Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Shares Sold by MetLife Investment Management LLC

MetLife Investment Management LLC trimmed its position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 2.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,629 shares of the company’s stock after selling 639 shares during the quarter. MetLife Investment Management LLC owned approximately 0.05% of Ollie’s Bargain Outlet worth $3,074,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Townsquare Capital LLC raised its holdings in shares of Ollie’s Bargain Outlet by 2.0% in the 3rd quarter. Townsquare Capital LLC now owns 106,917 shares of the company’s stock valued at $10,392,000 after purchasing an additional 2,114 shares in the last quarter. Hancock Whitney Corp acquired a new stake in shares of Ollie’s Bargain Outlet in the 3rd quarter valued at $988,000. Loomis Sayles & Co. L P purchased a new position in shares of Ollie’s Bargain Outlet in the 3rd quarter valued at $16,590,000. Great Valley Advisor Group Inc. purchased a new position in shares of Ollie’s Bargain Outlet in the 3rd quarter valued at $222,000. Finally, Nicolet Advisory Services LLC grew its position in shares of Ollie’s Bargain Outlet by 6.7% in the 3rd quarter. Nicolet Advisory Services LLC now owns 4,510 shares of the company’s stock valued at $433,000 after buying an additional 282 shares during the last quarter.

Ollie’s Bargain Outlet Stock Down 2.6 %

Shares of NASDAQ:OLLI opened at $97.31 on Wednesday. The company has a market cap of $5.97 billion, a price-to-earnings ratio of 29.67, a PEG ratio of 2.48 and a beta of 0.85. The firm’s 50-day simple moving average is $94.85 and its 200-day simple moving average is $93.73. Ollie’s Bargain Outlet Holdings, Inc. has a fifty-two week low of $68.05 and a fifty-two week high of $104.98.

Insider Activity

In other news, 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 sale, the chief financial officer now owns 2,021 shares of the company’s stock, valued at $191,348.28. The trade was a 54.30 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Kevin Mclain sold 15,000 shares of Ollie’s Bargain Outlet stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $98.99, for a total transaction of $1,484,850.00. Following the completion of the sale, the senior vice president now directly owns 10,610 shares in the company, valued at approximately $1,050,283.90. The trade was a 58.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 33,712 shares of company stock valued at $3,368,270 over the last quarter. Corporate insiders own 0.87% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Wells Fargo & Company downgraded shares of Ollie’s Bargain Outlet from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $100.00 to $95.00 in a research report on Tuesday. Loop Capital reaffirmed a “buy” rating and issued a $110.00 target price on shares of Ollie’s Bargain Outlet in a research report on Friday, September 20th. JPMorgan Chase & Co. dropped their target price on shares of Ollie’s Bargain Outlet from $113.00 to $105.00 and set an “overweight” rating on the stock in a research report on Friday, August 30th. Piper Sandler reaffirmed an “overweight” rating and issued a $107.00 target price on shares of Ollie’s Bargain Outlet in a research report on Friday, October 4th. Finally, Bank of America increased their target price on shares of Ollie’s Bargain Outlet from $102.00 to $115.00 and gave the company a “buy” rating in a research report on Monday, September 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Ollie’s Bargain Outlet presently has an average rating of “Moderate Buy” and an average target price of $104.50.

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.