1 week Ago By Defense World Staff
Prudential Financial Inc. reduced its stake in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI – Free Report) by 20.
7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,356 shares of the company’s stock after selling 1,138 shares during the quarter. Prudential Financial Inc.
’s holdings in Ollie’s Bargain Outlet were worth $478,000 at the end of the most recent reporting period. Other institutional investors have also bought and sold shares of the company. Legacy Capital Wealth Partners LLC boosted its holdings in shares of Ollie’s Bargain Outlet by 3.
4% in the fourth quarter. Legacy Capital Wealth Partners LLC now owns 2,834 shares of the company’s stock valued at $311,000 after acquiring an additional 94 shares in the last quarter. Blue Trust Inc.
boosted its stake in Ollie’s Bargain Outlet by 55.2% during the 4th quarter. Blue Trust Inc.
now owns 284 shares of the company’s stock valued at $31,000 after purchasing an additional 101 shares in the last quarter. UMB Bank n.a.
increased its position in shares of Ollie’s Bargain Outlet by 25.3% during the 4th quarter. UMB Bank n.
a. now owns 545 shares of the company’s stock valued at $60,000 after purchasing an additional 110 shares during the period. Precision Wealth Strategies LLC raised its stake in shares of Ollie’s Bargain Outlet by 3.
2% in the 4th quarter. Precision Wealth Strategies LLC now owns 3,889 shares of the company’s stock worth $427,000 after buying an additional 119 shares in the last quarter. Finally, SRS Capital Advisors Inc.
lifted its holdings in shares of Ollie’s Bargain Outlet by 14.4% in the fourth quarter. SRS Capital Advisors Inc.
now owns 1,098 shares of the company’s stock valued at $120,000 after buying an additional 138 shares during the period. Insider Transactions at Ollie’s Bargain OutletIn other Ollie’s Bargain Outlet news, Director Robert Fisch sold 6,250 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $108.
08, for a total value of $675,500.00. Following the completion of the sale, the director now directly owns 22,159 shares in the company, valued at $2,394,944.
72. The trade was a 22.00 % decrease in their ownership of the stock.
The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman John W. Swygert sold 6,526 shares of the business’s stock in a transaction that occurred on Wednesday, March 26th.
The stock was sold at an average price of $107.87, for a total transaction of $703,959.62.
Following the completion of the sale, the chairman now directly owns 53,432 shares of the company’s stock, valued at $5,763,709.84. This represents a 10.
88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 37,897 shares of company stock valued at $4,227,970 in the last three months.
Corporate insiders own 0.87% of the company’s stock. Analyst Upgrades and DowngradesA number of equities research analysts have weighed in on the stock.
Piper Sandler cut their price target on shares of Ollie’s Bargain Outlet from $126.00 to $124.00 and set an “overweight” rating for the company in a report on Thursday, March 20th.
Royal Bank of Canada lifted their price target on shares of Ollie’s Bargain Outlet from $130.00 to $133.00 and gave the stock an “outperform” rating in a research report on Friday, March 7th.
Bank of America increased their price objective on Ollie’s Bargain Outlet from $115.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th.
Morgan Stanley boosted their target price on Ollie’s Bargain Outlet from $108.00 to $118.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 20th.
Finally, Loop Capital increased their price target on Ollie’s Bargain Outlet from $120.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, December 23rd.
One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $123.08.
Read Our Latest Stock Report on OLLIOllie’s Bargain Outlet Stock PerformanceOLLI stock opened at $110.03 on Thursday. The stock has a market cap of $6.
74 billion, a P/E ratio of 32.84, a P/E/G ratio of 2.21 and a beta of 0.
75. The firm has a 50 day simple moving average of $105.85 and a 200 day simple moving average of $103.
18. Ollie’s Bargain Outlet Holdings, Inc. has a 52 week low of $70.
17 and a 52 week high of $120.03. Ollie’s Bargain Outlet (NASDAQ:OLLI – Get Free Report) last posted its quarterly earnings results on Wednesday, March 19th.
The company reported $1.19 EPS for the quarter, missing the consensus estimate of $1.20 by ($0.
01). Ollie’s Bargain Outlet had a net margin of 9.22% and a return on equity of 13.
15%. The company had revenue of $667.10 million for the quarter, compared to analysts’ expectations of $674.
61 million. During the same quarter in the prior year, the firm earned $1.23 earnings per share.
The company’s revenue was up 2.8% on a year-over-year basis. Sell-side analysts predict that Ollie’s Bargain Outlet Holdings, Inc.
will post 3.29 EPS for the current year. About Ollie’s Bargain Outlet (Free Report)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.See AlsoFive stocks we like better than Ollie’s Bargain OutletHow to Use the MarketBeat Excel Dividend CalculatorQuantum Computing: The $6.
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