Fiera Capital Corp Has $4.46 Million Position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Fiera Capital Corp boosted its holdings in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 0.9% in the second quarter, Holdings Channel.com reports. The fund owned 45,413 shares of the company’s stock after buying an additional 397 shares during the quarter. Fiera Capital Corp’s holdings in Ollie’s Bargain Outlet were worth $4,458,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Venturi Wealth Management LLC grew its stake in shares of Ollie’s Bargain Outlet by 194.3% during the first quarter. Venturi Wealth Management LLC now owns 309 shares of the company’s stock worth $25,000 after purchasing an additional 204 shares during the period. International Assets Investment Management LLC bought a new position in Ollie’s Bargain Outlet during the second quarter worth about $25,000. ORG Partners LLC acquired a new position in shares of Ollie’s Bargain Outlet during the 1st quarter worth about $28,000. Blue Bell Private Wealth Management LLC bought a new stake in shares of Ollie’s Bargain Outlet in the 1st quarter valued at about $29,000. Finally, Opal Wealth Advisors LLC bought a new position in Ollie’s Bargain Outlet during the 2nd quarter worth approximately $31,000.

Ollie’s Bargain Outlet Trading Down 0.3 %

Shares of OLLI opened at $88.75 on Thursday. The stock has a market capitalization of $5.44 billion, a price-to-earnings ratio of 28.00, a PEG ratio of 2.43 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. The firm has a fifty day simple moving average of $96.19 and a 200 day simple moving average of $84.84.

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, 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 company had revenue of $578.38 million during the quarter, compared to analysts’ expectations of $561.60 million. During the same quarter last year, the company earned $0.67 EPS. Ollie’s Bargain Outlet’s revenue for the quarter was up 12.4% compared to the same quarter last year. As a group, research analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.27 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

OLLI has been the subject of several recent analyst reports. Loop Capital upped their target price on shares of Ollie’s Bargain Outlet from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Monday, June 24th. Bank of America raised their price objective on Ollie’s Bargain Outlet from $92.00 to $102.00 and gave the stock a “buy” rating in a research note on Thursday, June 6th. StockNews.com cut Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research note on Friday, August 30th. Gordon Haskett raised Ollie’s Bargain Outlet from an “accumulate” rating to a “buy” rating and raised their price target for the stock from $105.00 to $107.00 in a research report on Monday, August 26th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $107.00 price objective on shares of Ollie’s Bargain Outlet in a research report on Friday, August 30th. 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.com, the company presently has an average rating of “Moderate Buy” and an average target price of $103.33.

Insiders Place Their Bets

In related news, SVP James J. Comitale sold 2,153 shares of the firm’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $104.17, for a total value of $224,278.01. Following the completion of the transaction, the senior vice president now directly owns 2,732 shares of the company’s stock, valued at $284,592.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Ollie’s Bargain Outlet news, SVP James J. Comitale sold 2,153 shares of the company’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $104.17, for a total value of $224,278.01. Following 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 filing with the Securities & Exchange Commission, which is available through this link. Also, Director Thomas Hendrickson sold 4,500 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $97.54, for a total value of $438,930.00. Following the transaction, the director now owns 5,659 shares of the company’s stock, valued at $551,978.86. The disclosure for this sale can be found here. Insiders own 0.87% of the company’s stock.

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.