F m Investments LLC Trims Holdings in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

F m Investments LLC lowered its stake in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 23.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 44,323 shares of the company’s stock after selling 13,404 shares during the period. F m Investments LLC owned 0.07% of Ollie’s Bargain Outlet worth $5,841,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of OLLI. Assetmark Inc. boosted its position in shares of Ollie’s Bargain Outlet by 44.8% during the 2nd quarter. Assetmark Inc. now owns 265 shares of the company’s stock valued at $35,000 after acquiring an additional 82 shares during the last quarter. Maseco LLP acquired a new position in Ollie’s Bargain Outlet in the 2nd quarter valued at about $36,000. Brooklyn Investment Group grew its stake in shares of Ollie’s Bargain Outlet by 133.5% in the 1st quarter. Brooklyn Investment Group now owns 390 shares of the company’s stock valued at $45,000 after buying an additional 223 shares during the period. MAI Capital Management increased its holdings in shares of Ollie’s Bargain Outlet by 28.5% during the 2nd quarter. MAI Capital Management now owns 397 shares of the company’s stock worth $52,000 after buying an additional 88 shares during the last quarter. Finally, Independent Advisor Alliance acquired a new stake in shares of Ollie’s Bargain Outlet during the 1st quarter worth approximately $200,000.

Wall Street Analyst Weigh In

OLLI has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Ollie’s Bargain Outlet in a report on Wednesday, October 8th. Truist Financial upped their price objective on shares of Ollie’s Bargain Outlet from $146.00 to $148.00 and gave the stock a “buy” rating in a report on Thursday, August 28th. Morgan Stanley lifted their target price on shares of Ollie’s Bargain Outlet from $118.00 to $145.00 and gave the company an “equal weight” rating in a report on Friday, August 29th. Jefferies Financial Group boosted their target price on Ollie’s Bargain Outlet from $111.00 to $135.00 and gave the company a “hold” rating in a research report on Friday, August 29th. Finally, Wall Street Zen lowered Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating in a research report on Sunday, November 9th. Nine investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $145.31.

Insiders Place Their Bets

In other news, SVP James J. Comitale sold 2,117 shares of the business’s stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $130.00, for a total transaction of $275,210.00. Following the completion of the transaction, the senior vice president directly owned 2,504 shares of the company’s stock, valued at approximately $325,520. The trade was a 45.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Robert F. Helm sold 1,493 shares of the company’s stock in a transaction that occurred on Friday, October 17th. The stock was sold at an average price of $122.92, for a total transaction of $183,519.56. Following the sale, the chief financial officer owned 4,008 shares in the company, valued at $492,663.36. The trade was a 27.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 128,890 shares of company stock worth $17,057,659. Corporate insiders own 0.75% of the company’s stock.

Ollie’s Bargain Outlet Stock Up 1.4%

NASDAQ:OLLI opened at $125.22 on Friday. Ollie’s Bargain Outlet Holdings, Inc. has a 52 week low of $94.15 and a 52 week high of $141.74. The company has a fifty day simple moving average of $125.73 and a two-hundred day simple moving average of $126.58. The company has a market cap of $7.68 billion, a price-to-earnings ratio of 36.30, a price-to-earnings-growth ratio of 2.55 and a beta of 0.41.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its earnings results on Thursday, August 28th. The company reported $0.99 earnings per share (EPS) 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 firm had revenue of $679.56 million during the quarter, compared to analyst estimates of $658.03 million. During the same period last year, the business posted $0.78 earnings per share. Ollie’s Bargain Outlet’s revenue was up 17.5% compared to the same quarter last year. On average, analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

Ollie’s Bargain Outlet 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.