Vanguard Group Inc. Increases Stock Holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Vanguard Group Inc. lifted its stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 0.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,539,005 shares of the company’s stock after purchasing an additional 43,979 shares during the quarter. Vanguard Group Inc. owned about 8.99% of Ollie’s Bargain Outlet worth $420,355,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Operose Advisors LLC purchased a new position in shares of Ollie’s Bargain Outlet in the 3rd quarter worth approximately $26,000. Partnership Wealth Management LLC purchased a new position in shares of Ollie’s Bargain Outlet in the 4th quarter worth approximately $68,000. CWM LLC boosted its holdings in Ollie’s Bargain Outlet by 25.8% during the 4th quarter. CWM LLC now owns 1,741 shares of the company’s stock valued at $132,000 after acquiring an additional 357 shares during the period. Shelton Capital Management purchased a new position in Ollie’s Bargain Outlet during the 3rd quarter valued at $205,000. Finally, Coldstream Capital Management Inc. purchased a new position in Ollie’s Bargain Outlet during the 4th quarter valued at $208,000.

Ollie’s Bargain Outlet Trading Down 0.1 %

OLLI opened at $98.31 on Thursday. The firm has a market cap of $6.02 billion, a price-to-earnings ratio of 31.01, a PEG ratio of 2.67 and a beta of 0.82. Ollie’s Bargain Outlet Holdings, Inc. has a 12 month low of $57.31 and a 12 month high of $100.44. The stock has a fifty day moving average price of $81.09 and a 200-day moving average price of $76.89.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings results on Wednesday, June 5th. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.65 by $0.08. The firm had revenue of $508.82 million during the quarter, compared to analyst estimates of $506.49 million. Ollie’s Bargain Outlet had a return on equity of 13.22% and a net margin of 9.14%. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.49 EPS. On average, equities research analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.26 EPS for the current year.

Wall Street Analyst Weigh In

OLLI has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upgraded Ollie’s Bargain Outlet from a “neutral” rating to an “overweight” rating and set a $105.00 price objective for the company in a report on Monday, June 17th. Piper Sandler boosted their price objective on Ollie’s Bargain Outlet from $100.00 to $107.00 and gave the company an “overweight” rating in a report on Tuesday. Morgan Stanley boosted their price objective on Ollie’s Bargain Outlet from $80.00 to $92.00 and gave the company an “equal weight” rating in a report on Thursday, June 6th. Craig Hallum boosted their price objective on Ollie’s Bargain Outlet from $100.00 to $105.00 and gave the company a “buy” rating in a report on Thursday, June 6th. Finally, Truist Financial lifted their target price on Ollie’s Bargain Outlet from $86.00 to $102.00 and gave the company a “buy” rating in a research report on Thursday, June 6th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $101.50.

Insider Transactions at Ollie’s Bargain Outlet

In related news, Director Thomas Hendrickson sold 4,500 shares of the company’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $97.54, for a total transaction of $438,930.00. Following the transaction, the director now directly owns 5,659 shares of the company’s stock, valued at approximately $551,978.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Thomas Hendrickson sold 4,500 shares of the company’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $97.54, for a total transaction of $438,930.00. Following the transaction, the director now directly owns 5,659 shares of the company’s stock, valued at approximately $551,978.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO John W. Swygert sold 11,756 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $75.22, for a total value of $884,286.32. Following the transaction, the chief executive officer now directly owns 48,200 shares in the company, valued at $3,625,604. The disclosure for this sale can be found here. In the last three months, insiders sold 49,310 shares of company stock valued at $4,109,613. Corporate insiders own 0.87% of the company’s stock.

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.