Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. decreased its holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 90.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 29,631 shares of the company’s stock after selling 284,205 shares during the quarter. Victory Capital Management Inc.’s holdings in Ollie’s Bargain Outlet were worth $3,251,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of OLLI. Janney Montgomery Scott LLC increased its stake in Ollie’s Bargain Outlet by 5.2% during the 3rd quarter. Janney Montgomery Scott LLC now owns 8,122 shares of the company’s stock worth $789,000 after buying an additional 402 shares in the last quarter. Crossmark Global Holdings Inc. increased its stake in Ollie’s Bargain Outlet by 10.0% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 4,406 shares of the company’s stock worth $428,000 after buying an additional 400 shares in the last quarter. Royce & Associates LP increased its stake in Ollie’s Bargain Outlet by 161.6% during the 3rd quarter. Royce & Associates LP now owns 75,605 shares of the company’s stock worth $7,349,000 after buying an additional 46,706 shares in the last quarter. Natixis Advisors LLC increased its stake in Ollie’s Bargain Outlet by 16.1% during the 3rd quarter. Natixis Advisors LLC now owns 28,432 shares of the company’s stock worth $2,764,000 after buying an additional 3,946 shares in the last quarter. Finally, Mutual of America Capital Management LLC increased its stake in Ollie’s Bargain Outlet by 0.8% during the 3rd quarter. Mutual of America Capital Management LLC now owns 114,687 shares of the company’s stock worth $11,148,000 after buying an additional 888 shares in the last quarter.

Ollie’s Bargain Outlet Stock Performance

Shares of Ollie’s Bargain Outlet stock opened at $102.49 on Monday. The firm has a market capitalization of $6.28 billion, a price-to-earnings ratio of 30.59, a PEG ratio of 2.21 and a beta of 0.83. Ollie’s Bargain Outlet Holdings, Inc. has a fifty-two week low of $68.05 and a fifty-two week high of $120.03. The stock has a 50 day moving average of $105.21 and a 200 day moving average of $101.15.

Wall Street Analysts Forecast Growth

Several research firms have commented on OLLI. StockNews.com lowered Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research note on Tuesday, February 4th. Citigroup upgraded Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and upped their price target for the company from $64.00 to $133.00 in a research report on Wednesday, December 18th. Wells Fargo & Company upped their price target on 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. Bank of America upped their price target on Ollie’s Bargain Outlet from $115.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Finally, Jefferies Financial Group lowered Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and dropped their price target for the company from $125.00 to $111.00 in a research report on Tuesday, February 4th. One equities 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 company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $118.29.

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.