Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Shares Acquired by Swiss National Bank

Swiss National Bank grew its position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 0.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 120,600 shares of the company’s stock after purchasing an additional 1,100 shares during the period. Swiss National Bank owned approximately 0.20% of Ollie’s Bargain Outlet worth $13,233,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in OLLI. Legacy Capital Wealth Partners LLC grew its holdings in Ollie’s Bargain Outlet by 3.4% in the 4th quarter. Legacy Capital Wealth Partners LLC now owns 2,834 shares of the company’s stock worth $311,000 after buying an additional 94 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Ollie’s Bargain Outlet by 55.2% during the fourth quarter. Blue Trust Inc. now owns 284 shares of the company’s stock valued at $31,000 after purchasing an additional 101 shares during the period. UMB Bank n.a. raised its stake in shares of 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. Precision Wealth Strategies LLC lifted its holdings in Ollie’s Bargain Outlet by 3.2% in the fourth quarter. Precision Wealth Strategies LLC now owns 3,889 shares of the company’s stock worth $427,000 after purchasing an additional 119 shares during the period. Finally, SRS Capital Advisors Inc. grew its position in Ollie’s Bargain Outlet by 14.4% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,098 shares of the company’s stock valued at $120,000 after buying an additional 138 shares in the last quarter.

Wall Street Analysts Forecast Growth

OLLI has been the subject of a number of research analyst reports. Royal Bank of Canada upped their price target on shares of Ollie’s Bargain Outlet from $130.00 to $133.00 and gave the stock an “outperform” rating in a research note on Friday, March 7th. Bank of America increased their price target on 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. Truist Financial boosted their price objective on Ollie’s Bargain Outlet from $109.00 to $121.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. StockNews.com cut Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research note on Tuesday, February 4th. Finally, Jefferies Financial Group cut shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and dropped their price target for the stock from $125.00 to $111.00 in a research report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $118.29.

Ollie’s Bargain Outlet Stock Performance

Shares of NASDAQ:OLLI opened at $107.94 on Thursday. The firm has a 50 day simple moving average of $105.13 and a 200 day simple moving average of $101.38. Ollie’s Bargain Outlet Holdings, Inc. has a 52 week low of $68.05 and a 52 week high of $120.03. The company has a market cap of $6.61 billion, a PE ratio of 32.22, a price-to-earnings-growth ratio of 2.21 and a beta of 0.83.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its earnings results on Wednesday, March 19th. The company reported $1.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.20 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 $667.10 million during the quarter, compared to analysts’ expectations of $674.61 million. During the same quarter in the previous year, the company earned $1.23 EPS. Ollie’s Bargain Outlet’s revenue for the quarter was up 2.8% on a year-over-year basis. On average, equities analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

Ollie’s Bargain Outlet Company 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.