Cerity Partners LLC Sells 2,614 Shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Cerity Partners LLC reduced its position in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 29.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 6,363 shares of the company's stock after selling 2,614 shares during the period. Cerity Partners LLC's holdings in Ollie's Bargain Outlet were worth $686,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in OLLI. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Ollie's Bargain Outlet by 489.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 230 shares of the company's stock valued at $25,000 after purchasing an additional 191 shares during the last quarter. Wilmington Savings Fund Society FSB grew its position in shares of Ollie's Bargain Outlet by 337.0% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 236 shares of the company's stock worth $26,000 after buying an additional 182 shares during the period. Bogart Wealth LLC bought a new stake in shares of Ollie's Bargain Outlet in the 4th quarter valued at about $26,000. Blue Trust Inc. raised its position in shares of Ollie's Bargain Outlet by 55.2% in the 4th quarter. Blue Trust Inc. now owns 284 shares of the company's stock valued at $31,000 after acquiring an additional 101 shares during the period. Finally, Brown Brothers Harriman & Co. bought a new position in Ollie's Bargain Outlet during the 4th quarter worth approximately $33,000.

Insiders Place Their Bets

In related news, CFO Robert F. Helm sold 312 shares of the business's stock in a transaction on Monday, April 7th. The shares were sold at an average price of $107.17, for a total transaction of $33,437.04. Following the transaction, the chief financial officer now directly owns 3,273 shares in the company, valued at approximately $350,767.41. The trade was a 8.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Der Valk Eric Van sold 525 shares of the stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $112.94, for a total transaction of $59,293.50. Following the completion of the sale, the chief executive officer now owns 6,793 shares of the company's stock, valued at approximately $767,201.42. This represents a 7.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 37,897 shares of company stock valued at $4,227,970 in the last 90 days. 0.87% of the stock is currently owned by insiders.

Analyst Ratings Changes

OLLI has been the topic of several analyst reports. StockNews.com lowered shares of Ollie's Bargain Outlet from a "hold" rating to a "sell" rating in a report on Tuesday, February 4th. Jefferies Financial Group downgraded Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $125.00 to $111.00 in a research note on Tuesday, February 4th. UBS Group boosted their target price on Ollie's Bargain Outlet from $117.00 to $123.00 and gave the company a "neutral" rating in a research note on Thursday, March 20th. Royal Bank of Canada raised their price target on 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. Finally, Piper Sandler decreased their price objective on Ollie's Bargain Outlet from $126.00 to $124.00 and set an "overweight" rating for the company in a research report on Thursday, March 20th. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, Ollie's Bargain Outlet presently has an average rating of "Moderate Buy" and an average price target of $123.08.

Ollie's Bargain Outlet Stock Performance

Ollie's Bargain Outlet stock traded up $0.04 during mid-day trading on Friday, reaching $105.48. The company's stock had a trading volume of 224,017 shares, compared to its average volume of 1,142,109. Ollie's Bargain Outlet Holdings, Inc. has a 12 month low of $70.17 and a 12 month high of $120.03. The business's 50 day simple moving average is $107.02 and its 200 day simple moving average is $104.19. The company has a market capitalization of $6.46 billion, a price-to-earnings ratio of 31.41, a price-to-earnings-growth ratio of 2.21 and a beta of 0.75.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last announced its quarterly earnings data on Wednesday, March 19th. The company reported $1.19 earnings per share 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 during the quarter, compared to the consensus estimate of $674.61 million. During the same quarter in the previous year, the business earned $1.23 EPS. Ollie's Bargain Outlet's revenue was up 2.8% on a year-over-year basis. As a group, sell-side analysts expect that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current 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.