Fifth Third Wealth Advisors LLC Acquires Shares of 1,945 Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Fifth Third Wealth Advisors LLC acquired a new stake 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 & Exchange Commission. The firm acquired 1,945 shares of the company’s stock, valued at approximately $213,000.

A number of other institutional investors have also made changes to their positions in OLLI. Trust Point Inc. lifted its holdings in Ollie’s Bargain Outlet by 1.0% in the 3rd quarter. Trust Point Inc. now owns 13,184 shares of the company’s stock worth $1,281,000 after buying an additional 134 shares in the last quarter. FORA Capital LLC increased its position in shares of Ollie’s Bargain Outlet by 3.2% during the third quarter. FORA Capital LLC now owns 4,800 shares of the company’s stock worth $467,000 after acquiring an additional 148 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Ollie’s Bargain Outlet by 37.9% in the third quarter. GAMMA Investing LLC now owns 651 shares of the company’s stock worth $63,000 after acquiring an additional 179 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in Ollie’s Bargain Outlet by 5.6% in the third quarter. Farther Finance Advisors LLC now owns 3,544 shares of the company’s stock valued at $344,000 after purchasing an additional 188 shares during the last quarter. Finally, Bank of Montreal Can grew its stake in Ollie’s Bargain Outlet by 2.4% during the 2nd quarter. Bank of Montreal Can now owns 8,319 shares of the company’s stock valued at $820,000 after purchasing an additional 195 shares in the last quarter.

Analysts Set New Price Targets

A number of equities analysts have issued reports on OLLI shares. JPMorgan Chase & Co. upped their target price on Ollie’s Bargain Outlet from $105.00 to $135.00 and gave the company an “overweight” 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 note on Wednesday. Craig Hallum increased their price objective on shares of 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. Loop Capital boosted their target price on shares of Ollie’s Bargain Outlet from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. Finally, Wells Fargo & Company upped 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 note on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $118.62.

Insider Buying and Selling

In related news, CEO John W. Swygert sold 54,318 shares of the stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $109.44, for a total value of $5,944,561.92. Following the completion of the transaction, the chief executive officer now directly owns 48,200 shares of the company’s stock, valued at $5,275,008. This represents a 52.98 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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 value of $1,230,464.68. Following the completion of the sale, the senior vice president now owns 1,905 shares in the company, valued at approximately $220,179.90. This represents a 84.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 87,771 shares of company stock valued at $9,650,832 in the last quarter. Company insiders own 0.87% of the company’s stock.

Ollie’s Bargain Outlet Trading Up 2.3 %

NASDAQ:OLLI opened at $106.86 on Friday. The stock has a 50 day moving average of $104.39 and a 200-day moving average of $98.66. The firm has a market capitalization of $6.55 billion, a PE ratio of 31.90, a price-to-earnings-growth ratio of 2.63 and a beta of 0.82. 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 issued its quarterly earnings data on Tuesday, December 10th. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. The firm had revenue of $517.43 million during the quarter, compared to the consensus estimate of $518.83 million. Ollie’s Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The firm’s revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.51 EPS. As a group, analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

Ollie’s Bargain Outlet Company Profile

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.