Cetera Investment Advisers Has $2.09 Million Stock Position in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Cetera Investment Advisers boosted its holdings in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 42.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,084 shares of the company's stock after buying an additional 5,660 shares during the period. Cetera Investment Advisers' holdings in Ollie's Bargain Outlet were worth $2,094,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of OLLI. Kayne Anderson Rudnick Investment Management LLC raised its position in Ollie's Bargain Outlet by 173.8% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,644,774 shares of the company's stock valued at $509,671,000 after buying an additional 2,948,393 shares during the period. Congress Asset Management Co. grew its stake in Ollie's Bargain Outlet by 181.6% in the fourth quarter. Congress Asset Management Co. now owns 1,916,584 shares of the company's stock valued at $210,307,000 after purchasing an additional 1,235,994 shares in the last quarter. Norges Bank purchased a new position in Ollie's Bargain Outlet in the fourth quarter valued at about $80,741,000. Stephens Investment Management Group LLC purchased a new position in Ollie's Bargain Outlet in the fourth quarter valued at about $78,356,000. Finally, Raymond James Financial Inc. purchased a new position in Ollie's Bargain Outlet in the fourth quarter valued at about $48,633,000.

Insider Activity at Ollie's Bargain Outlet

In related news, CEO Der Valk Eric Van sold 1,153 shares of the stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $110.85, for a total transaction of $127,810.05. Following the completion of the sale, the chief executive officer now owns 6,768 shares in the company, valued at $750,232.80. This represents a 14.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Robert Fisch sold 6,250 shares of the 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 sale, the director now owns 22,159 shares of the company's stock, valued at approximately $2,394,944.72. The trade was a 22.00% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 37,897 shares of company stock worth $4,227,970 in the last 90 days. 0.75% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have commented on OLLI. Royal Bank of Canada boosted their target price on Ollie's Bargain Outlet from $130.00 to $133.00 and gave the company an "outperform" rating in a research note on Friday, March 7th. StockNews.com upgraded Ollie's Bargain Outlet from a "sell" rating to a "hold" rating in a research note on Tuesday, May 13th. Piper Sandler lowered their target price on Ollie's Bargain Outlet from $126.00 to $124.00 and set an "overweight" rating on the stock in a research note on Thursday, March 20th. Jefferies Financial Group downgraded Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and lowered their target price for the company from $125.00 to $111.00 in a research note on Tuesday, February 4th. Finally, 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. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Ollie's Bargain Outlet currently has a consensus rating of "Moderate Buy" and a consensus price target of $123.08.

Ollie's Bargain Outlet Stock Performance

OLLI opened at $118.86 on Monday. The company has a market cap of $7.30 billion, a PE ratio of 35.48, a price-to-earnings-growth ratio of 2.21 and a beta of 0.45. The stock has a 50-day moving average of $109.61 and a 200-day moving average of $106.28. Ollie's Bargain Outlet Holdings, Inc. has a 52-week low of $72.22 and a 52-week high of $120.03.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last released its quarterly earnings results on Wednesday, March 19th. The company reported $1.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.01). The company had revenue of $667.10 million for the quarter, compared to the consensus estimate of $674.61 million. Ollie's Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The business's revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.23 EPS. On average, research analysts predict that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.