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

KBC Group NV grew its stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 69.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,658 shares of the company’s stock after buying an additional 1,087 shares during the period. KBC Group NV’s holdings in Ollie’s Bargain Outlet were worth $292,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its position 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 acquiring an additional 101 shares in the last quarter. Kingswood Wealth Advisors LLC acquired a new position in Ollie’s Bargain Outlet in the 4th quarter worth about $278,000. Tributary Capital Management LLC boosted its position in Ollie’s Bargain Outlet by 1.7% during the fourth quarter. Tributary Capital Management LLC now owns 284,351 shares of the company’s stock worth $31,202,000 after purchasing an additional 4,787 shares in the last quarter. Exchange Traded Concepts LLC grew its holdings in Ollie’s Bargain Outlet by 2.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 8,570 shares of the company’s stock valued at $940,000 after purchasing an additional 215 shares during the period. Finally, Janney Montgomery Scott LLC increased its position in shares of Ollie’s Bargain Outlet by 671.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 62,679 shares of the company’s stock valued at $6,878,000 after buying an additional 54,557 shares in the last quarter.

Ollie’s Bargain Outlet Stock Down 3.5 %

OLLI stock opened at $107.63 on Tuesday. Ollie’s Bargain Outlet Holdings, Inc. has a 52-week low of $68.05 and a 52-week high of $120.03. The stock has a market cap of $6.60 billion, a price-to-earnings ratio of 32.13, a price-to-earnings-growth ratio of 2.76 and a beta of 0.81. The business has a fifty day moving average of $108.54 and a two-hundred day moving average of $99.54.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its earnings results on Tuesday, December 10th. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. The company had revenue of $517.43 million for the quarter, compared to analysts’ expectations of $518.83 million. Ollie’s Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. Ollie’s Bargain Outlet’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.51 earnings per share. As a group, sell-side analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

Insider Activity at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, CEO John W. Swygert sold 4,800 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $102.60, for a total transaction of $492,480.00. Following the sale, the chief executive officer now directly owns 48,200 shares in the company, valued at $4,945,320. This represents a 9.06 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Larry Kraus sold 10,646 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $115.58, for a total value of $1,230,464.68. Following the sale, the senior vice president now directly owns 1,905 shares in the company, valued at $220,179.90. This represents a 84.82 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 87,771 shares of company stock worth $9,650,832. Insiders own 0.87% of the company’s stock.

Wall Street Analysts Forecast Growth

OLLI has been the topic of a number of recent analyst reports. Piper Sandler increased their target price 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. Royal Bank of Canada reaffirmed an “outperform” rating and set a $130.00 price objective on shares of Ollie’s Bargain Outlet in a report on Monday, December 23rd. Craig Hallum boosted their target price on shares of Ollie’s Bargain Outlet from $107.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Truist Financial raised their price target on shares of 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 boosted their price objective 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. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $118.62.

About Ollie’s Bargain Outlet

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.