Centiva Capital LP Takes Position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Centiva Capital LP purchased a new stake in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) during the 3rd quarter, HoldingsChannel.com reports. The firm purchased 12,648 shares of the company’s stock, valued at approximately $1,229,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of OLLI. Cetera Advisors LLC bought a new stake in shares of Ollie’s Bargain Outlet during the first quarter valued at about $228,000. GAMMA Investing LLC grew its holdings in shares of Ollie’s Bargain Outlet by 686.7% during the second quarter. GAMMA Investing LLC now owns 472 shares of the company’s stock worth $46,000 after purchasing an additional 412 shares in the last quarter. CWM LLC grew its holdings in shares of Ollie’s Bargain Outlet by 80.6% during the second quarter. CWM LLC now owns 5,989 shares of the company’s stock worth $588,000 after purchasing an additional 2,672 shares in the last quarter. OLD National Bancorp IN purchased a new position in shares of Ollie’s Bargain Outlet during the second quarter worth about $245,000. Finally, Opal Wealth Advisors LLC purchased a new position in shares of Ollie’s Bargain Outlet during the second quarter worth about $31,000.

Ollie’s Bargain Outlet Stock Performance

NASDAQ:OLLI opened at $100.31 on Thursday. The firm has a market cap of $6.15 billion, a PE ratio of 30.58, a price-to-earnings-growth ratio of 2.48 and a beta of 0.85. 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 business has a 50 day moving average price of $94.84 and a 200-day moving average price of $93.78.

Analysts Set New Price Targets

Several brokerages have recently commented on OLLI. Piper Sandler reissued an “overweight” rating and set a $107.00 price objective on shares of Ollie’s Bargain Outlet in a report on Friday, October 4th. Bank of America boosted their price objective on Ollie’s Bargain Outlet from $102.00 to $115.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Wells Fargo & Company lowered Ollie’s Bargain Outlet from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $100.00 to $95.00 in a research note on Tuesday. UBS Group upped their target price on Ollie’s Bargain Outlet from $97.00 to $99.00 and gave the stock a “neutral” rating in a research note on Friday, August 30th. Finally, Loop Capital reaffirmed a “buy” rating and issued a $110.00 target price on shares of Ollie’s Bargain Outlet in a research note on Friday, September 20th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $104.50.

Insider Activity

In other news, SVP Kevin Mclain sold 15,000 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was 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 of the company’s stock, valued at approximately $1,050,283.90. This represents a 58.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Der Valk Eric Van sold 7,479 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $100.32, for a total value of $750,293.28. Following the transaction, the president now owns 5,615 shares of the company’s stock, valued at approximately $563,296.80. This represents a 57.12 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 33,712 shares of company stock valued at $3,368,270. 0.87% of the stock is currently owned by company 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.