Norden Group LLC Sells 363 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Norden Group LLC cut its position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 6.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,010 shares of the company’s stock after selling 363 shares during the quarter. Norden Group LLC’s holdings in Ollie’s Bargain Outlet were worth $380,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Louisiana State Employees Retirement System bought a new position in Ollie’s Bargain Outlet in the 4th quarter valued at approximately $1,313,000. Envestnet Asset Management Inc. increased its position in Ollie’s Bargain Outlet by 38.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 145,618 shares of the company’s stock valued at $11,239,000 after acquiring an additional 40,819 shares during the period. Nordea Investment Management AB bought a new position in shares of Ollie’s Bargain Outlet during the fourth quarter valued at $2,372,000. Invesco Ltd. lifted its holdings in shares of Ollie’s Bargain Outlet by 76.1% during the third quarter. Invesco Ltd. now owns 831,522 shares of the company’s stock worth $64,177,000 after purchasing an additional 359,371 shares during the period. Finally, Rhumbline Advisers grew its stake in shares of Ollie’s Bargain Outlet by 4.5% in the third quarter. Rhumbline Advisers now owns 182,049 shares of the company’s stock worth $14,050,000 after purchasing an additional 7,863 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Loop Capital upgraded shares of Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and raised their price target for the stock from $80.00 to $90.00 in a report on Friday, April 5th. Truist Financial boosted their target price on shares of Ollie’s Bargain Outlet from $78.00 to $80.00 and gave the company a “hold” rating in a report on Thursday, March 21st. Royal Bank of Canada reiterated an “outperform” rating and set a $86.00 price target on shares of Ollie’s Bargain Outlet in a report on Thursday, March 21st. JPMorgan Chase & Co. cut their target price on Ollie’s Bargain Outlet from $88.00 to $85.00 and set a “neutral” rating on the stock in a research report on Thursday, March 21st. Finally, Craig Hallum raised their price target on shares of Ollie’s Bargain Outlet from $98.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, March 21st. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Ollie’s Bargain Outlet has a consensus rating of “Moderate Buy” and a consensus price target of $84.92.

Insider Buying and Selling

In other Ollie’s Bargain Outlet news, CEO John W. Swygert sold 5,000 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $82.57, for a total transaction of $412,850.00. Following the transaction, the chief executive officer now directly owns 48,200 shares in the company, valued at approximately $3,979,874. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Ollie’s Bargain Outlet news, CEO John W. Swygert sold 5,000 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $82.57, for a total value of $412,850.00. Following the completion of the sale, the chief executive officer now directly owns 48,200 shares of the company’s stock, valued at approximately $3,979,874. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Robert F. Helm sold 2,317 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $78.14, for a total transaction of $181,050.38. Following the transaction, the chief financial officer now directly owns 1,777 shares in the company, valued at approximately $138,854.78. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,171 shares of company stock worth $2,084,338. 0.86% of the stock is owned by corporate insiders.

Ollie’s Bargain Outlet Trading Down 1.2 %

Ollie’s Bargain Outlet stock opened at $72.26 on Thursday. The firm’s fifty day moving average price is $75.32 and its two-hundred day moving average price is $75.08. The firm has a market capitalization of $4.43 billion, a price-to-earnings ratio of 24.75 and a beta of 0.76. Ollie’s Bargain Outlet Holdings, Inc. has a 1-year low of $52.93 and a 1-year high of $84.38.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings results on Wednesday, March 20th. The company reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.07. The business had revenue of $648.90 million during the quarter, compared to the consensus estimate of $649.39 million. Ollie’s Bargain Outlet had a return on equity of 12.55% and a net margin of 8.63%. The company’s quarterly revenue was up 18.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.84 EPS. On average, research analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.19 EPS for the current year.

Ollie’s Bargain Outlet 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.