Oppenheimer Asset Management Inc. reduced its stake in the shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI – Get a rating) by 20.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund held 84,082 shares of the company after selling 21,015 shares during the period. Oppenheimer Asset Management Inc. held 0.13% of Ollie’s Bargain Outlet worth $4,304,000 when it last filed with the SEC.
A number of other institutional investors and hedge funds also bought and sold shares of the company. CVA Family Office LLC purchased a new stake in Ollie’s Bargain Outlet in Q4, valued at approximately $53,000. Signaturefd LLC increased its stake in shares of Ollie’s Bargain Outlet by 453.4% in the third quarter. Signaturefd LLC now owns 963 shares of the company worth $58,000 after acquiring an additional 789 shares during the period. Patriot Financial Group Insurance Agency LLC acquired a new stock position in Ollie’s Bargain Outlet in the third quarter worth approximately $66,000. Van ECK Associates Corp increased its stake in Ollie’s Bargain Outlet by 59.2% in the third quarter. Van ECK Associates Corp now owns 1,245 shares of the company valued at $75,000 after purchasing an additional 463 shares during the period. Finally, Financial Management Professionals Inc. increased its equity stake in Ollie’s Bargain Outlet by 19.6% during the third quarter. Financial Management Professionals Inc. now owns 1,397 shares of the company valued at $84,000 after acquiring 229 additional shares in the last quarter.
Shares of NASDAQ OLLI traded at $0.79 during Monday trading hours, reaching $51.98. 2,131 shares of the stock have been traded, compared to its average volume of 1,369,873. The company’s 50-day simple moving average is $43.97 and its two-hundred-day simple moving average is 53 $.02. Ollie’s Bargain Outlet Holdings, Inc. has a 52-week low of $37.67 and a 52-week high of $98.58. The company has a market capitalization of $3.26 billion, a P/E ratio of 21.07, a price-to-earnings growth ratio of 1.96 and a beta of 1.27.
Ollie’s Bargain Outlet (NASDAQ:OLLI – Get a rating) last released its quarterly results on Wednesday, March 23. The company reported EPS of $0.69 for the quarter, beating Thomson Reuters consensus estimate of $0.66 by $0.03. Ollie’s Bargain Outlet achieved a net margin of 8.98% and a return on equity of 11.47%. The company posted revenue of $501.14 million in the quarter, compared to analyst estimates of $518.72 million. In the same quarter of the previous year, the company achieved EPS of $0.97. The company’s revenue for the quarter was down 2.8% from the same quarter last year. Analysts predict Ollie’s Bargain Outlet Holdings, Inc. will post earnings per share of 2.16 for the current year.
Several brokerages have commented on OLLI. Wells Fargo & Company raised Ollie’s Bargain Outlet from an “equal weight” rating to an “overweight” rating and raised its price target for the company from $45.00 to $65.00 in a Monday research report April 4. StockNews.com supposed coverage on Ollie’s Bargain Outlet in a research report on Thursday, March 31. They have placed a “holding” rating on the stock. Stephens cut his price target on Ollie’s Bargain Outlet from $73.00 to $66.00 and set an “overweight” rating for the company in a research note on Friday, March 25. Goldman Sachs Group downgraded Ollie’s Bargain Outlet from a ‘neutral’ rating to a ‘sell’ rating and lowered its price target for the stock from $77.00 to $48.00 in a Tuesday research note December 14. Finally, Royal Bank of Canada cut its price target on Ollie’s Bargain Outlet from $51.00 to $47.00 and set an “industry return” rating for the stock in a Thursday 24 research report. March. Three investment analysts have assigned the stock a sell rating, nine have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $58.38.
Ollie’s Bargain Outlet Company Profile (Get a rating)
Ollie’s Bargain Outlet Holdings, Inc. operates as a brand name merchandise retailer. The company offers household, bed and bath, food, flooring, health and beauty products, books and stationery, toys and electronics. and other products, including hardware, candy, apparel, sporting goods, pet, and lawn and garden products.
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