Charles Schwab Investment Management Inc. Decreases Stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Charles Schwab Investment Management Inc. lessened its position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 1.6% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 743,602 shares of the company’s stock after selling 12,449 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Ollie’s Bargain Outlet were worth $86,526,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of OLLI. Advisory Services Network LLC increased its position in Ollie’s Bargain Outlet by 90.4% during the fourth quarter. Advisory Services Network LLC now owns 4,024 shares of the company’s stock valued at $442,000 after acquiring an additional 1,911 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Ollie’s Bargain Outlet during the fourth quarter valued at $48,633,000. Treasurer of the State of North Carolina increased its position in Ollie’s Bargain Outlet by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 26,799 shares of the company’s stock valued at $2,941,000 after acquiring an additional 160 shares during the last quarter. Sterling Capital Management LLC increased its position in Ollie’s Bargain Outlet by 56.6% during the fourth quarter. Sterling Capital Management LLC now owns 3,642 shares of the company’s stock valued at $400,000 after acquiring an additional 1,317 shares during the last quarter. Finally, Barclays PLC increased its position in Ollie’s Bargain Outlet by 75.9% during the fourth quarter. Barclays PLC now owns 72,671 shares of the company’s stock valued at $7,976,000 after acquiring an additional 31,364 shares during the last quarter.

Insider Buying and Selling

In related news, CEO Der Valk Eric Van sold 728 shares of the stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $112.85, for a total transaction of $82,154.80. Following the completion of the transaction, the chief executive officer directly owned 7,761 shares of the company’s stock, valued at approximately $875,828.85. This represents a 8.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.87% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Truist Financial upped their price objective on Ollie’s Bargain Outlet from $126.00 to $128.00 and gave the company a “buy” rating in a research report on Wednesday, June 4th. Wall Street Zen raised Ollie’s Bargain Outlet from a “sell” rating to a “hold” rating in a report on Tuesday, May 13th. Loop Capital lowered Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and set a $130.00 price target for the company. in a report on Tuesday, June 24th. KeyCorp set a $145.00 price target on Ollie’s Bargain Outlet and gave the company an “overweight” rating in a report on Thursday, June 26th. Finally, JPMorgan Chase & Co. boosted their price target on Ollie’s Bargain Outlet from $137.00 to $159.00 and gave the company an “overweight” rating in a report on Monday, July 21st. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $126.79.

Ollie’s Bargain Outlet Stock Down 1.7%

NASDAQ OLLI opened at $132.91 on Wednesday. The firm has a market cap of $8.15 billion, a price-to-earnings ratio of 40.90, a price-to-earnings-growth ratio of 3.04 and a beta of 0.40. The business has a 50-day moving average price of $128.71 and a 200-day moving average price of $115.57. Ollie’s Bargain Outlet Holdings, Inc. has a twelve month low of $86.05 and a twelve month high of $141.74.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings data on Tuesday, June 3rd. The company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.05. The firm had revenue of $576.77 million during the quarter, compared to analyst estimates of $565.04 million. Ollie’s Bargain Outlet had a return on equity of 12.27% and a net margin of 8.59%. The business’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.73 earnings per share. Research analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

Ollie’s Bargain Outlet Company Profile

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.