Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. reduced its stake in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 1.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 743,602 shares of the company's stock after selling 12,449 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.21% of Ollie's Bargain Outlet worth $86,526,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in OLLI. HM Payson & Co. bought a new position in shares of Ollie's Bargain Outlet during the 1st quarter valued at approximately $30,000. City Holding Co. bought a new position in shares of Ollie's Bargain Outlet during the 1st quarter valued at approximately $31,000. Putney Financial Group LLC bought a new position in shares of Ollie's Bargain Outlet during the 4th quarter valued at approximately $33,000. GeoWealth Management LLC bought a new position in shares of Ollie's Bargain Outlet during the 4th quarter valued at approximately $38,000. Finally, Opal Wealth Advisors LLC bought a new position in shares of Ollie's Bargain Outlet during the 1st quarter valued at approximately $38,000.

Ollie's Bargain Outlet Trading Down 2.5%

NASDAQ:OLLI traded down $3.34 during trading hours on Thursday, hitting $131.90. The company had a trading volume of 678,523 shares, compared to its average volume of 784,710. The company has a 50-day moving average of $129.47 and a 200 day moving average of $115.84. The company has a market cap of $8.09 billion, a P/E ratio of 40.58, a P/E/G ratio of 3.03 and a beta of 0.40. Ollie's Bargain Outlet Holdings, Inc. has a 1 year low of $86.29 and a 1 year high of $141.74.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last released its quarterly earnings results on Tuesday, June 3rd. The company reported $0.75 earnings per share for the quarter, topping analysts' consensus estimates of $0.70 by $0.05. Ollie's Bargain Outlet had a return on equity of 12.27% and a net margin of 8.59%. The business had revenue of $576.77 million during the quarter, compared to analysts' expectations of $565.04 million. During the same period in the prior year, the business posted $0.73 EPS. The company's revenue was up 13.4% compared to the same quarter last year. On average, analysts forecast that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

Insider Transactions at Ollie's Bargain Outlet

In other Ollie's Bargain Outlet news, CEO Der Valk Eric Van sold 728 shares of the stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $112.85, for a total value of $82,154.80. Following the sale, the chief executive officer owned 7,761 shares of the company's stock, valued at $875,828.85. This trade represents a 8.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.75% of the stock is owned by corporate insiders.

Analyst Ratings Changes

OLLI has been the subject of a number of research reports. Truist Financial reiterated a "buy" rating and set a $146.00 target price (up from $128.00) on shares of Ollie's Bargain Outlet in a research report on Wednesday. Royal Bank Of Canada reiterated an "outperform" rating and set a $133.00 target price on shares of Ollie's Bargain Outlet in a research report on Wednesday, June 4th. Loop Capital downgraded Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and set a $130.00 target price for the company. in a research report on Tuesday, June 24th. Piper Sandler restated an "overweight" rating and issued a $123.00 price target (down from $124.00) on shares of Ollie's Bargain Outlet in a research report on Wednesday, June 4th. Finally, JPMorgan Chase & Co. raised their price target on Ollie's Bargain Outlet from $137.00 to $159.00 and gave the stock an "overweight" rating in a research report on Monday, July 21st. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $128.07.

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.