Dumont & Blake Investment Advisors LLC Buys Shares of 6,215 Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Dumont & Blake Investment Advisors LLC bought a new position in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 6,215 shares of the company's stock, valued at approximately $604,000.

Several other institutional investors have also recently added to or reduced their stakes in OLLI. Signaturefd LLC grew its holdings in shares of Ollie's Bargain Outlet by 6.4% during the second quarter. Signaturefd LLC now owns 1,727 shares of the company's stock worth $170,000 after purchasing an additional 104 shares during the last quarter. Trust Point Inc. grew its stake in Ollie's Bargain Outlet by 1.0% during the 3rd quarter. Trust Point Inc. now owns 13,184 shares of the company's stock worth $1,281,000 after buying an additional 134 shares during the last quarter. GAMMA Investing LLC increased its position in Ollie's Bargain Outlet by 37.9% during the third quarter. GAMMA Investing LLC now owns 651 shares of the company's stock worth $63,000 after buying an additional 179 shares during the period. Vista Investment Partners LLC lifted its stake in Ollie's Bargain Outlet by 1.8% in the first quarter. Vista Investment Partners LLC now owns 11,087 shares of the company's stock valued at $882,000 after buying an additional 191 shares during the last quarter. Finally, Bank of Montreal Can boosted its holdings in shares of Ollie's Bargain Outlet by 2.4% in the second quarter. Bank of Montreal Can now owns 8,319 shares of the company's stock valued at $820,000 after acquiring an additional 195 shares during the period.

Ollie's Bargain Outlet Price Performance

Shares of NASDAQ OLLI traded down $0.04 during trading on Friday, hitting $90.71. 837,456 shares of the company were exchanged, compared to its average volume of 1,028,548. Ollie's Bargain Outlet Holdings, Inc. has a 1 year low of $68.05 and a 1 year high of $104.98. The company has a market cap of $5.57 billion, a price-to-earnings ratio of 27.66, a PEG ratio of 2.28 and a beta of 0.84. The firm's fifty day moving average price is $95.08 and its 200 day moving average price is $89.73.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last released its quarterly earnings data on Thursday, August 29th. The company reported $0.78 EPS for the quarter, hitting analysts' consensus estimates of $0.78. Ollie's Bargain Outlet had a net margin of 9.19% and a return on equity of 13.27%. The firm had revenue of $578.38 million for the quarter, compared to the consensus estimate of $561.60 million. During the same quarter in the previous year, the firm earned $0.67 earnings per share. The firm's revenue was up 12.4% on a year-over-year basis. On average, research analysts forecast that Ollie's Bargain Outlet Holdings, Inc. will post 3.28 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on OLLI. 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 report on Friday, August 30th. Royal Bank of Canada upped their target price 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. StockNews.com lowered Ollie's Bargain Outlet from a "hold" rating to a "sell" rating in a report on Tuesday. Bank of America upped their price objective on Ollie's Bargain Outlet from $102.00 to $115.00 and gave the company a "buy" rating in a research note on Monday, September 30th. Finally, Truist Financial lifted their target price on Ollie's Bargain Outlet from $102.00 to $109.00 and gave the company a "buy" rating in a research note on Friday, July 12th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $104.92.

Insider Buying and Selling

In other Ollie's Bargain Outlet news, 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 approximately $191,348.28. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 shares were 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. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Kevin Mclain sold 15,000 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $98.99, for a total transaction of $1,484,850.00. Following the completion of the sale, the senior vice president now owns 10,610 shares in the company, valued at $1,050,283.90. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,880 shares of company stock valued at $2,462,470. 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.