1,943 Shares in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Acquired by Advisor OS LLC

Advisor OS LLC bought a new position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,943 shares of the company’s stock, valued at approximately $213,000.

A number of other hedge funds have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB boosted its holdings in shares of Ollie’s Bargain Outlet by 337.0% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 236 shares of the company’s stock valued at $26,000 after purchasing an additional 182 shares during the last quarter. Bogart Wealth LLC acquired a new position in shares of Ollie’s Bargain Outlet in the 4th quarter valued at $26,000. Blue Trust Inc. boosted its holdings in shares of Ollie’s Bargain Outlet by 55.2% in the 4th quarter. Blue Trust Inc. now owns 284 shares of the company’s stock valued at $31,000 after purchasing an additional 101 shares during the last quarter. Arcadia Investment Management Corp MI acquired a new position in shares of Ollie’s Bargain Outlet in the 4th quarter valued at $58,000. Finally, UMB Bank n.a. boosted its holdings in shares of Ollie’s Bargain Outlet by 25.3% in the 4th quarter. UMB Bank n.a. now owns 545 shares of the company’s stock valued at $60,000 after purchasing an additional 110 shares during the last quarter.

Wall Street Analyst Weigh In

OLLI has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lifted 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 report on Wednesday, December 11th. Loop Capital lifted their price target on shares of Ollie’s Bargain Outlet from $120.00 to $130.00 and gave the company a “buy” rating in a report on Monday, December 23rd. StockNews.com lowered shares of Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a report on Tuesday, February 4th. Truist Financial raised 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. Finally, Jefferies Financial Group downgraded shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and cut their target price for the company from $125.00 to $111.00 in a research note on Tuesday, February 4th. One analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $118.07.

Ollie’s Bargain Outlet Price Performance

Shares of OLLI stock opened at $103.51 on Friday. Ollie’s Bargain Outlet Holdings, Inc. has a 12 month low of $68.05 and a 12 month high of $120.03. The firm has a market capitalization of $6.34 billion, a P/E ratio of 30.90, a P/E/G ratio of 2.21 and a beta of 0.81. The company’s fifty day moving average price is $107.72 and its two-hundred day moving average price is $100.43.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings data on Tuesday, December 10th. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $517.43 million for the quarter, compared to analyst estimates of $518.83 million. During the same quarter in the previous year, the business posted $0.51 EPS. The firm’s revenue was up 7.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

Insider Activity

In other news, CEO John W. Swygert sold 2,400 shares of the company’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $102.54, for a total value of $246,096.00. Following the sale, the chief executive officer now owns 48,200 shares in the company, valued at approximately $4,942,428. This represents a 4.74 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Thomas Hendrickson sold 6,250 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $114.74, for a total transaction of $717,125.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 78,939 shares of company stock worth $8,745,031. 0.87% of the stock is currently owned by corporate insiders.

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.