Emerald Advisers LLC Decreases Stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Emerald Advisers LLC cut its stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 1.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 254,822 shares of the company’s stock after selling 2,475 shares during the quarter. Emerald Advisers LLC owned about 0.42% of Ollie’s Bargain Outlet worth $27,962,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Oak Thistle LLC acquired a new stake in shares of Ollie’s Bargain Outlet in the 4th quarter worth $1,345,000. JPMorgan Chase & Co. increased its stake in shares of Ollie’s Bargain Outlet by 79.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 189,301 shares of the company’s stock worth $18,400,000 after acquiring an additional 83,882 shares during the last quarter. Van ECK Associates Corp increased its stake in shares of Ollie’s Bargain Outlet by 36.5% in the 4th quarter. Van ECK Associates Corp now owns 46,659 shares of the company’s stock worth $5,120,000 after acquiring an additional 12,476 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Ollie’s Bargain Outlet by 0.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 753,658 shares of the company’s stock worth $73,256,000 after acquiring an additional 5,438 shares during the last quarter. Finally, Fred Alger Management LLC increased its stake in shares of Ollie’s Bargain Outlet by 12.1% in the 3rd quarter. Fred Alger Management LLC now owns 772,145 shares of the company’s stock worth $75,052,000 after acquiring an additional 83,063 shares during the last quarter.

Ollie’s Bargain Outlet Price Performance

NASDAQ OLLI opened at $106.88 on Friday. The stock has a 50-day moving average of $105.16 and a two-hundred day moving average of $101.61. The company has a market cap of $6.55 billion, a P/E ratio of 31.90, a P/E/G ratio of 2.21 and a beta of 0.83. Ollie’s Bargain Outlet Holdings, Inc. has a 1-year low of $68.05 and a 1-year high of $120.03.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings data on Wednesday, March 19th. The company reported $1.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.01). The company had revenue of $667.10 million during the quarter, compared to analysts’ expectations of $674.61 million. Ollie’s Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.23 EPS. On average, analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Loop Capital raised their price objective on Ollie’s Bargain Outlet from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. UBS Group raised their price objective on Ollie’s Bargain Outlet from $117.00 to $123.00 and gave the stock a “neutral” rating in a research report on Thursday. Wells Fargo & Company raised their price objective on Ollie’s Bargain Outlet from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 11th. Jefferies Financial Group downgraded Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and cut their price objective for the stock from $125.00 to $111.00 in a research report on Tuesday, February 4th. Finally, Morgan Stanley raised their price objective on Ollie’s Bargain Outlet from $108.00 to $118.00 and gave the stock an “equal weight” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $123.08.

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.