Dumont & Blake Investment Advisors LLC Takes $604,000 Position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Dumont & Blake Investment Advisors LLC purchased a new position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) during the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 6,215 shares of the company’s stock, valued at approximately $604,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in shares of Ollie’s Bargain Outlet by 6.2% in the 1st quarter. Vanguard Group Inc. now owns 5,882,908 shares of the company’s stock valued at $468,103,000 after buying an additional 343,903 shares during the period. Wasatch Advisors LP lifted its holdings in Ollie’s Bargain Outlet by 4.1% during the first quarter. Wasatch Advisors LP now owns 3,917,575 shares of the company’s stock worth $311,721,000 after acquiring an additional 156,095 shares in the last quarter. Capital Research Global Investors bought a new position in Ollie’s Bargain Outlet during the first quarter worth about $136,978,000. American Century Companies Inc. increased its holdings in shares of Ollie’s Bargain Outlet by 5.6% in the second quarter. American Century Companies Inc. now owns 780,064 shares of the company’s stock worth $76,579,000 after acquiring an additional 41,605 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. lifted its holdings in shares of Ollie’s Bargain Outlet by 953.2% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 566,738 shares of the company’s stock valued at $55,637,000 after purchasing an additional 512,928 shares in the last quarter.

Analyst Ratings Changes

A number of brokerages have weighed in on OLLI. JPMorgan Chase & Co. reduced their price target on shares of Ollie’s Bargain Outlet from $113.00 to $105.00 and set an “overweight” rating for the company in a report on Friday, August 30th. Loop Capital reiterated a “buy” rating and set a $110.00 target price on shares of Ollie’s Bargain Outlet in a report on Friday, September 20th. Gordon Haskett upgraded Ollie’s Bargain Outlet from an “accumulate” rating to a “buy” rating and boosted their price target for the company from $105.00 to $107.00 in a report on Monday, August 26th. UBS Group increased their price objective on Ollie’s Bargain Outlet from $97.00 to $99.00 and gave the stock a “neutral” rating in a report on Friday, August 30th. Finally, Royal Bank of Canada upped their price target on 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. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $104.92.

Ollie’s Bargain Outlet Trading Down 0.0 %

OLLI stock opened at $90.71 on Friday. The business’s 50 day simple moving average is $95.08 and its 200 day simple moving average is $89.61. Ollie’s Bargain Outlet Holdings, Inc. has a 1-year low of $68.05 and a 1-year high of $104.98. The firm has a market capitalization of $5.57 billion, a PE ratio of 27.66, a PEG ratio of 2.28 and a beta of 0.84.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings data on Thursday, August 29th. The company reported $0.78 EPS for the quarter, meeting the consensus estimate of $0.78. The firm had revenue of $578.38 million for 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 company’s quarterly revenue was up 12.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.67 earnings per share. As a group, sell-side analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.28 EPS for the current fiscal year.

Insider Transactions at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, CFO Robert F. Helm sold 2,401 shares of the company’s stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $94.68, for a total value of $227,326.68. Following the transaction, the chief financial officer now directly owns 2,021 shares of the company’s stock, valued at $191,348.28. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, SVP Kevin Mclain sold 15,000 shares of the 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 sale, the senior vice president now directly owns 10,610 shares of the company’s stock, valued at approximately $1,050,283.90. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Robert F. Helm sold 2,401 shares of the business’s 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 directly owns 2,021 shares of the company’s stock, valued at approximately $191,348.28. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 24,880 shares of company stock worth $2,462,470. 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.