Scholtz & Company LLC Buys 1,888 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Scholtz & Company LLC increased its stake in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 9.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 22,609 shares of the company’s stock after acquiring an additional 1,888 shares during the quarter. Ollie’s Bargain Outlet comprises about 1.2% of Scholtz & Company LLC’s portfolio, making the stock its 26th largest holding. Scholtz & Company LLC’s holdings in Ollie’s Bargain Outlet were worth $2,481,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of OLLI. Congress Asset Management Co. lifted its position in 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 last quarter. Norges Bank bought a new stake in Ollie’s Bargain Outlet during the fourth quarter worth approximately $80,741,000. Stephens Investment Management Group LLC purchased a new stake in Ollie’s Bargain Outlet during the fourth quarter valued at approximately $78,356,000. Holocene Advisors LP lifted its stake in shares of Ollie’s Bargain Outlet by 10,159.3% in 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 last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Ollie’s Bargain Outlet in the 4th quarter worth approximately $48,633,000.

Insider Buying and Selling

In related news, Chairman John W. Swygert sold 6,526 shares of the business’s stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $107.87, for a total transaction of $703,959.62. Following the sale, the chairman now owns 53,432 shares of the company’s stock, valued at approximately $5,763,709.84. The trade was a 10.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Robert Fisch sold 6,250 shares of the stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $108.08, for a total transaction of $675,500.00. Following the completion of the sale, the director now owns 22,159 shares in the company, valued at $2,394,944.72. This represents a 22.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 20,153 shares of company stock worth $2,200,844 in the last ninety days. 0.87% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on OLLI shares. Citigroup upgraded 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 report on Wednesday, December 18th. JPMorgan Chase & Co. upped their price target on shares of Ollie’s Bargain Outlet from $105.00 to $135.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. UBS Group increased their price objective on Ollie’s Bargain Outlet from $117.00 to $123.00 and gave the stock a “neutral” rating in a research note on Thursday, March 20th. Jefferies Financial Group lowered Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and cut their price target for the company from $125.00 to $111.00 in a research note on Tuesday, February 4th. Finally, Morgan Stanley upped their price objective on shares of Ollie’s Bargain Outlet from $108.00 to $118.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 20th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Ollie’s Bargain Outlet currently has a consensus rating of “Moderate Buy” and an average target price of $123.08.

Ollie’s Bargain Outlet Stock Performance

OLLI opened at $114.55 on Wednesday. The stock has a market capitalization of $7.02 billion, a PE ratio of 34.19, a P/E/G ratio of 2.21 and a beta of 0.83. Ollie’s Bargain Outlet Holdings, Inc. has a one year low of $68.05 and a one year high of $120.03. The business’s 50 day moving average price is $106.16 and its 200 day moving average price is $102.59.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its 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 return on equity of 13.15% and a net margin of 9.22%. The business had revenue of $667.10 million for the quarter, compared to analysts’ expectations of $674.61 million. During the same period in the previous year, the company earned $1.23 earnings per share. Ollie’s Bargain Outlet’s quarterly revenue was up 2.8% on a year-over-year basis. As a group, equities research analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share 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.