Stephens Investment Management Group LLC Takes $78.36 Million Position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Stephens Investment Management Group LLC purchased a new position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 714,078 shares of the company’s stock, valued at approximately $78,356,000. Ollie’s Bargain Outlet makes up 1.1% of Stephens Investment Management Group LLC’s investment portfolio, making the stock its 27th largest holding.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Holocene Advisors LP raised its holdings 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 worth $45,821,000 after buying an additional 466,818 shares in the last quarter. Wellington Management Group LLP raised its position in Ollie’s Bargain Outlet by 155.8% in the 3rd 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 during the last quarter. Loomis Sayles & Co. L P acquired a new position in Ollie’s Bargain Outlet during the 3rd quarter worth about $16,590,000. Victory Capital Management Inc. grew its stake in shares of Ollie’s Bargain Outlet by 84.8% during the third quarter. Victory Capital Management Inc. now owns 313,836 shares of the company’s stock valued at $30,505,000 after purchasing an additional 143,996 shares during the last quarter. Finally, Rheos Capital Works Inc. raised its position in Ollie’s Bargain Outlet by 115.1% in the 4th quarter. Rheos Capital Works Inc. now owns 228,000 shares of the company’s stock worth $25,018,000 after purchasing an additional 122,000 shares during the last quarter.

Analyst Ratings Changes

Several research analysts have recently issued reports on OLLI shares. Wells Fargo & Company raised their target price on shares of Ollie’s Bargain Outlet from $95.00 to $105.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 11th. Piper Sandler raised their price objective on Ollie’s Bargain Outlet from $107.00 to $126.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Craig Hallum upped their price target 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. Jefferies Financial Group cut 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. Finally, StockNews.com cut Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $118.07.

Insiders Place Their Bets

In other news, SVP James J. Comitale sold 5,325 shares of the firm’s stock in a transaction dated 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. This trade represents a 62.91 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John W. Swygert sold 4,032 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $102.51, for a total value of $413,320.32. Following the completion of the sale, the chief executive officer now owns 48,200 shares in the company, valued at $4,940,982. The trade was a 7.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 87,771 shares of company stock valued at $9,650,832. 0.87% of the stock is currently owned by corporate insiders.

Ollie’s Bargain Outlet Price Performance

OLLI opened at $104.71 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 company has a market capitalization of $6.42 billion, a PE ratio of 31.26, a price-to-earnings-growth ratio of 2.33 and a beta of 0.81. The business has a fifty day simple moving average of $109.01 and a 200 day simple moving average of $99.73.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its earnings results on Tuesday, December 10th. The company reported $0.58 EPS for the quarter, beating the consensus estimate 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 company had revenue of $517.43 million during the quarter, compared to analysts’ expectations of $518.83 million. During the same period in the previous year, the company earned $0.51 EPS. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. Equities 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 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.