Quantbot Technologies LP Invests $1.18 Million in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Quantbot Technologies LP bought a new stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) in the fourth quarter, HoldingsChannel reports. The fund bought 10,710 shares of the company’s stock, valued at approximately $1,175,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB grew its holdings in shares of Ollie’s Bargain Outlet by 337.0% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 236 shares of the company’s stock valued at $26,000 after acquiring an additional 182 shares in the last quarter. Bogart Wealth LLC bought a new position in Ollie’s Bargain Outlet in the fourth quarter valued at approximately $26,000. Blue Trust Inc. increased its position in shares of Ollie’s Bargain Outlet by 55.2% during the 4th quarter. Blue Trust Inc. now owns 284 shares of the company’s stock worth $31,000 after purchasing an additional 101 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new stake in shares of Ollie’s Bargain Outlet during the 4th quarter worth approximately $41,000. Finally, Tortoise Investment Management LLC acquired a new stake in shares of Ollie’s Bargain Outlet in the 4th quarter valued at approximately $45,000.

Ollie’s Bargain Outlet Price Performance

NASDAQ OLLI opened at $106.37 on Wednesday. Ollie’s Bargain Outlet Holdings, Inc. has a fifty-two week low of $68.05 and a fifty-two week high of $120.03. The business has a fifty day moving average price of $105.43 and a two-hundred day moving average price of $101.98. The stock has a market capitalization of $6.52 billion, a PE ratio of 31.75, a PEG ratio of 2.21 and a beta of 0.83.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings data 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). The business had revenue of $667.10 million during the quarter, compared to analyst estimates of $674.61 million. Ollie’s Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period last year, the business earned $1.23 earnings per share. As a group, sell-side analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

Insider Activity at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, Director Robert Fisch sold 6,250 shares of the business’s stock in a transaction 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 sale, the director now owns 22,159 shares of the company’s stock, valued at approximately $2,394,944.72. The trade was a 22.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.87% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Royal Bank of Canada boosted their target price on shares of Ollie’s Bargain Outlet from $130.00 to $133.00 and gave the stock an “outperform” rating in a report on Friday, March 7th. Morgan Stanley upped their target price on shares of Ollie’s Bargain Outlet from $108.00 to $118.00 and gave the company an “equal weight” rating in a report on Thursday, March 20th. UBS Group lifted their price target on Ollie’s Bargain Outlet from $117.00 to $123.00 and gave the stock a “neutral” rating in a report on Thursday, March 20th. Truist Financial upped their price objective on Ollie’s Bargain Outlet from $109.00 to $121.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Finally, Loop Capital lifted their target price on 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. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Ollie’s Bargain Outlet has an average rating of “Moderate Buy” and a consensus target price of $123.08.

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.