First National Bank of Omaha Cuts Position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

First National Bank of Omaha cut its stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 1.3% during the third quarter, HoldingsChannel reports. The fund owned 37,388 shares of the company’s stock after selling 504 shares during the quarter. First National Bank of Omaha’s holdings in Ollie’s Bargain Outlet were worth $3,634,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. International Assets Investment Management LLC purchased a new position in shares of Ollie’s Bargain Outlet in the 2nd quarter valued at $25,000. Crewe Advisors LLC purchased a new position in shares of Ollie’s Bargain Outlet in the 2nd quarter valued at $36,000. GAMMA Investing LLC increased its holdings in shares of Ollie’s Bargain Outlet by 686.7% in the 2nd quarter. GAMMA Investing LLC now owns 472 shares of the company’s stock valued at $46,000 after acquiring an additional 412 shares during the period. Northwest & Ethical Investments L.P. purchased a new position in shares of Ollie’s Bargain Outlet in the 3rd quarter valued at $117,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Ollie’s Bargain Outlet in the 3rd quarter valued at $151,000.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on OLLI. Bank of America boosted their target price on Ollie’s Bargain Outlet from $102.00 to $115.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Piper Sandler restated an “overweight” rating and set a $107.00 target price on shares of Ollie’s Bargain Outlet in a research note on Friday, October 4th. Royal Bank of Canada boosted their target price on Ollie’s Bargain Outlet from $100.00 to $106.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 2nd. Wells Fargo & Company downgraded Ollie’s Bargain Outlet from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $100.00 to $95.00 in a research note on Tuesday, December 3rd. Finally, StockNews.com downgraded Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research note on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $104.50.

Insider Activity

In related news, CEO John W. Swygert sold 4,032 shares of the company’s stock in a transaction dated 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 owns 48,200 shares of the company’s stock, valued at approximately $4,940,982. This represents a 7.72 % decrease in their position. 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 dated Monday, September 23rd. The stock was sold at an average price of $100.32, for a total value of $750,293.28. Following the completion of the transaction, the president now directly owns 5,615 shares of the company’s stock, valued at $563,296.80. The trade was a 57.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 33,712 shares of company stock valued at $3,368,270 in the last quarter. 0.87% of the stock is currently owned by company insiders.

Ollie’s Bargain Outlet Stock Up 1.2 %

Shares of OLLI stock opened at $101.54 on Monday. The stock has a market cap of $6.23 billion, a PE ratio of 30.96, a price-to-earnings-growth ratio of 2.53 and a beta of 0.85. The business has a 50-day simple moving average of $94.97 and a 200-day simple moving average of $94.31. Ollie’s Bargain Outlet Holdings, Inc. has a 52-week low of $68.05 and a 52-week high of $104.98.

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.