Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Shares Sold by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. lessened its stake in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 42.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,264 shares of the company’s stock after selling 933 shares during the period. Cullen Frost Bankers Inc.’s holdings in Ollie’s Bargain Outlet were worth $139,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Congress Asset Management Co. increased its position in shares of Ollie’s Bargain Outlet by 181.6% in the fourth quarter. Congress Asset Management Co. now owns 1,916,584 shares of the company’s stock worth $210,307,000 after acquiring an additional 1,235,994 shares in the last quarter. Stephens Investment Management Group LLC purchased a new position in Ollie’s Bargain Outlet during the 4th quarter worth approximately $78,356,000. Holocene Advisors LP raised its stake in Ollie’s Bargain Outlet by 10,159.3% during the 3rd 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. Wellington Management Group LLP lifted its holdings in shares of Ollie’s Bargain Outlet by 155.8% in 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 in the last quarter. Finally, Loomis Sayles & Co. L P acquired a new stake in shares of Ollie’s Bargain Outlet in the third quarter worth $16,590,000.

Ollie’s Bargain Outlet Stock Performance

Shares of OLLI stock opened at $103.03 on Monday. The company has a market capitalization of $6.31 billion, a price-to-earnings ratio of 30.76, a PEG ratio of 2.21 and a beta of 0.83. The stock’s 50 day simple moving average is $105.99 and its 200 day simple moving average is $100.99. Ollie’s Bargain Outlet Holdings, Inc. has a twelve month low of $68.05 and a twelve month high of $120.03.

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

Insiders Place Their Bets

In other news, SVP James J. Comitale sold 5,325 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $113.95, for a total transaction of $606,783.75. Following the completion of the transaction, the senior vice president now directly owns 3,140 shares in the company, valued at $357,803. The trade was a 62.91 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Larry Kraus sold 10,646 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $115.58, for a total transaction of $1,230,464.68. Following the completion of the sale, the senior vice president now owns 1,905 shares in the company, valued at approximately $220,179.90. The trade was a 84.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 76,539 shares of company stock valued at $8,498,935 in the last quarter. Insiders own 0.87% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on OLLI shares. Craig Hallum increased their price objective on Ollie’s Bargain Outlet from $107.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Jefferies Financial Group lowered shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and reduced their price target for the stock from $125.00 to $111.00 in a research report on Tuesday, February 4th. JPMorgan Chase & Co. boosted 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 research report on Wednesday, December 11th. Piper Sandler increased their target price on shares of Ollie’s Bargain Outlet from $107.00 to $126.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Finally, Truist Financial boosted their price target on shares of Ollie’s Bargain Outlet from $109.00 to $121.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, Ollie’s Bargain Outlet presently has a consensus rating of “Moderate Buy” and an average target price of $118.29.

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.