Legacy Capital Wealth Partners LLC Has $266,000 Holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Legacy Capital Wealth Partners LLC trimmed its stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 5.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,740 shares of the company’s stock after selling 170 shares during the period. Legacy Capital Wealth Partners LLC’s holdings in Ollie’s Bargain Outlet were worth $266,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Sei Investments Co. boosted its holdings in Ollie’s Bargain Outlet by 15.3% in the first quarter. Sei Investments Co. now owns 207,554 shares of the company’s stock valued at $16,515,000 after acquiring an additional 27,531 shares during the last quarter. Axxcess Wealth Management LLC acquired a new stake in shares of Ollie’s Bargain Outlet during the first quarter worth $841,000. Capital Research Global Investors bought a new position in Ollie’s Bargain Outlet during the first quarter worth $136,978,000. Seven Eight Capital LP lifted its holdings in Ollie’s Bargain Outlet by 178.8% in the first quarter. Seven Eight Capital LP now owns 9,592 shares of the company’s stock valued at $763,000 after buying an additional 6,151 shares during the period. Finally, D. E. Shaw & Co. Inc. boosted its position in 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 acquiring an additional 512,928 shares during the last quarter.

Insider Buying and Selling at Ollie’s Bargain Outlet

In other news, SVP Kevin Mclain sold 15,000 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $98.99, for a total transaction of $1,484,850.00. Following the sale, the senior vice president now directly owns 10,610 shares in the company, valued at $1,050,283.90. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, CFO Robert F. Helm sold 2,401 shares of Ollie’s Bargain Outlet stock in a transaction dated 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 owns 2,021 shares in the company, valued at approximately $191,348.28. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Kevin Mclain sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $98.99, for a total transaction of $1,484,850.00. Following the completion of the transaction, the senior vice president now owns 10,610 shares in the company, valued at approximately $1,050,283.90. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 24,880 shares of company stock valued at $2,462,470 in the last 90 days. 0.87% of the stock is currently owned by company insiders.

Ollie’s Bargain Outlet Stock Performance

NASDAQ OLLI opened at $98.10 on Tuesday. The company has a market capitalization of $6.02 billion, a PE ratio of 29.91, a price-to-earnings-growth ratio of 2.46 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 company has a 50-day simple moving average of $94.99 and a 200 day simple moving average of $91.49.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings data on Thursday, August 29th. The company reported $0.78 EPS for the quarter, meeting 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 business had revenue of $578.38 million for the quarter, compared to the consensus estimate of $561.60 million. During the same quarter in the prior year, the business earned $0.67 earnings per share. Ollie’s Bargain Outlet’s revenue for the quarter was up 12.4% on a year-over-year basis. As a group, analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.28 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Gordon Haskett raised Ollie’s Bargain Outlet from an “accumulate” rating to a “buy” rating and boosted their price objective for the company from $105.00 to $107.00 in a research note on Monday, August 26th. JPMorgan Chase & Co. cut their price target on Ollie’s Bargain Outlet from $113.00 to $105.00 and set an “overweight” rating on the stock in a report on Friday, August 30th. Royal Bank of Canada raised their price objective on shares of Ollie’s Bargain Outlet from $100.00 to $106.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. StockNews.com downgraded shares of Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research report on Tuesday, October 22nd. Finally, Bank of America lifted their price target on shares of Ollie’s Bargain Outlet from $102.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, September 30th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $104.92.

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.