Royal London Asset Management Ltd. Purchases 4,865 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Royal London Asset Management Ltd. grew its position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 1.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 257,707 shares of the company’s stock after buying an additional 4,865 shares during the period. Royal London Asset Management Ltd.’s holdings in Ollie’s Bargain Outlet were worth $28,278,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Legacy Capital Wealth Partners LLC increased its position in Ollie’s Bargain Outlet by 3.4% during 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 during the period. Blue Trust Inc. increased its position in shares of Ollie’s Bargain Outlet by 55.2% in the fourth quarter. Blue Trust Inc. now owns 284 shares of the company’s stock worth $31,000 after purchasing an additional 101 shares during the period. UMB Bank n.a. increased its position in shares of Ollie’s Bargain Outlet by 25.3% in the fourth quarter. UMB Bank n.a. now owns 545 shares of the company’s stock worth $60,000 after purchasing an additional 110 shares during the period. Precision Wealth Strategies LLC increased its position in shares of 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. increased its position in shares of Ollie’s Bargain Outlet by 14.4% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,098 shares of the company’s stock worth $120,000 after purchasing an additional 138 shares during the period.

Ollie’s Bargain Outlet Trading Up 1.6 %

Shares of OLLI stock opened at $106.88 on Friday. The business’s 50-day moving average price is $105.16 and its 200-day moving average price is $101.52. Ollie’s Bargain Outlet Holdings, Inc. has a 12 month low of $68.05 and a 12 month high of $120.03. The firm has a market capitalization of $6.55 billion, a price-to-earnings ratio of 31.90, a PEG ratio of 2.21 and a beta of 0.83.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings data 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 return on equity of 13.15% and a net margin of 9.22%. The company had revenue of $667.10 million for the quarter, compared to the consensus estimate of $674.61 million. During the same quarter last year, the business earned $1.23 earnings per share. Ollie’s Bargain Outlet’s revenue was up 2.8% compared to the same quarter last year. On average, sell-side analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently commented on OLLI shares. Wells Fargo & Company raised their price target on Ollie’s Bargain Outlet from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 11th. Craig Hallum raised their price target on 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. Jefferies Financial Group lowered 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. Citigroup raised Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and raised their price objective for the company from $64.00 to $133.00 in a research note on Wednesday, December 18th. Finally, Truist Financial raised 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. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $123.08.

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.