2,175 Shares in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Purchased by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC bought a new position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,175 shares of the company’s stock, valued at approximately $239,000.

Several other institutional investors and hedge funds have also made changes to their positions in OLLI. Wilmington Savings Fund Society FSB boosted its holdings in shares of Ollie’s Bargain Outlet by 337.0% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 236 shares of the company’s stock worth $26,000 after purchasing an additional 182 shares during the last quarter. Bogart Wealth LLC acquired a new position in shares of Ollie’s Bargain Outlet during the 4th quarter worth approximately $26,000. Blue Trust Inc. boosted its holdings in shares of Ollie’s Bargain Outlet by 55.2% during the 4th quarter. Blue Trust Inc. now owns 284 shares of the company’s stock worth $31,000 after purchasing an additional 101 shares during the last quarter. Tortoise Investment Management LLC acquired a new position in shares of Ollie’s Bargain Outlet during the 4th quarter worth approximately $45,000. Finally, Arcadia Investment Management Corp MI acquired a new position in shares of Ollie’s Bargain Outlet during the 4th quarter worth approximately $58,000.

Analyst Ratings Changes

OLLI has been the topic of several recent research reports. Bank of America boosted their target price on Ollie’s Bargain Outlet from $115.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. UBS Group lifted their price target on shares of Ollie’s Bargain Outlet from $117.00 to $123.00 and gave the company a “neutral” rating in a research report on Thursday. JPMorgan Chase & Co. lifted their price target on shares of Ollie’s Bargain Outlet from $105.00 to $135.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. StockNews.com lowered shares of Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research report on Tuesday, February 4th. Finally, Royal Bank of Canada lifted their price target on shares of Ollie’s Bargain Outlet from $130.00 to $133.00 and gave the company an “outperform” rating in a research report on Friday, March 7th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $123.08.

Ollie’s Bargain Outlet Stock Up 1.6 %

Shares of NASDAQ OLLI opened at $106.88 on Friday. The firm has a market cap 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 Holdings, Inc. has a 52-week low of $68.05 and a 52-week high of $120.03. The business’s 50 day moving average is $105.16 and its two-hundred day moving average is $101.61.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings results on Wednesday, March 19th. The company reported $1.19 EPS for the quarter, missing the consensus estimate of $1.20 by ($0.01). The business had revenue of $667.10 million during the quarter, compared to analyst estimates of $674.61 million. Ollie’s Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The business’s revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.23 EPS. Analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

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.