Cullen Frost Bankers Inc. Has $139,000 Holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Cullen Frost Bankers Inc. trimmed its position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 42.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,264 shares of the company’s stock after selling 933 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Ollie’s Bargain Outlet were worth $139,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of OLLI. Wealth Enhancement Advisory Services LLC grew its stake in shares of Ollie’s Bargain Outlet by 7.7% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 3,966 shares of the company’s stock valued at $385,000 after purchasing an additional 283 shares during the period. Janney Montgomery Scott LLC boosted its stake in Ollie’s Bargain Outlet by 5.2% in the 3rd quarter. Janney Montgomery Scott LLC now owns 8,122 shares of the company’s stock valued at $789,000 after buying an additional 402 shares in the last quarter. Van ECK Associates Corp grew its position in Ollie’s Bargain Outlet by 40.0% in the third quarter. Van ECK Associates Corp now owns 34,183 shares of the company’s stock valued at $3,103,000 after acquiring an additional 9,768 shares during the period. Crossmark Global Holdings Inc. raised its stake in Ollie’s Bargain Outlet by 10.0% during the third quarter. Crossmark Global Holdings Inc. now owns 4,406 shares of the company’s stock worth $428,000 after acquiring an additional 400 shares in the last quarter. Finally, Chartwell Investment Partners LLC boosted its stake in shares of Ollie’s Bargain Outlet by 50.7% in the 3rd quarter. Chartwell Investment Partners LLC now owns 12,212 shares of the company’s stock valued at $1,187,000 after purchasing an additional 4,111 shares in the last quarter.

Insider Transactions at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, Director Thomas Hendrickson sold 6,250 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $114.74, for a total value of $717,125.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP James J. Comitale sold 5,325 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $113.95, for a total transaction of $606,783.75. Following the completion of the sale, the senior vice president now owns 3,140 shares in the company, valued at approximately $357,803. This trade represents a 62.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 76,539 shares of company stock worth $8,498,935 in the last three months. Insiders own 0.87% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on OLLI shares. Jefferies Financial Group cut shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and dropped their target price for the stock from $125.00 to $111.00 in a research report on Tuesday, February 4th. Truist Financial lifted their target price on shares of Ollie’s Bargain Outlet from $109.00 to $121.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Piper Sandler boosted their target price on Ollie’s Bargain Outlet from $107.00 to $126.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Craig Hallum raised their price target on Ollie’s Bargain Outlet from $107.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Finally, Royal Bank of Canada boosted their price objective on Ollie’s Bargain Outlet from $130.00 to $133.00 and gave the stock an “outperform” rating in a research note on Friday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Ollie’s Bargain Outlet presently has a consensus rating of “Moderate Buy” and an average price target of $118.29.

Ollie’s Bargain Outlet Trading Down 2.1 %

Ollie’s Bargain Outlet stock opened at $103.03 on Monday. Ollie’s Bargain Outlet Holdings, Inc. has a 1 year low of $68.05 and a 1 year high of $120.03. The company’s 50-day moving average is $105.99 and its two-hundred day moving average is $100.99. The company has a market cap of $6.31 billion, a PE ratio of 30.76, a PEG ratio of 2.21 and a beta of 0.83.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings data on Tuesday, December 10th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.01. Ollie’s Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. The business had revenue of $517.43 million for the quarter, compared to analyst estimates of $518.83 million. During the same period in the prior year, the business posted $0.51 earnings per share. Ollie’s Bargain Outlet’s revenue was up 7.8% compared to the same quarter last year. Research analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

About Ollie’s Bargain Outlet

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.