Stephens Inc. AR Acquires Shares of 4,000 Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Stephens Inc. AR bought a new position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,000 shares of the company’s stock, valued at approximately $439,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Stephens Investment Management Group LLC purchased a new stake in shares of Ollie’s Bargain Outlet in the fourth quarter valued at about $78,356,000. Entropy Technologies LP acquired a new position in shares of Ollie’s Bargain Outlet during the 4th quarter worth $582,000. Wilmington Savings Fund Society FSB increased its holdings in Ollie’s Bargain Outlet by 337.0% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 236 shares of the company’s stock valued at $26,000 after buying an additional 182 shares in the last quarter. Bleakley Financial Group LLC purchased a new position in Ollie’s Bargain Outlet in the 4th quarter valued at approximately $228,000. Finally, Retirement Systems of Alabama raised its stake in shares of Ollie’s Bargain Outlet by 0.3% during the 4th quarter. Retirement Systems of Alabama now owns 74,594 shares of the company’s stock worth $8,185,000 after buying an additional 243 shares during the last quarter.

Insider Buying and Selling at Ollie’s Bargain Outlet

In related news, CEO John W. Swygert sold 4,032 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $102.51, for a total value of $413,320.32. Following the completion of the sale, the chief executive officer now owns 48,200 shares of the company’s stock, valued at approximately $4,940,982. The trade was a 7.72 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Larry Kraus sold 10,646 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $115.58, for a total transaction of $1,230,464.68. Following the transaction, the senior vice president now directly owns 1,905 shares in the company, valued at approximately $220,179.90. The trade was a 84.82 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 87,771 shares of company stock worth $9,650,832 over the last 90 days. 0.87% of the stock is currently owned by corporate insiders.

Ollie’s Bargain Outlet Trading Up 1.5 %

Shares of OLLI stock opened at $108.35 on Friday. Ollie’s Bargain Outlet Holdings, Inc. has a 1-year low of $68.05 and a 1-year high of $120.03. The company has a market capitalization of $6.64 billion, a price-to-earnings ratio of 32.34, a P/E/G ratio of 2.33 and a beta of 0.81. The stock’s fifty day simple moving average is $109.50 and its 200-day simple moving average is $99.99.

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

Analyst Ratings Changes

A number of equities research analysts recently issued reports on OLLI shares. Craig Hallum upped their target price on Ollie’s Bargain Outlet from $107.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. StockNews.com cut shares of Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research report on Tuesday, February 4th. Piper Sandler increased their price target on shares of Ollie’s Bargain Outlet from $107.00 to $126.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Wells Fargo & Company lifted their price target on shares of 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. Finally, Bank of America upped their price target on shares of Ollie’s Bargain Outlet from $115.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $118.07.

Ollie’s Bargain Outlet 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.