Park Avenue Securities LLC Takes $504,000 Position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Park Avenue Securities LLC acquired a new position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 4,593 shares of the company’s stock, valued at approximately $504,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Royce & Associates LP boosted its stake in Ollie’s Bargain Outlet by 161.6% in the 3rd quarter. Royce & Associates LP now owns 75,605 shares of the company’s stock worth $7,349,000 after purchasing an additional 46,706 shares during the period. Oak Thistle LLC acquired a new position in shares of Ollie’s Bargain Outlet during the fourth quarter worth about $1,345,000. JPMorgan Chase & Co. grew its holdings in shares of Ollie’s Bargain Outlet by 79.6% during the third quarter. JPMorgan Chase & Co. now owns 189,301 shares of the company’s stock worth $18,400,000 after buying an additional 83,882 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Ollie’s Bargain Outlet by 0.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 753,658 shares of the company’s stock valued at $73,256,000 after buying an additional 5,438 shares during the last quarter. Finally, Fred Alger Management LLC lifted its stake in Ollie’s Bargain Outlet by 12.1% in the 3rd quarter. Fred Alger Management LLC now owns 772,145 shares of the company’s stock valued at $75,052,000 after acquiring an additional 83,063 shares in the last quarter.

Insider Buying and Selling at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, CEO John W. Swygert sold 4,032 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $102.51, for a total value of $413,320.32. Following the sale, the chief executive officer now owns 48,200 shares in the company, valued at approximately $4,940,982. The trade was a 7.72 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 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 value of $1,230,464.68. Following the transaction, the senior vice president now owns 1,905 shares of the company’s stock, valued at $220,179.90. This trade represents a 84.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 87,771 shares of company stock worth $9,650,832. 0.87% of the stock is currently owned by insiders.

Ollie’s Bargain Outlet Stock Performance

Shares of OLLI opened at $111.96 on Friday. Ollie’s Bargain Outlet Holdings, Inc. has a 52-week low of $68.05 and a 52-week high of $120.03. The firm has a market cap of $6.86 billion, a price-to-earnings ratio of 33.42, a PEG ratio of 2.81 and a beta of 0.82. The business’s fifty day moving average is $105.76 and its 200-day moving average is $99.03.

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

Analyst Upgrades and Downgrades

OLLI has been the topic of several analyst reports. Wells Fargo & Company upped their target price on Ollie’s Bargain Outlet from $95.00 to $105.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 11th. Truist Financial boosted their price target on Ollie’s Bargain Outlet from $109.00 to $121.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Bank of America raised their target price on shares of Ollie’s Bargain Outlet from $115.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Royal Bank of Canada reiterated an “outperform” rating and issued a $130.00 price target on shares of Ollie’s Bargain Outlet in a research note on Monday, December 23rd. Finally, Citigroup upgraded shares of Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and boosted their price objective for the stock from $64.00 to $133.00 in a research note on Wednesday, December 18th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, Ollie’s Bargain Outlet has an average rating of “Moderate Buy” and an average target price of $118.62.

Ollie’s Bargain Outlet 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.