Raymond James Trust N.A. Sells 258 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Raymond James Trust N.A. lessened its holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 6.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,562 shares of the company’s stock after selling 258 shares during the period. Raymond James Trust N.A.’s holdings in Ollie’s Bargain Outlet were worth $346,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. International Assets Investment Management LLC acquired a new position in Ollie’s Bargain Outlet during the second quarter valued at approximately $25,000. Opal Wealth Advisors LLC bought a new position in Ollie’s Bargain Outlet in the 2nd quarter worth $31,000. Crewe Advisors LLC acquired a new position in Ollie’s Bargain Outlet during the 2nd quarter worth $36,000. Versant Capital Management Inc bought a new stake in Ollie’s Bargain Outlet during the second quarter valued at about $38,000. Finally, GAMMA Investing LLC grew its position in shares of 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 last quarter.

Wall Street Analyst Weigh In

OLLI has been the subject of several recent analyst reports. Royal Bank of Canada increased their target price on 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. lowered their price objective on shares of Ollie’s Bargain Outlet from $113.00 to $105.00 and set an “overweight” rating on the stock in a research note on Friday, August 30th. StockNews.com cut shares of Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research note on Tuesday, October 22nd. UBS Group raised their price target on shares of Ollie’s Bargain Outlet from $97.00 to $99.00 and gave the stock a “neutral” rating in a research report on Friday, August 30th. Finally, Gordon Haskett raised shares of Ollie’s Bargain Outlet from an “accumulate” rating to a “buy” rating and upped their price objective for the company from $105.00 to $107.00 in a research report on Monday, August 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $104.92.

Ollie’s Bargain Outlet Trading Up 0.2 %

Shares of OLLI opened at $101.09 on Thursday. The stock has a market cap of $6.20 billion, a PE ratio of 30.82, a PEG ratio of 2.50 and a beta of 0.84. 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 50 day simple moving average of $94.86 and a 200-day simple moving average of $92.81.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings data on Thursday, August 29th. The company reported $0.78 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 during the quarter, compared to analyst estimates of $561.60 million. During the same period in the prior year, the company posted $0.67 earnings per share. The business’s revenue for the quarter was up 12.4% compared to the same quarter last year. On average, sell-side analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.27 EPS for the current fiscal year.

Insider Buying and Selling

In other news, SVP Kevin Mclain sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $98.99, for a total transaction of $1,484,850.00. Following the completion of the sale, the senior vice president now owns 10,610 shares of the company’s stock, valued at approximately $1,050,283.90. This trade represents a 58.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 completion of the transaction, the chief financial officer now directly owns 2,021 shares in the company, valued at $191,348.28. The trade was a 54.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 28,912 shares of company stock worth $2,875,790 in the last quarter. 0.87% of the stock is owned by corporate 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.