Whittier Trust Co. of Nevada Inc. Decreases Stock Holdings in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Whittier Trust Co. of Nevada Inc. decreased its position in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 28.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,584 shares of the company's stock after selling 21,576 shares during the quarter. Whittier Trust Co. of Nevada Inc. owned approximately 0.09% of Ollie's Bargain Outlet worth $5,208,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Goldman Sachs Group Inc. increased its holdings in Ollie's Bargain Outlet by 41.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 379,158 shares of the company's stock valued at $28,774,000 after purchasing an additional 111,843 shares during the period. Vanguard Group Inc. grew its position in shares of Ollie's Bargain Outlet by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 5,539,005 shares of the company's stock valued at $420,355,000 after buying an additional 43,979 shares during the last quarter. Diversified Trust Co increased its stake in shares of Ollie's Bargain Outlet by 23.4% in the first quarter. Diversified Trust Co now owns 4,488 shares of the company's stock valued at $357,000 after buying an additional 852 shares during the period. State of Michigan Retirement System raised its position in shares of Ollie's Bargain Outlet by 2.0% during the first quarter. State of Michigan Retirement System now owns 15,103 shares of the company's stock worth $1,202,000 after acquiring an additional 300 shares during the last quarter. Finally, Wasatch Advisors LP lifted its stake in shares of Ollie's Bargain Outlet by 4.1% in 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 during the period.

Ollie's Bargain Outlet Price Performance

Shares of Ollie's Bargain Outlet stock traded down $1.31 during trading hours on Tuesday, hitting $91.79. 1,076,246 shares of the company's stock traded hands, compared to its average volume of 1,029,999. The company has a fifty day simple moving average of $95.16 and a 200-day simple moving average of $89.47. The stock has a market capitalization of $5.62 billion, a price-to-earnings ratio of 28.96, a PEG ratio of 2.35 and a beta of 0.84. Ollie's Bargain Outlet Holdings, Inc. has a 12-month low of $68.05 and a 12-month high of $104.98.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last posted its quarterly earnings data on Thursday, August 29th. The company reported $0.78 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.78. The business had revenue of $578.38 million during 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 firm's quarterly revenue was up 12.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.67 earnings per share. On average, analysts forecast that Ollie's Bargain Outlet Holdings, Inc. will post 3.28 EPS for the current fiscal year.

Insider Activity

In other Ollie's Bargain Outlet news, CFO Robert F. Helm sold 2,401 shares of Ollie's Bargain Outlet stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $94.68, for a total transaction of $227,326.68. Following the completion of the transaction, the chief financial officer now owns 2,021 shares of the company's stock, valued at $191,348.28. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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 stock was 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 through this hyperlink. Also, CFO Robert F. Helm sold 2,401 shares of the company'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 completion of the transaction, the chief financial officer now owns 2,021 shares in the company, valued at approximately $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 a total of 24,880 shares of company stock valued at $2,462,470 over the last quarter. Company insiders own 0.87% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on OLLI. Royal Bank of Canada upped their target price on Ollie's Bargain Outlet from $100.00 to $106.00 and gave the company an "outperform" rating in a research report on Wednesday, October 2nd. UBS Group lifted their price objective on shares of Ollie's Bargain Outlet from $97.00 to $99.00 and gave the company a "neutral" rating in a research note on Friday, August 30th. JPMorgan Chase & Co. cut their target price on shares of Ollie's Bargain Outlet from $113.00 to $105.00 and set an "overweight" rating on the stock in a research note on Friday, August 30th. Piper Sandler reissued an "overweight" rating and issued a $107.00 price target on shares of Ollie's Bargain Outlet in a research report on Friday, October 4th. Finally, StockNews.com cut Ollie's Bargain Outlet from a "hold" rating to a "sell" rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $104.92.

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.