First National Advisers LLC Has $914,000 Stake in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

First National Advisers LLC grew its stake in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 6.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,938 shares of the company’s stock after buying an additional 408 shares during the period. First National Advisers LLC’s holdings in Ollie’s Bargain Outlet were worth $914,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Federated Hermes Inc. boosted its stake in Ollie’s Bargain Outlet by 24.8% during the 1st quarter. Federated Hermes Inc. now owns 25,284 shares of the company’s stock worth $2,942,000 after acquiring an additional 5,029 shares during the last quarter. Natixis Advisors LLC raised its holdings 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 purchasing an additional 6,431 shares during the period. Nicolet Advisory Services LLC boosted its position in shares of Ollie’s Bargain Outlet by 5.2% during the first quarter. Nicolet Advisory Services LLC now owns 5,284 shares of the company’s stock worth $598,000 after purchasing an additional 259 shares in the last quarter. Alberta Investment Management Corp increased its position in shares of Ollie’s Bargain Outlet by 17.4% in the 1st quarter. Alberta Investment Management Corp now owns 45,057 shares of the company’s stock valued at $5,243,000 after buying an additional 6,670 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in Ollie’s Bargain Outlet by 3.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,565 shares of the company’s stock worth $531,000 after buying an additional 146 shares during the period.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on OLLI. Wells Fargo & Company boosted their target price on Ollie’s Bargain Outlet from $105.00 to $130.00 and gave the company an “equal weight” rating in a research note on Friday, August 29th. Truist Financial boosted their price objective on Ollie’s Bargain Outlet from $146.00 to $148.00 and gave the company a “buy” rating in a research report on Thursday, August 28th. UBS Group increased their target price on Ollie’s Bargain Outlet from $125.00 to $140.00 and gave the stock a “neutral” rating in a research note on Friday, August 29th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ollie’s Bargain Outlet in a research note on Wednesday, October 8th. Finally, Morgan Stanley upped their price target 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. Nine equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $145.31.

Insiders Place Their Bets

In other Ollie’s Bargain Outlet news, CFO Robert F. Helm sold 1,493 shares of Ollie’s Bargain Outlet stock in a transaction on Friday, October 17th. The shares were sold at an average price of $122.92, for a total value of $183,519.56. Following the sale, the chief financial officer directly owned 4,008 shares in the company, valued at approximately $492,663.36. The trade was a 27.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman John W. Swygert sold 107,058 shares of the stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $132.87, for a total transaction of $14,224,796.46. Following the transaction, the chairman owned 48,200 shares of the company’s stock, valued at approximately $6,404,334. This represents a 68.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 128,890 shares of company stock valued at $17,057,659 in the last quarter. Company insiders own 0.75% of the company’s stock.

Ollie’s Bargain Outlet Stock Performance

NASDAQ OLLI opened at $122.72 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 stock’s 50 day moving average price is $125.43 and its two-hundred day moving average price is $126.73. The stock has a market capitalization of $7.52 billion, a price-to-earnings ratio of 35.57, a PEG ratio of 2.51 and a beta of 0.41.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings data 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. The company had revenue of $679.56 million for the quarter, compared to the consensus estimate of $658.03 million. Ollie’s Bargain Outlet had a net margin of 8.74% and a return on equity of 12.66%. The firm’s revenue was up 17.5% compared to the same quarter last year. During the same period last year, the company earned $0.78 earnings per share. On average, equities research analysts forecast 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.