Bleakley Financial Group LLC Buys New Position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Bleakley Financial Group LLC bought a new position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,081 shares of the company’s stock, valued at approximately $228,000.

Other large investors also recently added to or reduced their stakes in the company. Holocene Advisors LP boosted its holdings in shares of Ollie’s Bargain Outlet by 10,159.3% during the third quarter. Holocene Advisors LP now owns 471,413 shares of the company’s stock worth $45,821,000 after purchasing an additional 466,818 shares during the period. Wellington Management Group LLP lifted its position in shares of Ollie’s Bargain Outlet by 155.8% in the 3rd quarter. Wellington Management Group LLP now owns 483,044 shares of the company’s stock worth $46,952,000 after purchasing an additional 294,217 shares during the period. Loomis Sayles & Co. L P bought a new stake in shares of Ollie’s Bargain Outlet during the 3rd quarter valued at about $16,590,000. Victory Capital Management Inc. increased its position in shares of Ollie’s Bargain Outlet by 84.8% during the third quarter. Victory Capital Management Inc. now owns 313,836 shares of the company’s stock valued at $30,505,000 after buying an additional 143,996 shares during the period. Finally, Rheos Capital Works Inc. raised its stake in Ollie’s Bargain Outlet by 115.1% in the fourth quarter. Rheos Capital Works Inc. now owns 228,000 shares of the company’s stock worth $25,018,000 after buying an additional 122,000 shares in the last quarter.

Insider Activity at Ollie’s Bargain Outlet

In other 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 shares were sold at an average price of $102.54, for a total transaction of $246,096.00. Following the sale, the chief executive officer now owns 48,200 shares of the company’s stock, valued at approximately $4,942,428. The trade was a 4.74 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Thomas Hendrickson sold 6,250 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was 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. Over the last quarter, insiders sold 87,771 shares of company stock valued at $9,650,832. 0.87% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

OLLI has been the topic of several research reports. Piper Sandler boosted their price objective on shares of Ollie’s Bargain Outlet from $107.00 to $126.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Citigroup raised Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and increased their target price for the company from $64.00 to $133.00 in a report on Wednesday, December 18th. Truist Financial boosted their price objective on shares of Ollie’s Bargain Outlet from $109.00 to $121.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. StockNews.com lowered shares of Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research report on Tuesday, February 4th. Finally, Loop Capital upped their price target 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 research analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $118.07.

Ollie’s Bargain Outlet Trading Down 0.9 %

NASDAQ:OLLI opened at $102.47 on Thursday. Ollie’s Bargain Outlet Holdings, Inc. has a twelve month low of $68.05 and a twelve month high of $120.03. The company has a market cap of $6.28 billion, a P/E ratio of 30.59, a P/E/G ratio of 2.33 and a beta of 0.81. The company’s 50-day moving average price is $109.24 and its 200-day moving average price is $99.87.

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

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.