Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Shares Sold by Baldwin Wealth Partners LLC MA

Baldwin Wealth Partners LLC MA lowered its stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 60.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,907 shares of the company’s stock after selling 4,481 shares during the period. Baldwin Wealth Partners LLC MA’s holdings in Ollie’s Bargain Outlet were worth $319,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of OLLI. Blue Trust Inc. lifted its holdings in shares of Ollie’s Bargain Outlet by 55.2% in the 4th quarter. Blue Trust Inc. now owns 284 shares of the company’s stock valued at $31,000 after buying an additional 101 shares during the period. UMB Bank n.a. lifted its holdings in Ollie’s Bargain Outlet by 25.3% in the fourth quarter. UMB Bank n.a. now owns 545 shares of the company’s stock valued at $60,000 after acquiring an additional 110 shares during the period. GAMMA Investing LLC boosted its position in shares of Ollie’s Bargain Outlet by 37.9% during the 3rd quarter. GAMMA Investing LLC now owns 651 shares of the company’s stock worth $63,000 after purchasing an additional 179 shares in the last quarter. Park Place Capital Corp acquired a new position in shares of Ollie’s Bargain Outlet during the 4th quarter worth $77,000. Finally, Eagle Bay Advisors LLC purchased a new position in shares of Ollie’s Bargain Outlet in the 4th quarter valued at about $79,000.

Analyst Ratings Changes

A number of research firms recently weighed in on OLLI. Bank of America upped their price target on Ollie’s Bargain Outlet from $115.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Citigroup raised Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and lifted their price target for the stock from $64.00 to $133.00 in a research note on Wednesday, December 18th. Truist Financial increased their price objective on shares of Ollie’s Bargain Outlet from $109.00 to $121.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. JPMorgan Chase & Co. lifted their target price on shares of Ollie’s Bargain Outlet from $105.00 to $135.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Finally, Piper Sandler increased their target price on Ollie’s Bargain Outlet from $107.00 to $126.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $118.62.

Insider Transactions at Ollie’s Bargain Outlet

In other news, Director Thomas Hendrickson sold 6,250 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $114.74, for a total value of $717,125.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO John W. Swygert sold 4,032 shares of Ollie’s Bargain Outlet stock in a transaction on Monday, November 25th. The shares were sold at an average price of $102.51, for a total transaction of $413,320.32. Following the transaction, the chief executive officer now owns 48,200 shares in the company, valued at $4,940,982. The trade was a 7.72 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 87,771 shares of company stock worth $9,650,832. 0.87% of the stock is currently owned by company insiders.

Ollie’s Bargain Outlet Stock Up 0.1 %

Shares of OLLI opened at $113.05 on Tuesday. The firm has a market cap of $6.93 billion, a PE ratio of 33.75, a price-to-earnings-growth ratio of 2.75 and a beta of 0.82. The company’s fifty day moving average is $106.64 and its two-hundred day moving average is $99.21. Ollie’s Bargain Outlet Holdings, Inc. has a fifty-two week low of $68.05 and a fifty-two week high of $120.03.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its earnings results on Tuesday, December 10th. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. The firm had revenue of $517.43 million for the quarter, compared to analysts’ expectations of $518.83 million. Ollie’s Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.51 earnings per share. As a group, equities research analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

About Ollie’s Bargain Outlet

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.