Madison Investment Advisors LLC Invests $2.94 Million in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Madison Investment Advisors LLC purchased a new position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 26,807 shares of the company’s stock, valued at approximately $2,942,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of OLLI. Legacy Capital Wealth Partners LLC grew its holdings in Ollie’s Bargain Outlet by 3.4% during the fourth quarter. Legacy Capital Wealth Partners LLC now owns 2,834 shares of the company’s stock valued at $311,000 after purchasing an additional 94 shares during the last quarter. Blue Trust Inc. grew 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 valued at $31,000 after purchasing an additional 101 shares during the last quarter. UMB Bank n.a. grew its holdings in Ollie’s Bargain Outlet by 25.3% during the fourth quarter. UMB Bank n.a. now owns 545 shares of the company’s stock valued at $60,000 after purchasing an additional 110 shares during the last quarter. Precision Wealth Strategies LLC grew its holdings in Ollie’s Bargain Outlet by 3.2% during the fourth quarter. Precision Wealth Strategies LLC now owns 3,889 shares of the company’s stock valued at $427,000 after purchasing an additional 119 shares during the last quarter. Finally, SRS Capital Advisors Inc. grew its holdings in Ollie’s Bargain Outlet by 14.4% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,098 shares of the company’s stock valued at $120,000 after purchasing an additional 138 shares during the last quarter.

Ollie’s Bargain Outlet Price Performance

Shares of OLLI stock opened at $101.24 on Friday. The stock has a market cap of $6.20 billion, a P/E ratio of 30.22, a price-to-earnings-growth 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 stock has a fifty day moving average price of $105.43 and a 200 day moving average price of $101.02.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its earnings results on Tuesday, December 10th. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.57 by $0.01. The firm had revenue of $517.43 million during 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%. Ollie’s Bargain Outlet’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period last year, the business earned $0.51 earnings per share. Equities research analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

Insider Buying and Selling

In other Ollie’s Bargain Outlet news, SVP Larry Kraus sold 10,646 shares of Ollie’s Bargain Outlet stock in a transaction on Monday, December 16th. The stock was sold at an average price of $115.58, for a total transaction of $1,230,464.68. Following the completion of the transaction, the senior vice president now directly owns 1,905 shares of the company’s stock, valued at approximately $220,179.90. This trade represents a 84.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Thomas Hendrickson sold 6,250 shares of Ollie’s Bargain Outlet stock in a transaction on Monday, December 16th. The shares were sold at an average price of $114.74, for a total value of $717,125.00. The disclosure for this sale can be found here. 0.87% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have commented on the company. 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 report on Wednesday, December 11th. Jefferies Financial Group downgraded Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and lowered their price target for the company from $125.00 to $111.00 in a report on Tuesday, February 4th. Wells Fargo & Company increased their price target on Ollie’s Bargain Outlet from $95.00 to $105.00 and gave the company an “equal weight” rating in a report on Wednesday, December 11th. StockNews.com downgraded shares of Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research note on Tuesday, February 4th. Finally, Citigroup upgraded shares of Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and raised their price objective for the stock from $64.00 to $133.00 in a research note on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, four have issued 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 a consensus target price of $118.29.

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.