Truist Financial Corp Buys 26,583 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)


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Truist Financial Corp boosted its stake in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 49.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 80,469 shares of the company’s stock after buying an additional 26,583 shares during the quarter. Truist Financial Corp’s holdings in Ollie’s Bargain Outlet were worth $6,580,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of OLLI. Great West Life Assurance Co. Can grew its position in Ollie’s Bargain Outlet by 90.2% during the third quarter. Great West Life Assurance Co. Can now owns 53,039 shares of the company’s stock valued at $1,241,000 after buying an additional 25,151 shares during the period. Guggenheim Capital LLC boosted its position in Ollie’s Bargain Outlet by 15.1% during the third quarter. Guggenheim Capital LLC now owns 2,438 shares of the company’s stock worth $213,000 after purchasing an additional 320 shares during the period. UBS Asset Management Americas Inc. boosted its position in Ollie’s Bargain Outlet by 1.2% during the third quarter. UBS Asset Management Americas Inc. now owns 203,761 shares of the company’s stock worth $17,799,000 after purchasing an additional 2,432 shares during the period. First Allied Advisory Services Inc. bought a new position in Ollie’s Bargain Outlet during the third quarter worth about $218,000. Finally, Wealth Alliance boosted its position in Ollie’s Bargain Outlet by 4.8% during the third quarter. Wealth Alliance now owns 2,904 shares of the company’s stock worth $254,000 after purchasing an additional 133 shares during the period.

OLLI has been the subject of a number of research reports. JPMorgan Chase & Co. increased their target price on shares of Ollie’s Bargain Outlet from $105.00 to $109.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 16th. Morgan Stanley lowered shares of Ollie’s Bargain Outlet from an “equal weight” rating to an “underweight” rating and cut their target price for the stock from $86.00 to $80.00 in a research report on Wednesday, January 20th. Bank of America lowered shares of Ollie’s Bargain Outlet from a “buy” rating to an “underperform” rating and cut their price objective for the company from $105.00 to $82.00 in a research report on Thursday, January 14th. Craig Hallum raised their price objective on shares of Ollie’s Bargain Outlet from $100.00 to $117.00 and gave the company a “buy” rating in a research report on Thursday, March 25th. Finally, Zacks Investment Research lowered shares of Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating and set a $96.00 price objective for the company. in a research report on Friday, January 8th. Five research analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $94.13.

In other Ollie’s Bargain Outlet news, SVP Kevin Mclain sold 6,964 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Wednesday, January 27th. The shares were sold at an average price of $117.96, for a total transaction of $821,473.44. Following the transaction, the senior vice president now directly owns 6,518 shares of the company’s stock, valued at $768,863.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Kenneth Robert Bertram sold 750 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Monday, April 5th. The stock was sold at an average price of $90.00, for a total transaction of $67,500.00. Following the transaction, the vice president now directly owns 29,954 shares in the company, valued at $2,695,860. The disclosure for this sale can be found here. Insiders have sold 19,409 shares of company stock worth $1,890,108 over the last three months. Insiders own 16.36% of the company’s stock.

Shares of OLLI opened at $86.56 on Thursday. The firm’s 50 day simple moving average is $88.51 and its 200 day simple moving average is $89.08. The company has a market capitalization of $5.67 billion, a P/E ratio of 25.02, a P/E/G ratio of 1.59 and a beta of 1.13. Ollie’s Bargain Outlet Holdings, Inc. has a 1-year low of $50.84 and a 1-year high of $123.52.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its earnings results on Wednesday, March 17th. The company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.12. The business had revenue of $515.80 million for the quarter, compared to the consensus estimate of $487.74 million. Ollie’s Bargain Outlet had a net margin of 13.31% and a return on equity of 16.64%. Ollie’s Bargain Outlet’s quarterly revenue was up 22.1% on a year-over-year basis. During the same period last year, the firm posted $0.74 earnings per share. As a group, research analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.04 EPS for the current year.

About Ollie’s Bargain Outlet

Ollie's Bargain Outlet Holdings, Inc operates as a retailer of brand name merchandise. The company offers food products, housewares, books and stationery, bed and bath products, health and beauty products, floor coverings, electronics, and toys; and other products, including hardware, personal health care, candy, clothing, sporting, pet and lawn, and garden products.

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Institutional Ownership by Quarter for Ollie`s Bargain Outlet (NASDAQ:OLLI)

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