Van ECK Associates Corp Raises Stock Holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Van ECK Associates Corp boosted its stake in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 36.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,659 shares of the company’s stock after buying an additional 12,476 shares during the quarter. Van ECK Associates Corp owned 0.08% of Ollie’s Bargain Outlet worth $5,120,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Wilmington Savings Fund Society FSB raised its stake in shares of 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 acquiring an additional 182 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Ollie’s Bargain Outlet by 55.2% in the 4th quarter. Blue Trust Inc. now owns 284 shares of the company’s stock valued at $31,000 after buying an additional 101 shares during the period. UMB Bank n.a. grew its position in shares of Ollie’s Bargain Outlet by 25.3% during the fourth quarter. UMB Bank n.a. now owns 545 shares of the company’s stock worth $60,000 after buying an additional 110 shares in the last quarter. Park Place Capital Corp purchased a new stake in shares of Ollie’s Bargain Outlet during the fourth quarter worth approximately $77,000. Finally, Eagle Bay Advisors LLC acquired a new stake in Ollie’s Bargain Outlet in the fourth quarter valued at approximately $79,000.

Insider Activity

In other news, Director Thomas Hendrickson sold 6,250 shares of Ollie’s Bargain Outlet stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $114.74, for a total value of $717,125.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Larry Kraus sold 10,646 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $115.58, for a total transaction of $1,230,464.68. Following the completion of the transaction, 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. Over the last quarter, insiders sold 87,771 shares of company stock worth $9,650,832. 0.87% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on OLLI. Piper Sandler boosted their target price on 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. Wells Fargo & Company increased their target price on shares of Ollie’s Bargain Outlet from $95.00 to $105.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 11th. Jefferies Financial Group cut shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and reduced their price target for the company from $125.00 to $111.00 in a research report on Tuesday, February 4th. Bank of America raised their price objective on Ollie’s Bargain Outlet from $115.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Finally, Craig Hallum boosted their target price on Ollie’s Bargain Outlet from $107.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $118.07.

Ollie’s Bargain Outlet Trading Up 0.9 %

Ollie’s Bargain Outlet stock opened at $109.28 on Wednesday. The stock has a market cap of $6.70 billion, a PE ratio of 32.62, a P/E/G ratio of 2.33 and a beta of 0.81. The stock has a 50-day moving average price of $109.71 and a 200 day moving average price of $100.08. Ollie’s Bargain Outlet Holdings, Inc. has a 52 week low of $68.05 and a 52 week high of $120.03.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its earnings results on Tuesday, December 10th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $517.43 million for the quarter, compared to analysts’ expectations of $518.83 million. During the same period last year, the company earned $0.51 earnings per share. The company’s quarterly revenue was up 7.8% on a year-over-year basis. On average, equities analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

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.