TD Private Client Wealth LLC Raises Stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

TD Private Client Wealth LLC grew its stake in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 32,635.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,749 shares of the company’s stock after purchasing an additional 13,707 shares during the quarter. TD Private Client Wealth LLC’s holdings in Ollie’s Bargain Outlet were worth $1,509,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in OLLI. Congress Asset Management Co. boosted its stake in shares of Ollie’s Bargain Outlet by 181.6% during the fourth quarter. Congress Asset Management Co. now owns 1,916,584 shares of the company’s stock valued at $210,307,000 after purchasing an additional 1,235,994 shares during the period. Stephens Investment Management Group LLC purchased a new stake in shares of Ollie’s Bargain Outlet during the fourth quarter valued at approximately $78,356,000. Holocene Advisors LP boosted its stake in shares of Ollie’s Bargain Outlet by 10,159.3% during the third quarter. Holocene Advisors LP now owns 471,413 shares of the company’s stock valued at $45,821,000 after purchasing an additional 466,818 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Ollie’s Bargain Outlet during the fourth quarter valued at approximately $48,633,000. Finally, Wellington Management Group LLP boosted its stake in shares of Ollie’s Bargain Outlet by 155.8% during the third quarter. Wellington Management Group LLP now owns 483,044 shares of the company’s stock valued at $46,952,000 after purchasing an additional 294,217 shares during the period.

Ollie’s Bargain Outlet Price Performance

Shares of NASDAQ:OLLI opened at $106.88 on Friday. Ollie’s Bargain Outlet Holdings, Inc. has a 1-year low of $68.05 and a 1-year high of $120.03. The business has a fifty day moving average price of $105.16 and a 200-day moving average price of $101.61. The company has a market capitalization of $6.55 billion, a PE ratio of 31.90, a PEG 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 for the quarter, missing the consensus estimate 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 company had revenue of $667.10 million for the quarter, compared to the consensus estimate of $674.61 million. During the same quarter in the previous year, the business earned $1.23 earnings per share. Ollie’s Bargain Outlet’s revenue was up 2.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

OLLI has been the subject of a number of research analyst reports. JPMorgan Chase & Co. raised their price target on Ollie’s Bargain Outlet from $105.00 to $135.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Citigroup raised Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and raised their price target for the stock from $64.00 to $133.00 in a research note on Wednesday, December 18th. Truist Financial raised their price target on Ollie’s Bargain Outlet from $109.00 to $121.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Royal Bank of Canada raised their price target on Ollie’s Bargain Outlet from $130.00 to $133.00 and gave the stock an “outperform” rating in a research note on Friday, March 7th. Finally, Loop Capital raised their price target on Ollie’s Bargain Outlet from $120.00 to $130.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Ollie’s Bargain Outlet currently has a consensus rating of “Moderate Buy” and an average target price of $123.08.

Ollie’s Bargain Outlet 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.