Stevens Capital Management LP Makes New $667,000 Investment in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Stevens Capital Management LP acquired a new stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 6,078 shares of the company’s stock, valued at approximately $667,000.

Several other large investors have also recently made changes to their positions in OLLI. LPL Financial LLC grew its position in Ollie’s Bargain Outlet by 4.7% during the fourth quarter. LPL Financial LLC now owns 106,980 shares of the company’s stock valued at $11,643,000 after buying an additional 4,772 shares during the period. KLP Kapitalforvaltning AS bought a new position in shares of Ollie’s Bargain Outlet during the 4th quarter valued at approximately $1,635,000. Sei Investments Co. grew its position in shares of Ollie’s Bargain Outlet by 10.2% during the 4th quarter. Sei Investments Co. now owns 346,671 shares of the company’s stock valued at $38,041,000 after acquiring an additional 32,137 shares during the period. Quantbot Technologies LP bought a new stake in shares of Ollie’s Bargain Outlet in the 4th quarter worth approximately $1,175,000. Finally, TD Private Client Wealth LLC lifted its stake in Ollie’s Bargain Outlet by 32,635.7% in the fourth quarter. TD Private Client Wealth LLC now owns 13,749 shares of the company’s stock valued at $1,509,000 after purchasing an additional 13,707 shares during the last quarter.

Analyst Ratings Changes

Several analysts have issued reports on the company. Royal Bank of Canada boosted their target price on Ollie’s Bargain Outlet from $130.00 to $133.00 and gave the company an “outperform” rating in a research note on Friday, March 7th. Loop Capital boosted their price objective on Ollie’s Bargain Outlet from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. StockNews.com lowered shares of Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research report on Tuesday, February 4th. JPMorgan Chase & Co. boosted their price target on shares of Ollie’s Bargain Outlet from $105.00 to $135.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Finally, Piper Sandler cut their price objective on shares of Ollie’s Bargain Outlet from $126.00 to $124.00 and set an “overweight” rating for the company in a report on Thursday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Ollie’s Bargain Outlet presently has a consensus rating of “Moderate Buy” and a consensus target price of $123.08.

Ollie’s Bargain Outlet Stock Performance

Shares of OLLI stock opened at $106.88 on Friday. Ollie’s Bargain Outlet Holdings, Inc. has a 52-week low of $68.05 and a 52-week high of $120.03. The business’s fifty day moving average is $105.16 and its 200 day moving average is $101.61. The company has a market capitalization of $6.55 billion, a PE ratio of 31.90, a price-to-earnings-growth ratio of 2.21 and a beta of 0.83.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings results on Wednesday, March 19th. The company reported $1.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.20 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 $667.10 million for the quarter, compared to the consensus estimate of $674.61 million. During the same quarter last year, the business posted $1.23 EPS. The business’s revenue was up 2.8% compared to the same quarter last year. On average, sell-side analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

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.