Hancock Whitney Corp Buys Shares of 10,163 Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Hancock Whitney Corp purchased a new position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) in the 3rd quarter, Holdings Channel reports. The institutional investor purchased 10,163 shares of the company’s stock, valued at approximately $988,000.

Several other institutional investors and hedge funds have also made changes to their positions in OLLI. Geneva Capital Management LLC lifted its holdings in shares of Ollie’s Bargain Outlet by 1.3% in the third quarter. Geneva Capital Management LLC now owns 1,050,469 shares of the company’s stock valued at $102,106,000 after purchasing an additional 13,369 shares in the last quarter. American Century Companies Inc. lifted its stake in Ollie’s Bargain Outlet by 5.6% in the 2nd quarter. American Century Companies Inc. now owns 780,064 shares of the company’s stock valued at $76,579,000 after buying an additional 41,605 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Ollie’s Bargain Outlet by 0.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 753,658 shares of the company’s stock worth $73,256,000 after buying an additional 5,438 shares in the last quarter. Congress Asset Management Co. raised its holdings in shares of Ollie’s Bargain Outlet by 12.1% in the third quarter. Congress Asset Management Co. now owns 680,590 shares of the company’s stock worth $66,153,000 after acquiring an additional 73,396 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. raised its holdings in shares of Ollie’s Bargain Outlet by 953.2% in the second quarter. D. E. Shaw & Co. Inc. now owns 566,738 shares of the company’s stock worth $55,637,000 after acquiring an additional 512,928 shares during the last quarter.

Insider Buying and Selling

In other news, President Der Valk Eric Van sold 7,479 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $100.32, for a total transaction of $750,293.28. Following the sale, the president now owns 5,615 shares of the company’s stock, valued at approximately $563,296.80. The trade was a 57.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO John W. Swygert sold 4,032 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $102.51, for a total value of $413,320.32. Following the completion of the transaction, the chief executive officer now directly owns 48,200 shares of the company’s stock, valued at $4,940,982. This trade represents a 7.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,912 shares of company stock valued at $2,875,790. Insiders own 0.87% of the company’s stock.

Ollie’s Bargain Outlet Stock Up 0.3 %

Shares of OLLI stock opened at $100.90 on Wednesday. The firm’s 50 day moving average price is $94.82 and its two-hundred day moving average price is $92.65. Ollie’s Bargain Outlet Holdings, Inc. has a fifty-two week low of $68.05 and a fifty-two week high of $104.98. The stock has a market cap of $6.19 billion, a price-to-earnings ratio of 30.76, a price-to-earnings-growth ratio of 2.50 and a beta of 0.84.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings results on Thursday, August 29th. The company reported $0.78 earnings per share (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 business had revenue of $578.38 million during the quarter, compared to analyst estimates of $561.60 million. During the same quarter in the previous year, the firm earned $0.67 earnings per share. The business’s revenue was up 12.4% compared to the same quarter last year. On average, equities analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.27 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently commented on OLLI shares. Bank of America lifted their price objective on Ollie’s Bargain Outlet from $102.00 to $115.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Loop Capital reissued a “buy” rating and issued a $110.00 price objective on shares of Ollie’s Bargain Outlet in a research report on Friday, September 20th. UBS Group raised their target price on shares of Ollie’s Bargain Outlet from $97.00 to $99.00 and gave the stock a “neutral” rating in a research report on Friday, August 30th. Gordon Haskett upgraded Ollie’s Bargain Outlet from an “accumulate” rating to a “buy” rating and boosted their price target for the company from $105.00 to $107.00 in a report on Monday, August 26th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $107.00 price objective on shares of Ollie’s Bargain Outlet in a research report on Friday, October 4th. One research 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, the company has an average rating of “Moderate Buy” and an average 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.