Diversify Wealth Management LLC Purchases 840 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Diversify Wealth Management LLC raised its position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 14.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,821 shares of the company’s stock after purchasing an additional 840 shares during the period. Diversify Wealth Management LLC’s holdings in Ollie’s Bargain Outlet were worth $619,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its position in Ollie’s Bargain Outlet by 6.2% during the 1st quarter. Vanguard Group Inc. now owns 5,882,908 shares of the company’s stock valued at $468,103,000 after purchasing an additional 343,903 shares in the last quarter. Capital Research Global Investors bought a new position in shares of Ollie’s Bargain Outlet in the 1st quarter worth $136,978,000. American Century Companies Inc. raised its position in shares of Ollie’s Bargain Outlet by 5.6% in the 2nd quarter. American Century Companies Inc. now owns 780,064 shares of the company’s stock worth $76,579,000 after acquiring an additional 41,605 shares in the last quarter. D. E. Shaw & Co. Inc. raised its position in shares of Ollie’s Bargain Outlet by 953.2% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 566,738 shares of the company’s stock worth $55,637,000 after acquiring an additional 512,928 shares in the last quarter. Finally, Los Angeles Capital Management LLC raised its position 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 worth $54,981,000 after acquiring an additional 372,914 shares in the last quarter.

Insider Transactions 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 value of $1,484,850.00. Following the sale, the senior vice president now 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 Securities & Exchange Commission, which is available through the SEC website. 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 value of $1,484,850.00. Following the sale, the senior vice president now 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 Securities & Exchange Commission, which is available through the SEC website. Also, CFO Robert F. Helm sold 2,401 shares of the company’s stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $94.68, for a total value of $227,326.68. Following the completion of the transaction, the chief financial officer now directly owns 2,021 shares of the company’s stock, valued at $191,348.28. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 24,880 shares of company stock worth $2,462,470 over the last quarter. 0.87% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on OLLI. UBS Group boosted their price target on Ollie’s Bargain Outlet from $97.00 to $99.00 and gave the stock a “neutral” rating in a research report on Friday, August 30th. Gordon Haskett raised Ollie’s Bargain Outlet from an “accumulate” rating to a “buy” rating and boosted their price target for the stock from $105.00 to $107.00 in a research report on Monday, August 26th. Piper Sandler reissued an “overweight” rating and issued a $107.00 price target on shares of Ollie’s Bargain Outlet in a research report on Friday, October 4th. Loop Capital reissued a “buy” rating and issued a $110.00 price target on shares of Ollie’s Bargain Outlet in a research report on Friday, September 20th. Finally, StockNews.com lowered Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research report on Tuesday, October 22nd. One equities research 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 company has an average rating of “Moderate Buy” and a consensus target price of $104.92.

Ollie’s Bargain Outlet Stock Performance

Ollie’s Bargain Outlet stock opened at $91.83 on Friday. The business’s 50-day simple moving average is $94.62 and its two-hundred day simple moving average is $90.10. The company has a market cap of $5.63 billion, a PE ratio of 28.00, a PEG ratio of 2.26 and a beta of 0.84. Ollie’s Bargain Outlet Holdings, Inc. has a fifty-two week low of $68.05 and a fifty-two week high of $104.98.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings results on Thursday, August 29th. The company reported $0.78 earnings per share for the quarter, meeting the consensus estimate of $0.78. The business had revenue of $578.38 million for the quarter, compared to the consensus estimate of $561.60 million. Ollie’s Bargain Outlet had a return on equity of 13.27% and a net margin of 9.19%. The company’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.67 EPS. As a group, analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.28 EPS for the current fiscal year.

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.