Rothschild Investment LLC Cuts Stock Position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Rothschild Investment LLC lessened its holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 42.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,219 shares of the company’s stock after selling 7,467 shares during the quarter. Rothschild Investment LLC’s holdings in Ollie’s Bargain Outlet were worth $1,121,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in OLLI. International Assets Investment Management LLC grew its position in Ollie’s Bargain Outlet by 7,676.0% during the third quarter. International Assets Investment Management LLC now owns 19,440 shares of the company’s stock valued at $1,890,000 after buying an additional 19,190 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in shares of Ollie’s Bargain Outlet by 7.7% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 3,966 shares of the company’s stock valued at $385,000 after acquiring an additional 283 shares during the period. DekaBank Deutsche Girozentrale increased its stake in shares of Ollie’s Bargain Outlet by 44.9% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 2,413 shares of the company’s stock worth $232,000 after purchasing an additional 748 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in shares of Ollie’s Bargain Outlet by 7.2% in the 3rd quarter. State of Alaska Department of Revenue now owns 7,145 shares of the company’s stock worth $694,000 after purchasing an additional 480 shares during the period. Finally, Diversify Advisory Services LLC purchased a new position in Ollie’s Bargain Outlet in the third quarter valued at approximately $292,000.

Ollie’s Bargain Outlet Price Performance

Shares of NASDAQ:OLLI opened at $96.27 on Tuesday. The company has a market cap of $5.90 billion, a price-to-earnings ratio of 28.74, a PEG ratio of 2.21 and a beta of 0.81. Ollie’s Bargain Outlet Holdings, Inc. has a one year low of $68.05 and a one year high of $120.03. The firm has a fifty day moving average price of $108.68 and a two-hundred day moving average price of $100.39.

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

Insider Transactions at Ollie’s Bargain Outlet

In other news, SVP James J. Comitale sold 5,325 shares of Ollie’s Bargain Outlet stock in a transaction on Wednesday, December 11th. The shares were 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 directly owns 3,140 shares of the company’s stock, valued at approximately $357,803. The trade was a 62.91 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO John W. Swygert sold 2,400 shares of the company’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $102.54, for a total transaction of $246,096.00. Following the completion of the transaction, the chief executive officer now owns 48,200 shares of the company’s stock, valued at $4,942,428. This trade represents a 4.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 83,739 shares of company stock valued at $9,237,511. 0.87% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Royal Bank of Canada reissued an “outperform” rating and issued a $130.00 target price on shares of Ollie’s Bargain Outlet in a research report on Monday, December 23rd. Truist Financial lifted their price objective on Ollie’s Bargain Outlet from $109.00 to $121.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. JPMorgan Chase & Co. upped their price objective on shares of Ollie’s Bargain Outlet from $105.00 to $135.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Bank of America lifted their target price on shares of Ollie’s Bargain Outlet from $115.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Finally, Citigroup upgraded shares of Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and upped their price target for the company from $64.00 to $133.00 in a research note on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $118.07.

Ollie’s Bargain Outlet Company Profile

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.