SevenBridge Financial Group LLC Has $203,000 Holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

SevenBridge Financial Group LLC trimmed its holdings in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 8.8% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,074 shares of the company’s stock after selling 200 shares during the period. SevenBridge Financial Group LLC’s holdings in Ollie’s Bargain Outlet were worth $203,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. D. E. Shaw & Co. Inc. grew its holdings in Ollie’s Bargain Outlet by 953.2% in the second quarter. D. E. Shaw & Co. Inc. now owns 566,738 shares of the company’s stock worth $55,637,000 after purchasing an additional 512,928 shares during the period. Los Angeles Capital Management LLC grew its stake in shares of Ollie’s Bargain Outlet by 199.3% in the 2nd quarter. Los Angeles Capital Management LLC now owns 560,054 shares of the company’s stock valued at $54,981,000 after buying an additional 372,914 shares during the period. Vanguard Group Inc. increased its position in Ollie’s Bargain Outlet by 6.2% in the 1st quarter. Vanguard Group Inc. now owns 5,882,908 shares of the company’s stock valued at $468,103,000 after buying an additional 343,903 shares in the last quarter. Victory Capital Management Inc. raised its stake in Ollie’s Bargain Outlet by 84.8% during the 3rd quarter. Victory Capital Management Inc. now owns 313,836 shares of the company’s stock worth $30,505,000 after buying an additional 143,996 shares during the period. Finally, F M Investments LLC bought a new position in Ollie’s Bargain Outlet in the second quarter worth approximately $13,852,000.

Insiders Place Their Bets

In other news, CFO Robert F. Helm sold 2,401 shares of the firm’s stock in a transaction that occurred on Thursday, October 17th. The shares were 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 $191,348.28. This trade represents a 54.30 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Kevin Mclain sold 15,000 shares of the company’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 value 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. The trade was a 58.57 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 24,880 shares of company stock valued at $2,462,470. Company insiders own 0.87% of the company’s stock.

Analyst Upgrades and Downgrades

OLLI has been the subject of several recent research reports. Piper Sandler restated an “overweight” rating and set a $107.00 price objective on shares of Ollie’s Bargain Outlet in a report on Friday, October 4th. Loop Capital restated a “buy” rating and set a $110.00 price objective on shares of Ollie’s Bargain Outlet in a report on Friday, September 20th. 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 report on Wednesday, October 2nd. 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. Finally, UBS Group boosted their price objective on Ollie’s Bargain Outlet from $97.00 to $99.00 and gave the stock a “neutral” rating in a report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $104.92.

Ollie’s Bargain Outlet Stock Up 4.3 %

OLLI stock opened at $94.61 on Monday. The business has a 50 day moving average of $94.79 and a 200-day moving average of $92.49. The firm has a market cap of $5.80 billion, a PE ratio of 28.84, a P/E/G ratio of 2.35 and a beta of 0.84. Ollie’s Bargain Outlet Holdings, Inc. has a 12-month low of $68.05 and a 12-month high of $104.98.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its earnings results on Thursday, August 29th. The company reported $0.78 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.78. The firm 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 business’s revenue was up 12.4% compared to the same quarter last year. During the same period last year, the firm posted $0.67 EPS. On average, research analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.27 earnings per share 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.