Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Shares Sold by Truist Financial Corp

Truist Financial Corp cut its holdings in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI – Get Rating) by 26.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,582 shares of the company’s stock after selling 4,857 shares during the period. Truist Financial Corp’s holdings in Ollie’s Bargain Outlet were worth $701,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in OLLI. First Horizon Advisors Inc. raised its holdings in Ollie’s Bargain Outlet by 334.8% during the second quarter. First Horizon Advisors Inc. now owns 2,148 shares of the company’s stock worth $126,000 after purchasing an additional 1,654 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Ollie’s Bargain Outlet by 60.9% during the second quarter. Principal Financial Group Inc. now owns 321,967 shares of the company’s stock worth $18,916,000 after purchasing an additional 121,871 shares in the last quarter. Xponance Inc. raised its holdings in Ollie’s Bargain Outlet by 11.9% during the second quarter. Xponance Inc. now owns 7,260 shares of the company’s stock worth $427,000 after purchasing an additional 772 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its holdings in Ollie’s Bargain Outlet by 8.2% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 63,760 shares of the company’s stock worth $3,290,000 after purchasing an additional 4,810 shares in the last quarter. Finally, Castleark Management LLC bought a new stake in Ollie’s Bargain Outlet during the second quarter worth approximately $6,320,000.

Ollie’s Bargain Outlet Stock Up 3.7 %

Shares of NASDAQ:OLLI opened at $53.26 on Friday. The company’s fifty day moving average is $52.68 and its two-hundred day moving average is $57.02. Ollie’s Bargain Outlet Holdings, Inc. has a 12-month low of $37.67 and a 12-month high of $72.27. The company has a market cap of $3.31 billion, a P/E ratio of 35.51, a price-to-earnings-growth ratio of 2.81 and a beta of 0.91.

Ollie’s Bargain Outlet (NASDAQ:OLLI – Get Rating) last posted its quarterly earnings results on Wednesday, December 7th. The company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.04). The company had revenue of $418.07 million during the quarter, compared to analyst estimates of $431.37 million. Ollie’s Bargain Outlet had a return on equity of 7.15% and a net margin of 5.31%. Equities research analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 1.58 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. UBS Group dropped their target price on Ollie’s Bargain Outlet to $54.00 in a report on Monday, December 12th. Craig Hallum dropped their price target on Ollie’s Bargain Outlet from $70.00 to $65.00 in a report on Thursday, December 8th. Loop Capital dropped their price target on Ollie’s Bargain Outlet from $50.00 to $45.00 in a report on Thursday, December 8th. Citigroup dropped their price target on Ollie’s Bargain Outlet from $55.00 to $52.00 and set a “neutral” rating on the stock in a report on Thursday, December 8th. Finally, StockNews.com cut Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a report on Saturday, November 12th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $59.40.

About Ollie’s Bargain Outlet

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Ollie's Bargain Outlet Holdings, Inc operates as a retailer of brand name merchandise. 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.