SRS Capital Advisors Inc. Has $120,000 Stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

SRS Capital Advisors Inc. increased its stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 14.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,098 shares of the company’s stock after purchasing an additional 138 shares during the period. SRS Capital Advisors Inc.’s holdings in Ollie’s Bargain Outlet were worth $120,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Royce & Associates LP lifted its holdings in shares of Ollie’s Bargain Outlet by 161.6% in the third quarter. Royce & Associates LP now owns 75,605 shares of the company’s stock valued at $7,349,000 after purchasing an additional 46,706 shares in the last quarter. Oak Thistle LLC acquired a new stake in Ollie’s Bargain Outlet in the 4th quarter valued at approximately $1,345,000. JPMorgan Chase & Co. lifted its stake in Ollie’s Bargain Outlet by 79.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 189,301 shares of the company’s stock valued at $18,400,000 after acquiring an additional 83,882 shares in the last quarter. Van ECK Associates Corp boosted its position in Ollie’s Bargain Outlet by 36.5% during the 4th quarter. Van ECK Associates Corp now owns 46,659 shares of the company’s stock worth $5,120,000 after acquiring an additional 12,476 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Ollie’s Bargain Outlet by 0.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 753,658 shares of the company’s stock worth $73,256,000 after acquiring an additional 5,438 shares in the last quarter.

Insiders Place Their Bets

In related news, CEO John W. Swygert sold 2,400 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $102.54, for a total transaction of $246,096.00. Following the completion of the sale, the chief executive officer now directly owns 48,200 shares of the company’s stock, valued at approximately $4,942,428. This trade represents a 4.74 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP James J. Comitale sold 5,325 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $113.95, for a total value of $606,783.75. Following the completion of the sale, the senior vice president now owns 3,140 shares of the company’s stock, valued at $357,803. This trade represents a 62.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 78,939 shares of company stock worth $8,745,031 over the last three months. Insiders own 0.87% of the company’s stock.

Ollie’s Bargain Outlet Trading Up 1.9 %

OLLI opened at $105.38 on Thursday. The stock’s fifty day simple moving average is $106.84 and its 200 day simple moving average is $100.84. Ollie’s Bargain Outlet Holdings, Inc. has a 1-year low of $68.05 and a 1-year high of $120.03. The stock has a market cap of $6.46 billion, a PE ratio of 31.46, a price-to-earnings-growth ratio of 2.21 and a beta of 0.81.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings data on Tuesday, December 10th. The company reported $0.58 earnings per share 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 for the quarter, compared to analyst estimates of $518.83 million. During the same period in the prior year, the firm earned $0.51 earnings per share. The company’s revenue was up 7.8% on a year-over-year basis. Equities analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

Wall Street Analyst Weigh In

OLLI has been the subject of several recent research reports. JPMorgan Chase & Co. increased their target price 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. Loop Capital increased their price objective on shares of Ollie’s Bargain Outlet from $120.00 to $130.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. Bank of America lifted their target price on Ollie’s Bargain Outlet from $115.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Piper Sandler increased their price target on 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. Finally, Citigroup raised Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and boosted their price target for the stock from $64.00 to $133.00 in a research report on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $118.07.

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.