Great Valley Advisor Group Inc. Makes New $222,000 Investment in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Great Valley Advisor Group Inc. acquired a new stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 2,279 shares of the company’s stock, valued at approximately $222,000.

Other institutional investors have also modified their holdings of the company. International Assets Investment Management LLC purchased a new position in Ollie’s Bargain Outlet in the second quarter valued at approximately $25,000. Opal Wealth Advisors LLC acquired a new position in shares of Ollie’s Bargain Outlet during the 2nd quarter valued at $31,000. Crewe Advisors LLC acquired a new position in shares of Ollie’s Bargain Outlet during the 2nd quarter valued at $36,000. Versant Capital Management Inc acquired a new stake in Ollie’s Bargain Outlet in the 2nd quarter valued at $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 valued at $46,000 after purchasing an additional 412 shares during the period.

Ollie’s Bargain Outlet Trading Up 0.2 %

Shares of OLLI opened at $101.09 on Thursday. The firm has a market cap of $6.20 billion, a price-to-earnings ratio of 30.82, a PEG ratio of 2.50 and a beta of 0.84. Ollie’s Bargain Outlet Holdings, Inc. has a 52 week low of $68.05 and a 52 week high of $104.98. The stock has a 50 day moving average of $94.86 and a 200-day moving average of $92.81.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings data on Thursday, August 29th. The company reported $0.78 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.78. Ollie’s Bargain Outlet had a net margin of 9.19% and a return on equity of 13.27%. The business had revenue of $578.38 million during the quarter, compared to the consensus estimate of $561.60 million. During the same quarter in the prior year, the firm earned $0.67 EPS. The company’s revenue for the quarter was up 12.4% compared to the same quarter last year. On average, sell-side analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.27 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on OLLI. Piper Sandler reiterated 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. Bank of America increased their price objective on shares of Ollie’s Bargain Outlet from $102.00 to $115.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Royal Bank of Canada lifted their price objective on shares of Ollie’s Bargain Outlet from $100.00 to $106.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. decreased their target price on shares of Ollie’s Bargain Outlet from $113.00 to $105.00 and set an “overweight” rating for the company in a research note on Friday, August 30th. Finally, UBS Group upped their price objective on shares of Ollie’s Bargain Outlet from $97.00 to $99.00 and gave the company a “neutral” rating in a research report on Friday, August 30th. One research 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.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $104.92.

Insider Activity at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, CEO John W. Swygert sold 4,032 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $102.51, for a total transaction of $413,320.32. Following the sale, the chief executive officer now directly owns 48,200 shares in the company, valued at approximately $4,940,982. The trade was a 7.72 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Robert F. Helm sold 2,401 shares of the company’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 transaction of $227,326.68. Following the completion of the sale, the chief financial officer now directly owns 2,021 shares of the company’s stock, valued at approximately $191,348.28. This represents a 54.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 28,912 shares of company stock worth $2,875,790 in the last ninety days. 0.87% of the stock is owned by insiders.

Ollie’s Bargain Outlet Company 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.