Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Holdings Cut by Tributary Capital Management LLC

Tributary Capital Management LLC lowered its stake in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 0.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 279,564 shares of the company’s stock after selling 1,117 shares during the period. Ollie’s Bargain Outlet accounts for about 2.1% of Tributary Capital Management LLC’s investment portfolio, making the stock its 10th biggest holding. Tributary Capital Management LLC owned approximately 0.46% of Ollie’s Bargain Outlet worth $27,174,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. International Assets Investment Management LLC purchased a new stake in shares of Ollie’s Bargain Outlet during the second quarter valued at about $25,000. ORG Partners LLC purchased a new position in Ollie’s Bargain Outlet in the first quarter worth $28,000. Opal Wealth Advisors LLC acquired a new position in shares of Ollie’s Bargain Outlet during the second quarter worth $31,000. Crewe Advisors LLC purchased a new stake in shares of Ollie’s Bargain Outlet during the 2nd quarter valued at $36,000. Finally, Versant Capital Management Inc acquired a new stake in shares of Ollie’s Bargain Outlet in the 2nd quarter worth $38,000.

Insider Activity

In related news, CFO Robert F. Helm sold 2,401 shares of Ollie’s Bargain Outlet stock in a transaction that occurred 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 approximately $191,348.28. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, SVP Kevin Mclain sold 15,000 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $98.99, for a total transaction of $1,484,850.00. Following the completion of the transaction, the senior vice president now directly owns 10,610 shares of the company’s stock, valued at $1,050,283.90. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Robert F. Helm sold 2,401 shares of Ollie’s Bargain Outlet stock in a transaction dated 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 transaction, the chief financial officer now 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. In the last three months, insiders have sold 24,880 shares of company stock valued at $2,462,470. Company insiders own 0.87% of the company’s stock.

Ollie’s Bargain Outlet Stock Down 0.0 %

Shares of OLLI opened at $90.71 on Monday. Ollie’s Bargain Outlet Holdings, Inc. has a 52-week low of $68.05 and a 52-week high of $104.98. The stock has a fifty day simple moving average of $95.08 and a two-hundred day simple moving average of $89.84. The company has a market capitalization of $5.55 billion, a PE ratio of 28.62, a price-to-earnings-growth ratio of 2.28 and a beta of 0.84.

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

Analyst Upgrades and Downgrades

OLLI has been the subject of several recent analyst reports. Loop Capital reissued a “buy” rating and issued a $110.00 price target on shares of Ollie’s Bargain Outlet in a report on Friday, September 20th. Royal Bank of Canada boosted their target price on shares of Ollie’s Bargain Outlet from $100.00 to $106.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. Truist Financial lifted their target price on Ollie’s Bargain Outlet from $102.00 to $109.00 and gave the stock a “buy” rating in a report on Friday, July 12th. JPMorgan Chase & Co. cut their price target on shares of Ollie’s Bargain Outlet from $113.00 to $105.00 and set an “overweight” rating on the stock in a report on Friday, August 30th. Finally, Gordon Haskett raised shares of Ollie’s Bargain Outlet from an “accumulate” rating to a “buy” rating and upped their price objective for the company from $105.00 to $107.00 in a report on Monday, August 26th. One analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $104.92.

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.