Zions Bancorporation N.A. Grows Position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Zions Bancorporation N.A. boosted its position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 20.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 28,204 shares of the company’s stock after buying an additional 4,816 shares during the quarter. Zions Bancorporation N.A.’s holdings in Ollie’s Bargain Outlet were worth $2,741,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in OLLI. Vanguard Group Inc. increased its position in Ollie’s Bargain Outlet by 6.2% during the 1st quarter. Vanguard Group Inc. now owns 5,882,908 shares of the company’s stock valued at $468,103,000 after purchasing an additional 343,903 shares during the period. Capital Research Global Investors bought a new stake in Ollie’s Bargain Outlet during the first quarter worth about $136,978,000. Geneva Capital Management LLC grew its holdings in Ollie’s Bargain Outlet by 1.3% in the third quarter. Geneva Capital Management LLC now owns 1,050,469 shares of the company’s stock worth $102,106,000 after purchasing an additional 13,369 shares during the period. American Century Companies Inc. increased its stake in shares of Ollie’s Bargain Outlet by 5.6% during the second quarter. American Century Companies Inc. now owns 780,064 shares of the company’s stock valued at $76,579,000 after purchasing an additional 41,605 shares in the last quarter. Finally, Congress Asset Management Co. lifted its holdings in shares of Ollie’s Bargain Outlet by 12.1% during the third quarter. Congress Asset Management Co. now owns 680,590 shares of the company’s stock valued at $66,153,000 after purchasing an additional 73,396 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Loop Capital reissued a “buy” rating and set a $110.00 price objective on shares of Ollie’s Bargain Outlet in a research report on Friday, September 20th. StockNews.com cut Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research note on Tuesday, October 22nd. Bank of America increased their price objective on 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. Piper Sandler reaffirmed an “overweight” rating and set a $107.00 price target on shares of Ollie’s Bargain Outlet in a report on Friday, October 4th. Finally, Royal Bank of Canada boosted their price objective on shares of Ollie’s Bargain Outlet from $100.00 to $106.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $104.92.

Ollie’s Bargain Outlet Stock Down 0.1 %

Shares of OLLI stock opened at $92.15 on Thursday. The company’s fifty day simple moving average is $95.12 and its two-hundred day simple moving average is $91.62. Ollie’s Bargain Outlet Holdings, Inc. has a 52 week low of $68.05 and a 52 week high of $104.98. The stock has a market cap of $5.65 billion, a P/E ratio of 28.09, a PEG ratio of 2.29 and a beta of 0.84.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings results on Thursday, August 29th. The company reported $0.78 EPS for the quarter, meeting analysts’ consensus estimates of $0.78. The company had revenue of $578.38 million during the quarter, compared to analyst estimates of $561.60 million. Ollie’s Bargain Outlet had a return on equity of 13.27% and a net margin of 9.19%. The firm’s revenue was up 12.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.67 earnings per share. On average, analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.28 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Robert F. Helm sold 2,401 shares of the business’s stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $94.68, for a total transaction of $227,326.68. Following the transaction, the chief financial officer now owns 2,021 shares of the company’s stock, valued at approximately $191,348.28. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Ollie’s Bargain Outlet news, President Der Valk Eric Van sold 7,479 shares of the company’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $100.32, for a total value of $750,293.28. Following the transaction, the president now directly owns 5,615 shares in the company, valued at $563,296.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 sale, the chief financial officer now owns 2,021 shares of the company’s stock, valued at $191,348.28. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 24,880 shares of company stock valued at $2,462,470 over the last ninety days. 0.87% of the stock is owned by insiders.

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.