2,000 Shares in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Acquired by Thrive Wealth Management LLC

Thrive Wealth Management LLC acquired a new stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 2,000 shares of the company’s stock, valued at approximately $219,000.

Several other large investors have also modified their holdings of the company. GAMMA Investing LLC increased its stake in Ollie’s Bargain Outlet by 37.9% in the third quarter. GAMMA Investing LLC now owns 651 shares of the company’s stock valued at $63,000 after purchasing an additional 179 shares during the period. Eagle Bay Advisors LLC acquired a new position in Ollie’s Bargain Outlet in the 4th quarter valued at about $79,000. Northwest & Ethical Investments L.P. purchased a new stake in Ollie’s Bargain Outlet during the 3rd quarter valued at approximately $117,000. LRI Investments LLC lifted its position in Ollie’s Bargain Outlet by 2,356.1% during the 3rd quarter. LRI Investments LLC now owns 1,400 shares of the company’s stock worth $130,000 after acquiring an additional 1,343 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Ollie’s Bargain Outlet in the 3rd quarter valued at approximately $151,000.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Royal Bank of Canada restated an “outperform” rating and set a $130.00 price target on shares of Ollie’s Bargain Outlet in a research note on Monday, December 23rd. Piper Sandler upped their price objective on shares of Ollie’s Bargain Outlet from $107.00 to $126.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Truist Financial lifted their target price on shares of Ollie’s Bargain Outlet from $109.00 to $121.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Citigroup upgraded shares of Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and boosted their price target for the stock from $64.00 to $133.00 in a research note on Wednesday, December 18th. Finally, Bank of America lifted their price objective on Ollie’s Bargain Outlet from $115.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, Ollie’s Bargain Outlet presently has a consensus rating of “Moderate Buy” and a consensus target price of $118.62.

Ollie’s Bargain Outlet Stock Performance

Shares of OLLI stock opened at $106.86 on Tuesday. The stock has a market cap of $6.55 billion, a PE ratio of 31.90, a P/E/G ratio of 2.63 and a beta of 0.82. Ollie’s Bargain Outlet Holdings, Inc. has a 1 year low of $68.05 and a 1 year high of $120.03. The stock has a fifty day moving average price of $104.56 and a 200 day moving average price of $98.75.

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

Insider Transactions at Ollie’s Bargain Outlet

In related news, CEO John W. Swygert sold 4,800 shares of the stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $102.60, for a total transaction of $492,480.00. Following the sale, the chief executive officer now owns 48,200 shares of the company’s stock, valued at $4,945,320. This trade represents a 9.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Larry Kraus sold 10,646 shares of the business’s stock in a transaction dated 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 completion of the transaction, the senior vice president now directly owns 1,905 shares of the company’s stock, valued at $220,179.90. The trade was a 84.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 87,771 shares of company stock valued at $9,650,832 in the last ninety days. Corporate insiders own 0.87% of the company’s stock.

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.