Atria Investments Inc Trims Stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Atria Investments Inc reduced its stake in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 20.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,220 shares of the company’s stock after selling 3,864 shares during the quarter. Atria Investments Inc’s holdings in Ollie’s Bargain Outlet were worth $1,479,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Signaturefd LLC grew its holdings in Ollie’s Bargain Outlet by 6.4% in the second quarter. Signaturefd LLC now owns 1,727 shares of the company’s stock valued at $170,000 after purchasing an additional 104 shares during the period. Trust Point Inc. grew its holdings in Ollie’s Bargain Outlet by 1.0% in the third quarter. Trust Point Inc. now owns 13,184 shares of the company’s stock valued at $1,281,000 after purchasing an additional 134 shares during the period. GAMMA Investing LLC grew its holdings in Ollie’s Bargain Outlet by 37.9% in the third quarter. GAMMA Investing LLC now owns 651 shares of the company’s stock valued at $63,000 after purchasing an additional 179 shares during the period. Farther Finance Advisors LLC grew its holdings in Ollie’s Bargain Outlet by 5.6% in the third quarter. Farther Finance Advisors LLC now owns 3,544 shares of the company’s stock valued at $344,000 after purchasing an additional 188 shares during the period. Finally, Vista Investment Partners LLC grew its holdings in Ollie’s Bargain Outlet by 1.8% in the first quarter. Vista Investment Partners LLC now owns 11,087 shares of the company’s stock valued at $882,000 after purchasing an additional 191 shares during the period.

Ollie’s Bargain Outlet Stock Performance

Shares of Ollie’s Bargain Outlet stock opened at $91.93 on Friday. Ollie’s Bargain Outlet Holdings, Inc. has a one year low of $68.05 and a one year high of $104.98. The company has a market cap of $5.64 billion, a price-to-earnings ratio of 28.03, a PEG ratio of 2.29 and a beta of 0.84. The business’s 50 day moving average price is $95.31 and its 200 day moving average price is $91.77.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its earnings results on Thursday, August 29th. The company reported $0.78 EPS for the quarter, meeting analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $561.60 million. During the same quarter in the previous year, the business earned $0.67 earnings per share. The company’s revenue for the quarter was up 12.4% on a year-over-year basis. On average, analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.27 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have commented on OLLI shares. UBS Group raised their price objective on Ollie’s Bargain Outlet from $97.00 to $99.00 and gave the company a “neutral” rating in a report on Friday, August 30th. StockNews.com lowered Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research note on Tuesday, October 22nd. Loop Capital reaffirmed a “buy” rating and issued a $110.00 price target on shares of Ollie’s Bargain Outlet in a research note on Friday, September 20th. Gordon Haskett raised Ollie’s Bargain Outlet from an “accumulate” rating to a “buy” rating and lifted their price target for the stock from $105.00 to $107.00 in a research note on Monday, August 26th. Finally, Royal Bank of Canada lifted their price target on Ollie’s Bargain Outlet from $100.00 to $106.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, Ollie’s Bargain Outlet presently has an average rating of “Moderate Buy” and a consensus price target of $104.92.

Insider Buying and Selling at Ollie’s Bargain Outlet

In related news, President Der Valk Eric Van sold 7,479 shares of the business’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $100.32, for a total value of $750,293.28. Following the sale, the president now owns 5,615 shares in the company, valued at approximately $563,296.80. The trade was a 57.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Robert F. Helm sold 2,401 shares of the business’s stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $94.68, for a total value 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 represents a 54.30 % 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 company insiders.

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.