Charles Schwab Investment Management Inc. Has $82.96 Million Stock Position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Charles Schwab Investment Management Inc. boosted its position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 0.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 756,051 shares of the company’s stock after purchasing an additional 2,393 shares during the period. Charles Schwab Investment Management Inc. owned about 1.23% of Ollie’s Bargain Outlet worth $82,961,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of OLLI. Janney Montgomery Scott LLC lifted its position in Ollie’s Bargain Outlet by 5.2% during the third quarter. Janney Montgomery Scott LLC now owns 8,122 shares of the company’s stock worth $789,000 after acquiring an additional 402 shares during the last quarter. Crossmark Global Holdings Inc. lifted its position in Ollie’s Bargain Outlet by 10.0% during the third quarter. Crossmark Global Holdings Inc. now owns 4,406 shares of the company’s stock worth $428,000 after acquiring an additional 400 shares during the last quarter. Chartwell Investment Partners LLC lifted its position in Ollie’s Bargain Outlet by 50.7% during the third quarter. Chartwell Investment Partners LLC now owns 12,212 shares of the company’s stock worth $1,187,000 after acquiring an additional 4,111 shares during the last quarter. WCM Investment Management LLC lifted its position in Ollie’s Bargain Outlet by 4.4% during the third quarter. WCM Investment Management LLC now owns 200,429 shares of the company’s stock worth $19,438,000 after acquiring an additional 8,420 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its position in Ollie’s Bargain Outlet by 84.8% during the third quarter. Victory Capital Management Inc. now owns 313,836 shares of the company’s stock worth $30,505,000 after acquiring an additional 143,996 shares during the last quarter.

Wall Street Analysts Forecast Growth

OLLI has been the subject of several research reports. Craig Hallum raised their price objective on shares of Ollie’s Bargain Outlet from $107.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Royal Bank of Canada raised their price objective on shares of Ollie’s Bargain Outlet from $130.00 to $133.00 and gave the stock an “outperform” rating in a research report on Friday. JPMorgan Chase & Co. raised their target price on shares of Ollie’s Bargain Outlet from $105.00 to $135.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Jefferies Financial Group cut shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and lowered their target price for the stock from $125.00 to $111.00 in a report on Tuesday, February 4th. Finally, Bank of America raised their target price on shares of Ollie’s Bargain Outlet from $115.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, Ollie’s Bargain Outlet currently has an average rating of “Moderate Buy” and an average price target of $118.29.

Ollie’s Bargain Outlet Price Performance

Shares of NASDAQ:OLLI opened at $98.77 on Tuesday. The company’s 50 day simple moving average is $105.99 and its 200 day simple moving average is $100.99. The stock has a market capitalization of $6.05 billion, a price-to-earnings ratio of 29.48, a price-to-earnings-growth ratio of 2.21 and a beta of 0.83. Ollie’s Bargain Outlet Holdings, Inc. has a 1 year low of $68.05 and a 1 year high of $120.03.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings data on Tuesday, December 10th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. The business had revenue of $517.43 million for the quarter, compared to analysts’ expectations 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 firm posted $0.51 earnings per share. As a group, analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

Insiders Place Their Bets

In other Ollie’s Bargain Outlet news, SVP Larry Kraus sold 10,646 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $115.58, for a total transaction of $1,230,464.68. Following the sale, the senior vice president now owns 1,905 shares of the company’s stock, valued at approximately $220,179.90. The trade was a 84.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Thomas Hendrickson sold 6,250 shares of the business’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $114.74, for a total transaction of $717,125.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 22,221 shares of company stock valued at $2,554,373. 0.87% of the stock is currently owned by insiders.

Ollie’s Bargain Outlet 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.