418,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Ollie’s Bargain Outlet in the first quarter worth about $3,115,000. Avantax Advisory Services Inc. increased its position in shares of Ollie’s Bargain Outlet by 1.5% during the 1st quarter. Avantax Advisory Services Inc. now owns 13,854 shares of the company’s stock valued at $1,612,000 after purchasing an additional 208 shares during the last quarter. Federated Hermes Inc. increased its position in shares of Ollie’s Bargain Outlet by 24.8% during the 1st quarter. Federated Hermes Inc. now owns 25,284 shares of the company’s stock valued at $2,942,000 after purchasing an additional 5,029 shares during the last quarter. Premier Fund Managers Ltd raised its holdings in Ollie’s Bargain Outlet by 37.4% during the 1st quarter. Premier Fund Managers Ltd now owns 6,164 shares of the company’s stock valued at $698,000 after buying an additional 1,679 shares during the period. Finally, Natixis Advisors LLC lifted its position in Ollie’s Bargain Outlet by 9.0% in the first quarter. Natixis Advisors LLC now owns 78,022 shares of the company’s stock worth $9,079,000 after buying an additional 6,431 shares during the last quarter.

Ollie’s Bargain Outlet Stock Up 1.4%

Shares of NASDAQ:OLLI opened at $125.22 on Thursday. The business’s 50 day moving average is $125.99 and its 200 day moving average is $126.59. The stock has a market cap of $7.68 billion, a P/E ratio of 36.30, a price-to-earnings-growth ratio of 2.52 and a beta of 0.41. Ollie’s Bargain Outlet Holdings, Inc. has a 52-week low of $94.15 and a 52-week high of $141.74.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its earnings results on Thursday, August 28th. The company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.08. Ollie’s Bargain Outlet had a return on equity of 12.66% and a net margin of 8.74%.The business had revenue of $679.56 million during the quarter, compared to analyst estimates of $658.03 million. During the same period in the previous year, the company posted $0.78 EPS. Ollie’s Bargain Outlet’s revenue was up 17.5% on a year-over-year basis. On average, sell-side analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

Insider Activity

In other Ollie’s Bargain Outlet news, SVP Larry Kraus sold 8,921 shares of the firm’s stock in a transaction dated Monday, October 13th. The shares were sold at an average price of $130.31, for a total transaction of $1,162,495.51. Following the transaction, the senior vice president owned 3,679 shares of the company’s stock, valued at approximately $479,410.49. This trade represents a 70.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Robert F. Helm sold 1,493 shares of the business’s stock in a transaction dated Friday, October 17th. The shares were sold at an average price of $122.92, for a total transaction of $183,519.56. Following the completion of the sale, the chief financial officer owned 4,008 shares of the company’s stock, valued at approximately $492,663.36. This represents a 27.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 128,890 shares of company stock valued at $17,057,659. Company insiders own 0.75% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on OLLI. Wall Street Zen cut shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating in a research report on Sunday, November 9th. Royal Bank Of Canada cut their price target on shares of Ollie’s Bargain Outlet from $149.00 to $147.00 and set an “outperform” rating on the stock in a report on Friday, October 24th. Citigroup reduced their price objective on shares of Ollie’s Bargain Outlet from $154.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday. KeyCorp boosted their target price on Ollie’s Bargain Outlet from $145.00 to $154.00 and gave the company an “overweight” rating in a research report on Friday, September 19th. Finally, Jefferies Financial Group upped their target price on Ollie’s Bargain Outlet from $111.00 to $135.00 and gave the company a “hold” rating in a research note on Friday, August 29th. Nine analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $145.31.

Ollie’s Bargain Outlet Company Profile

Ollie’s Bargain Outlet Holdings, Inc is a holding company, which engages in the retail of closeouts, excess inventory, and salvage merchandise. It offers overstocks, package changes, manufacturer refurbished goods, and irregulars. The company’s products include housewares, food, books and stationery, bed and bath, floor coverings, electronics and toys.