UBS Group AG Lowers Stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

UBS Group AG trimmed its stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI – Get Rating) by 1.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 40,787 shares of the company’s stock after selling 704 shares during the quarter. UBS Group AG’s holdings in Ollie’s Bargain Outlet were worth $2,105,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of OLLI. Royal London Asset Management Ltd. bought a new stake in Ollie’s Bargain Outlet during the first quarter valued at $41,301,000. Price T Rowe Associates Inc. MD raised its stake in Ollie’s Bargain Outlet by 14.9% during the second quarter. Price T Rowe Associates Inc. MD now owns 4,006,215 shares of the company’s stock worth $235,365,000 after acquiring an additional 518,390 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Ollie’s Bargain Outlet in the first quarter valued at $17,880,000. Driehaus Capital Management LLC bought a new position in Ollie’s Bargain Outlet during the second quarter worth about $23,418,000. Finally, Massachusetts Financial Services Co. MA bought a new position in Ollie’s Bargain Outlet during the second quarter worth about $22,097,000.

Ollie’s Bargain Outlet Stock Up 0.5 %

Ollie’s Bargain Outlet stock opened at $55.52 on Wednesday. The firm has a market cap of $3.46 billion, a PE ratio of 37.01, a price-to-earnings-growth ratio of 1.97 and a beta of 0.96. Ollie’s Bargain Outlet Holdings, Inc. has a 52-week low of $37.67 and a 52-week high of $72.27. The company’s 50 day moving average is $54.28 and its two-hundred day moving average is $55.01.

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

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on OLLI shares. Truist Financial decreased their target price on Ollie’s Bargain Outlet from $50.00 to $46.00 in a report on Thursday, December 8th. UBS Group decreased their price target on Ollie’s Bargain Outlet to $54.00 in a research note on Monday, December 12th. Loop Capital decreased their target price on Ollie’s Bargain Outlet from $50.00 to $45.00 in a research note on Thursday, December 8th. Jefferies Financial Group decreased their price target on Ollie’s Bargain Outlet from $65.00 to $60.00 in a research report on Thursday, December 8th. Finally, Wells Fargo & Company raised their target price on Ollie’s Bargain Outlet from $60.00 to $67.00 and gave the stock an “overweight” rating in a research report on Monday, February 6th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $60.67.

Ollie’s Bargain Outlet Profile

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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.