Janney Montgomery Scott LLC Acquires 54,557 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Janney Montgomery Scott LLC raised its position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 671.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 62,679 shares of the company’s stock after purchasing an additional 54,557 shares during the quarter. Janney Montgomery Scott LLC owned 0.10% of Ollie’s Bargain Outlet worth $6,878,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in OLLI. UMB Bank n.a. boosted its position in Ollie’s Bargain Outlet by 25.3% during the fourth quarter. UMB Bank n.a. now owns 545 shares of the company’s stock valued at $60,000 after purchasing an additional 110 shares in the last quarter. Trust Point Inc. increased its stake in shares of Ollie’s Bargain Outlet by 1.0% in the 3rd quarter. Trust Point Inc. now owns 13,184 shares of the company’s stock valued at $1,281,000 after purchasing an additional 134 shares in the last quarter. FORA Capital LLC grew its position in shares of Ollie’s Bargain Outlet by 3.2% in the third quarter. FORA Capital LLC now owns 4,800 shares of the company’s stock valued at $467,000 after purchasing an additional 148 shares during the period. GAMMA Investing LLC boosted 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 during the last quarter. Finally, Farther Finance Advisors LLC boosted its position in Ollie’s Bargain Outlet by 5.6% during the third quarter. Farther Finance Advisors LLC now owns 3,544 shares of the company’s stock worth $344,000 after acquiring an additional 188 shares during the last quarter.

Insider Buying and Selling

In other Ollie’s Bargain Outlet news, Director Thomas Hendrickson sold 6,250 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $114.74, for a total value of $717,125.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO John W. Swygert sold 54,318 shares of the business’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $109.44, for a total transaction of $5,944,561.92. Following the completion of the sale, the chief executive officer now owns 48,200 shares in the company, valued at approximately $5,275,008. This trade represents a 52.98 % 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 worth $9,650,832 over the last quarter. 0.87% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on OLLI. StockNews.com upgraded shares of Ollie’s Bargain Outlet from a “sell” rating to a “hold” rating in a report on Thursday, January 23rd. Loop Capital upped their price objective on 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. Bank of America upped their target price 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. Truist Financial upped their price objective on Ollie’s Bargain Outlet from $109.00 to $121.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $130.00 price target on shares of Ollie’s Bargain Outlet in a report on Monday, December 23rd. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $118.62.

Ollie’s Bargain Outlet Price Performance

Shares of OLLI opened at $113.85 on Wednesday. Ollie’s Bargain Outlet Holdings, Inc. has a 12 month low of $68.05 and a 12 month high of $120.03. The stock’s 50-day moving average is $107.13 and its two-hundred day moving average is $99.30. The stock has a market cap of $6.98 billion, a PE ratio of 33.99, a P/E/G ratio of 2.75 and a beta of 0.82.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings data on Tuesday, December 10th. The company reported $0.58 earnings per share 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 company had revenue of $517.43 million during the quarter, compared to analyst estimates of $518.83 million. During the same period last year, the business earned $0.51 EPS. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. On average, research analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

About Ollie’s Bargain Outlet

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.