Truist Financial Corp Has $5.51 Million Stock Position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Truist Financial Corp increased its holdings in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 195.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 50,187 shares of the company’s stock after purchasing an additional 33,185 shares during the period. Truist Financial Corp owned approximately 0.08% of Ollie’s Bargain Outlet worth $5,507,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB grew its stake in Ollie’s Bargain Outlet by 337.0% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 236 shares of the company’s stock valued at $26,000 after acquiring an additional 182 shares during the period. Bogart Wealth LLC acquired a new stake in Ollie’s Bargain Outlet in the fourth quarter valued at approximately $26,000. Blue Trust Inc. grew its stake in Ollie’s Bargain Outlet by 55.2% in the fourth quarter. Blue Trust Inc. now owns 284 shares of the company’s stock valued at $31,000 after acquiring an additional 101 shares during the period. UMB Bank n.a. grew its stake in Ollie’s Bargain Outlet by 25.3% in the fourth quarter. UMB Bank n.a. now owns 545 shares of the company’s stock valued at $60,000 after acquiring an additional 110 shares during the period. Finally, Park Place Capital Corp acquired a new stake in Ollie’s Bargain Outlet in the fourth quarter valued at approximately $77,000.

Analysts Set New Price Targets

A number of equities research analysts have commented on OLLI shares. Craig Hallum raised their price objective on 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. Jefferies Financial Group cut Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and reduced their price objective for the company from $125.00 to $111.00 in a research note on Tuesday, February 4th. Wells Fargo & Company raised their price objective on 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. Royal Bank of Canada reissued an “outperform” rating and issued a $130.00 price objective on shares of Ollie’s Bargain Outlet in a research note on Monday, December 23rd. Finally, Truist Financial raised their target price on Ollie’s Bargain Outlet from $109.00 to $121.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Ollie’s Bargain Outlet presently has a consensus rating of “Moderate Buy” and an average target price of $118.07.

Ollie’s Bargain Outlet Stock Performance

Shares of NASDAQ:OLLI opened at $96.78 on Friday. Ollie’s Bargain Outlet Holdings, Inc. has a fifty-two week low of $68.05 and a fifty-two week high of $120.03. The company’s 50-day moving average is $109.04 and its 200 day moving average is $100.29. The company has a market capitalization of $5.93 billion, a P/E ratio of 28.89, a price-to-earnings-growth ratio of 2.21 and a beta of 0.81.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its 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 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 net margin of 9.22% and a return on equity of 13.15%. The company’s revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.51 EPS. As a group, research analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

Insider Buying and Selling at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, SVP James J. Comitale sold 5,325 shares of the business’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $113.95, for a total value of $606,783.75. Following the sale, the senior vice president now directly owns 3,140 shares in the company, valued at $357,803. The trade was a 62.91 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO John W. Swygert sold 4,032 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $102.51, for a total value of $413,320.32. Following the completion of 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 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 ninety days. 0.87% of the stock is currently owned by company insiders.

About Ollie’s Bargain Outlet

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.