Venturi Wealth Management LLC Sells 197 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Venturi Wealth Management LLC cut its position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 35.8% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 353 shares of the company’s stock after selling 197 shares during the quarter. Venturi Wealth Management LLC’s holdings in Ollie’s Bargain Outlet were worth $34,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in OLLI. Axxcess Wealth Management LLC acquired a new stake in Ollie’s Bargain Outlet in the first quarter valued at approximately $841,000. Capital Research Global Investors bought a new stake in Ollie’s Bargain Outlet during the 1st quarter valued at $136,978,000. Seven Eight Capital LP raised its holdings in Ollie’s Bargain Outlet by 178.8% during the first quarter. Seven Eight Capital LP now owns 9,592 shares of the company’s stock worth $763,000 after buying an additional 6,151 shares during the last quarter. D. E. Shaw & Co. Inc. grew its holdings in shares of Ollie’s Bargain Outlet by 953.2% during the second quarter. D. E. Shaw & Co. Inc. now owns 566,738 shares of the company’s stock valued at $55,637,000 after buying an additional 512,928 shares during the last quarter. Finally, King Luther Capital Management Corp increased its position in shares of Ollie’s Bargain Outlet by 36.0% during the second quarter. King Luther Capital Management Corp now owns 109,827 shares of the company’s stock worth $10,782,000 after acquiring an additional 29,061 shares in the last quarter.

Analyst Ratings Changes

Several equities analysts recently weighed in on OLLI shares. Piper Sandler reaffirmed an “overweight” rating and issued a $107.00 price target on shares of Ollie’s Bargain Outlet in a research report on Friday, October 4th. JPMorgan Chase & Co. cut their target price on Ollie’s Bargain Outlet from $113.00 to $105.00 and set an “overweight” rating on the stock in a research report on Friday, August 30th. Royal Bank of Canada raised their price objective 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. Loop Capital reiterated a “buy” rating and issued a $110.00 target price on shares of Ollie’s Bargain Outlet in a research note on Friday, September 20th. Finally, Gordon Haskett raised shares of Ollie’s Bargain Outlet from an “accumulate” rating to a “buy” rating and raised their price target for the company from $105.00 to $107.00 in a research report on Monday, August 26th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $104.92.

Insider Activity at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, President Der Valk Eric Van sold 7,479 shares of the stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $100.32, for a total transaction of $750,293.28. Following the sale, the president now owns 5,615 shares in the company, valued at $563,296.80. This represents a 57.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Robert F. Helm sold 2,401 shares of Ollie’s Bargain Outlet stock in a transaction on Thursday, October 17th. The shares were 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 owns 2,021 shares of the company’s stock, valued at approximately $191,348.28. This trade represents a 54.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 24,880 shares of company stock worth $2,462,470. 0.87% of the stock is owned by corporate insiders.

Ollie’s Bargain Outlet Trading Down 0.6 %

Shares of NASDAQ OLLI opened at $91.93 on Friday. The firm has a market cap of $5.64 billion, a price-to-earnings ratio of 28.03, a price-to-earnings-growth ratio of 2.29 and a beta of 0.84. The stock has a fifty day simple moving average of $95.31 and a two-hundred day simple moving average of $91.77. Ollie’s Bargain Outlet Holdings, Inc. has a 1-year low of $68.05 and a 1-year high of $104.98.

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, hitting the consensus estimate of $0.78. The company had revenue of $578.38 million during the quarter, compared to analyst estimates of $561.60 million. Ollie’s Bargain Outlet had a return on equity of 13.27% and a net margin of 9.19%. The firm’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.67 EPS. Analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.27 EPS for the current year.

Ollie’s Bargain Outlet 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.