Corient Private Wealth LLC Acquires 3,906 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Corient Private Wealth LLC increased its holdings in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 86.2% during the 4th quarter, HoldingsChannel reports. The firm owned 8,438 shares of the company’s stock after purchasing an additional 3,906 shares during the period. Corient Private Wealth LLC’s holdings in Ollie’s Bargain Outlet were worth $926,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Wilmington Savings Fund Society FSB raised its holdings in Ollie’s Bargain Outlet by 337.0% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 236 shares of the company’s stock worth $26,000 after buying an additional 182 shares during the period. Bogart Wealth LLC bought a new stake in shares of Ollie’s Bargain Outlet during the fourth quarter worth $26,000. Blue Trust Inc. raised its holdings in shares of Ollie’s Bargain Outlet by 55.2% during the fourth quarter. Blue Trust Inc. now owns 284 shares of the company’s stock worth $31,000 after acquiring an additional 101 shares during the period. Tortoise Investment Management LLC bought a new stake in Ollie’s Bargain Outlet in the 4th quarter valued at $45,000. Finally, Arcadia Investment Management Corp MI acquired a new position in Ollie’s Bargain Outlet in the 4th quarter worth $58,000.

Ollie’s Bargain Outlet Stock Up 4.5 %

Shares of NASDAQ OLLI opened at $113.07 on Friday. The business’s 50 day moving average price is $105.83 and its two-hundred day moving average price is $102.10. The company has a market cap of $6.93 billion, a PE ratio of 33.75, a price-to-earnings-growth ratio of 2.21 and a beta of 0.83. Ollie’s Bargain Outlet Holdings, Inc. has a twelve month low of $68.05 and a twelve month high of $120.03.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings results on Wednesday, March 19th. The company reported $1.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.01). Ollie’s Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. The business had revenue of $667.10 million for the quarter, compared to analyst estimates of $674.61 million. During the same period in the prior year, the business earned $1.23 EPS. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. As a group, research analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Robert F. Helm sold 2,145 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $108.50, for a total transaction of $232,732.50. Following the completion of the sale, the chief financial officer now directly owns 3,888 shares of the company’s stock, valued at approximately $421,848. This trade represents a 35.55 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Robert Fisch sold 6,250 shares of the company’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $108.08, for a total value of $675,500.00. Following the completion of the transaction, the director now directly owns 22,159 shares in the company, valued at approximately $2,394,944.72. This represents a 22.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.87% of the stock is currently owned by insiders.

Analyst Ratings Changes

OLLI has been the topic of several recent research reports. StockNews.com downgraded Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research note on Tuesday, February 4th. Citigroup raised Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and lifted their target price for the company from $64.00 to $133.00 in a research report on Wednesday, December 18th. Loop Capital upped their price target on Ollie’s Bargain Outlet from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. Jefferies Financial Group downgraded shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and lowered their price objective for the company from $125.00 to $111.00 in a report on Tuesday, February 4th. Finally, Royal Bank of Canada boosted their price objective on shares of Ollie’s Bargain Outlet from $130.00 to $133.00 and gave the stock an “outperform” rating in a research report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, Ollie’s Bargain Outlet has an average rating of “Moderate Buy” and an average target price of $123.08.

Ollie’s Bargain Outlet Profile

Ollie’s Bargain Outlet Holdings, Inc is a holding company, which engages in the retail of closeouts, excess inventory, and salvage merchandise. It offers overstocks, package changes, manufacturer refurbished goods, and irregulars. The company’s products include housewares, food, books and stationery, bed and bath, floor coverings, electronics and toys.