Fmr LLC Has $861.45 Million Holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Fmr LLC decreased its holdings in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 1.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,862,619 shares of the company’s stock after selling 156,847 shares during the quarter. Fmr LLC owned 14.45% of Ollie’s Bargain Outlet worth $861,447,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. D. E. Shaw & Co. Inc. increased its holdings in shares of Ollie’s Bargain Outlet by 953.2% during the second quarter. D. E. Shaw & Co. Inc. now owns 566,738 shares of the company’s stock worth $55,637,000 after buying an additional 512,928 shares in the last quarter. Los Angeles Capital Management LLC grew its position in Ollie’s Bargain Outlet by 199.3% during the 2nd quarter. Los Angeles Capital Management LLC now owns 560,054 shares of the company’s stock worth $54,981,000 after acquiring an additional 372,914 shares during the last quarter. Loomis Sayles & Co. L P acquired a new position in Ollie’s Bargain Outlet in the 3rd quarter worth about $16,590,000. Victory Capital Management Inc. raised its position in Ollie’s Bargain Outlet by 84.8% in the third quarter. Victory Capital Management Inc. now owns 313,836 shares of the company’s stock valued at $30,505,000 after purchasing an additional 143,996 shares during the last quarter. Finally, F M Investments LLC acquired a new stake in shares of Ollie’s Bargain Outlet during the second quarter valued at about $13,852,000.

Ollie’s Bargain Outlet Stock Performance

Ollie’s Bargain Outlet stock opened at $101.09 on Thursday. The stock has a market capitalization of $6.20 billion, a price-to-earnings ratio of 30.82, a PEG ratio of 2.50 and a beta of 0.84. Ollie’s Bargain Outlet Holdings, Inc. has a 52-week low of $68.05 and a 52-week high of $104.98. The stock’s 50 day moving average price is $94.86 and its two-hundred day moving average price is $92.81.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings results on Thursday, August 29th. The company reported $0.78 EPS for the quarter, hitting analysts’ consensus estimates of $0.78. Ollie’s Bargain Outlet had a net margin of 9.19% and a return on equity of 13.27%. The business had revenue of $578.38 million during the quarter, compared to analysts’ expectations of $561.60 million. During the same period last year, the company posted $0.67 earnings per share. The business’s quarterly revenue was up 12.4% on a year-over-year basis. On average, equities research analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.27 EPS for the current year.

Analyst Ratings Changes

OLLI has been the subject of a number of research reports. Loop Capital reiterated a “buy” rating and issued a $110.00 price objective on shares of Ollie’s Bargain Outlet in a report on Friday, September 20th. Royal Bank of Canada raised their price target on shares of Ollie’s Bargain Outlet from $100.00 to $106.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd. Bank of America boosted their price objective on shares of Ollie’s Bargain Outlet from $102.00 to $115.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Piper Sandler reaffirmed an “overweight” rating and set a $107.00 target price on shares of Ollie’s Bargain Outlet in a report on Friday, October 4th. Finally, JPMorgan Chase & Co. decreased their price target on Ollie’s Bargain Outlet from $113.00 to $105.00 and set an “overweight” rating for the company in a research note on Friday, August 30th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $104.92.

Insider Activity

In related news, SVP Kevin Mclain sold 15,000 shares of Ollie’s Bargain Outlet stock in a transaction on Monday, September 16th. The shares were sold at an average price of $98.99, for a total value of $1,484,850.00. Following the completion of the sale, the senior vice president now owns 10,610 shares of the company’s stock, valued at approximately $1,050,283.90. This trade represents a 58.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, President Der Valk Eric Van sold 7,479 shares of the company’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $100.32, for a total transaction of $750,293.28. Following the transaction, the president now owns 5,615 shares in the company, valued at approximately $563,296.80. The trade was a 57.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 28,912 shares of company stock worth $2,875,790 in the last three months. Company insiders own 0.87% of the company’s stock.

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.