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

Cornerstone Investment Partners LLC cut its holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 27.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,540 shares of the company’s stock after selling 941 shares during the period. Cornerstone Investment Partners LLC’s holdings in Ollie’s Bargain Outlet were worth $279,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in OLLI. International Assets Investment Management LLC lifted its holdings in Ollie’s Bargain Outlet by 7,676.0% in the third quarter. International Assets Investment Management LLC now owns 19,440 shares of the company’s stock valued at $1,890,000 after acquiring an additional 19,190 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Ollie’s Bargain Outlet by 7.7% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 3,966 shares of the company’s stock valued at $385,000 after acquiring an additional 283 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its stake in Ollie’s Bargain Outlet by 44.9% during the third quarter. DekaBank Deutsche Girozentrale now owns 2,413 shares of the company’s stock worth $232,000 after purchasing an additional 748 shares in the last quarter. State of Alaska Department of Revenue lifted its stake in Ollie’s Bargain Outlet by 7.2% during the third quarter. State of Alaska Department of Revenue now owns 7,145 shares of the company’s stock worth $694,000 after purchasing an additional 480 shares in the last quarter. Finally, US Bancorp DE lifted its stake in Ollie’s Bargain Outlet by 2.4% during the third quarter. US Bancorp DE now owns 30,021 shares of the company’s stock worth $2,918,000 after purchasing an additional 714 shares in the last quarter.

Insider Activity at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, CEO John W. Swygert sold 2,400 shares of the firm’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $102.54, for a total transaction of $246,096.00. Following the transaction, the chief executive officer now owns 48,200 shares of the company’s stock, valued at approximately $4,942,428. This trade represents a 4.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Larry Kraus sold 10,646 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $115.58, for a total transaction of $1,230,464.68. Following the sale, the senior vice president now owns 1,905 shares of the company’s stock, valued at $220,179.90. This trade represents a 84.82 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 78,939 shares of company stock valued at $8,745,031 over the last quarter. 0.87% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

OLLI has been the topic of a number of research reports. Jefferies Financial Group cut Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and decreased their price target for the stock from $125.00 to $111.00 in a research note on Tuesday, February 4th. Craig Hallum upped their price target on Ollie’s Bargain Outlet from $107.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Wells Fargo & Company upped their price target on Ollie’s Bargain Outlet from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 11th. Truist Financial upped their price target on Ollie’s Bargain Outlet from $109.00 to $121.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Finally, 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 research note on Wednesday, December 11th. One analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, Ollie’s Bargain Outlet has an average rating of “Moderate Buy” and a consensus target price of $118.07.

Ollie’s Bargain Outlet Price Performance

NASDAQ:OLLI opened at $103.63 on Tuesday. The firm has a market capitalization of $6.35 billion, a PE ratio of 30.93, a price-to-earnings-growth ratio of 2.21 and a beta of 0.81. The business’s fifty day moving average price is $107.43 and its 200 day moving average price is $100.73. Ollie’s Bargain Outlet Holdings, Inc. has a 12 month low of $68.05 and a 12 month high of $120.03.

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

About Ollie’s Bargain Outlet

Ollie’s Bargain Outlet Holdings, Inc is a holding company, which engages in the retail of closeouts, excess inventory, and salvage merchandise. It offers overstocks, package changes, manufacturer refurbished goods, and irregulars. The company’s products include housewares, food, books and stationery, bed and bath, floor coverings, electronics and toys.