Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Shares Sold by Shaker Investments LLC OH

Shaker Investments LLC OH cut its position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 0.5% during the fourth quarter, Holdings Channel reports. The firm owned 32,214 shares of the company’s stock after selling 158 shares during the period. Ollie’s Bargain Outlet makes up approximately 1.5% of Shaker Investments LLC OH’s portfolio, making the stock its 23rd largest position. Shaker Investments LLC OH’s holdings in Ollie’s Bargain Outlet were worth $3,535,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of OLLI. Wilmington Savings Fund Society FSB raised its holdings in shares of Ollie’s Bargain Outlet by 337.0% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 236 shares of the company’s stock worth $26,000 after purchasing an additional 182 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Ollie’s Bargain Outlet by 55.2% during the 4th quarter. Blue Trust Inc. now owns 284 shares of the company’s stock worth $31,000 after acquiring an additional 101 shares in the last quarter. UMB Bank n.a. grew its position in shares of Ollie’s Bargain Outlet by 25.3% during the 4th quarter. UMB Bank n.a. now owns 545 shares of the company’s stock valued at $60,000 after acquiring an additional 110 shares during the period. GAMMA Investing LLC increased its stake in shares of Ollie’s Bargain Outlet by 37.9% in the 3rd quarter. GAMMA Investing LLC now owns 651 shares of the company’s stock valued at $63,000 after purchasing an additional 179 shares in the last quarter. Finally, Park Place Capital Corp acquired a new position in Ollie’s Bargain Outlet in the 4th quarter worth about $77,000.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Citigroup upgraded shares of Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and increased their target price for the company from $64.00 to $133.00 in a research report on Wednesday, December 18th. Wells Fargo & Company raised their target price on shares of Ollie’s Bargain Outlet from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 11th. Truist Financial increased their price target on Ollie’s Bargain Outlet from $109.00 to $121.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. JPMorgan Chase & Co. boosted their price objective 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. Finally, Craig Hallum boosted their price objective on shares of Ollie’s Bargain Outlet from $107.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, Ollie’s Bargain Outlet currently has an average rating of “Moderate Buy” and an average target price of $118.07.

Ollie’s Bargain Outlet Stock Performance

OLLI stock opened at $103.25 on Tuesday. The company’s 50 day moving average price is $109.07 and its 200 day moving average price is $99.80. The firm has a market capitalization of $6.33 billion, a price-to-earnings ratio of 30.82, a PEG ratio of 2.33 and a beta of 0.81. Ollie’s Bargain Outlet Holdings, Inc. has a fifty-two week low of $68.05 and a fifty-two week high of $120.03.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings data on Tuesday, December 10th. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. The business 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 revenue was up 7.8% on a year-over-year basis. During the same period last year, the business earned $0.51 EPS. Equities 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 business’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $113.95, for a total transaction of $606,783.75. Following the completion of the sale, the senior vice president now owns 3,140 shares in the company, valued at approximately $357,803. The trade was a 62.91 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Thomas Hendrickson sold 6,250 shares of the stock in a transaction on 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. Insiders sold 87,771 shares of company stock valued at $9,650,832 in the last ninety days. Insiders own 0.87% of the company’s stock.

Ollie’s Bargain Outlet Company Profile

Ollie's Bargain Outlet Holdings, Inc operates as a retailer of brand name merchandise in the United States. The company offers housewares, bed and bath, food, floor coverings, health and beauty aids, books and stationery, toys, and electronics; and other products, including hardware, candy, clothing, sporting goods, pet and lawn, and garden products.