OLD National Bancorp IN Purchases 2,833 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

OLD National Bancorp IN increased its position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 112.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,355 shares of the company’s stock after purchasing an additional 2,833 shares during the period. OLD National Bancorp IN’s holdings in Ollie’s Bargain Outlet were worth $588,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Blue Trust Inc. raised its holdings in Ollie’s Bargain Outlet by 55.2% during the fourth quarter. Blue Trust Inc. now owns 284 shares of the company’s stock worth $31,000 after buying an additional 101 shares during the last quarter. UMB Bank n.a. raised 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 worth $60,000 after acquiring an additional 110 shares during the last quarter. GAMMA Investing LLC lifted its position in 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 acquiring an additional 179 shares in the last quarter. Park Place Capital Corp acquired a new position in Ollie’s Bargain Outlet during the 4th quarter valued at about $77,000. Finally, Eagle Bay Advisors LLC bought a new stake in Ollie’s Bargain Outlet during the 4th quarter worth approximately $79,000.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Citigroup upgraded Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and raised their target price for the company from $64.00 to $133.00 in a report on Wednesday, December 18th. JPMorgan Chase & Co. lifted their price objective 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. Piper Sandler raised their price target on shares of Ollie’s Bargain Outlet from $107.00 to $126.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $130.00 price objective on shares of Ollie’s Bargain Outlet in a research report on Monday, December 23rd. Finally, Truist Financial lifted their target price on shares of Ollie’s Bargain Outlet from $109.00 to $121.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $118.62.

Insider Buying and Selling

In other Ollie’s Bargain Outlet news, CEO John W. Swygert sold 4,032 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $102.51, for a total value of $413,320.32. Following the completion of the transaction, the chief executive officer now owns 48,200 shares in the company, valued at $4,940,982. This trade represents a 7.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP James J. Comitale sold 5,325 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $113.95, for a total value of $606,783.75. Following the sale, the senior vice president now owns 3,140 shares in the company, valued at approximately $357,803. This represents a 62.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 87,771 shares of company stock valued at $9,650,832. Company insiders own 0.87% of the company’s stock.

Ollie’s Bargain Outlet Price Performance

Shares of OLLI opened at $111.51 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 stock’s fifty day moving average price is $108.40 and its two-hundred day moving average price is $99.54. The firm has a market cap of $6.83 billion, a PE ratio of 33.29, a PEG ratio of 2.78 and a beta of 0.82.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings data on Tuesday, December 10th. The company reported $0.58 earnings per share (EPS) 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 analysts’ expectations of $518.83 million. Ollie’s Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.51 EPS. Sell-side analysts anticipate 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 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.