City State Bank Lowers Position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

City State Bank lowered its holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 33.3% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 300 shares of the company’s stock after selling 150 shares during the period. City State Bank’s holdings in Ollie’s Bargain Outlet were worth $29,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of OLLI. Raymond James & Associates raised its holdings in shares of Ollie’s Bargain Outlet by 8.9% in the 4th quarter. Raymond James & Associates now owns 70,295 shares of the company’s stock valued at $5,335,000 after acquiring an additional 5,728 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Ollie’s Bargain Outlet by 9.4% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 6,535 shares of the company’s stock valued at $496,000 after buying an additional 564 shares in the last quarter. Assenagon Asset Management S.A. purchased a new position in shares of Ollie’s Bargain Outlet during the 4th quarter valued at about $1,093,000. International Assets Investment Management LLC raised its holdings in shares of Ollie’s Bargain Outlet by 4,164.0% during the 4th quarter. International Assets Investment Management LLC now owns 3,795 shares of the company’s stock valued at $288,000 after buying an additional 3,706 shares in the last quarter. Finally, New York State Teachers Retirement System raised its holdings in shares of Ollie’s Bargain Outlet by 0.5% during the 4th quarter. New York State Teachers Retirement System now owns 59,747 shares of the company’s stock valued at $4,534,000 after buying an additional 300 shares in the last quarter.

Analyst Upgrades and Downgrades

OLLI has been the topic of a number of research reports. Truist Financial raised their price objective on Ollie’s Bargain Outlet from $102.00 to $109.00 and gave the company a “buy” rating in a report on Friday, July 12th. JPMorgan Chase & Co. raised Ollie’s Bargain Outlet from a “neutral” rating to an “overweight” rating and set a $105.00 price objective on the stock in a report on Monday, June 17th. Piper Sandler raised their price target on Ollie’s Bargain Outlet from $100.00 to $107.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 25th. Bank of America raised their price target on Ollie’s Bargain Outlet from $92.00 to $102.00 and gave the stock a “buy” rating in a research report on Thursday, June 6th. Finally, Craig Hallum raised their price target on Ollie’s Bargain Outlet from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Thursday, June 6th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $102.08.

Ollie’s Bargain Outlet Trading Up 0.5 %

Shares of OLLI stock traded up $0.49 during trading hours on Tuesday, reaching $94.19. The company’s stock had a trading volume of 664,664 shares, compared to its average volume of 1,002,766. The stock has a market capitalization of $5.77 billion, a P/E ratio of 29.71, a P/E/G ratio of 2.65 and a beta of 0.90. Ollie’s Bargain Outlet Holdings, Inc. has a one year low of $68.05 and a one year high of $104.98. The firm’s fifty day simple moving average is $94.75 and its 200 day simple moving average is $82.25.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings results on Wednesday, June 5th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.08. Ollie’s Bargain Outlet had a return on equity of 13.22% and a net margin of 9.14%. The company had revenue of $508.82 million for the quarter, compared to analysts’ expectations of $506.49 million. During the same period in the prior year, the firm earned $0.49 earnings per share. The firm’s revenue for the quarter was up 10.8% on a year-over-year basis. As a group, equities research analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.27 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, SVP James J. Comitale sold 2,153 shares of the company’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $104.17, for a total transaction of $224,278.01. Following the transaction, the senior vice president now directly owns 2,732 shares of the company’s stock, valued at $284,592.44. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, SVP James J. Comitale sold 2,153 shares of the company’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $104.17, for a total transaction of $224,278.01. Following the completion of the sale, the senior vice president now owns 2,732 shares in the company, valued at $284,592.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Kevin Mclain sold 11,340 shares of the company’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $85.75, for a total value of $972,405.00. Following the sale, the senior vice president now owns 10,610 shares of the company’s stock, valued at approximately $909,807.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 34,367 shares of company stock valued at $3,061,165. 0.87% of the stock is currently owned by corporate insiders.

About Ollie’s Bargain Outlet

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.