Oak Thistle LLC Purchases Shares of 12,258 Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Oak Thistle LLC acquired a new position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 12,258 shares of the company’s stock, valued at approximately $1,345,000.

Several other hedge funds and other institutional investors have also modified their holdings of OLLI. Commonwealth Equity Services LLC raised its holdings in Ollie’s Bargain Outlet by 6.1% in the second quarter. Commonwealth Equity Services LLC now owns 7,574 shares of the company’s stock valued at $744,000 after buying an additional 433 shares during the period. Federated Hermes Inc. lifted its holdings in shares of Ollie’s Bargain Outlet by 25.2% during the 2nd quarter. Federated Hermes Inc. now owns 27,889 shares of the company’s stock valued at $2,738,000 after acquiring an additional 5,618 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its position in Ollie’s Bargain Outlet by 32.3% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 36,665 shares of the company’s stock worth $3,599,000 after purchasing an additional 8,948 shares during the period. Envestnet Asset Management Inc. increased its holdings in Ollie’s Bargain Outlet by 6.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 237,267 shares of the company’s stock valued at $23,292,000 after purchasing an additional 13,460 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its position in Ollie’s Bargain Outlet by 8.9% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 4,392 shares of the company’s stock valued at $431,000 after purchasing an additional 359 shares during the period.

Insider Buying and Selling

In other Ollie’s Bargain Outlet news, 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO John W. Swygert sold 4,032 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $102.51, for a total transaction of $413,320.32. Following the completion of the transaction, the chief executive officer now owns 48,200 shares of the company’s stock, valued at approximately $4,940,982. This trade represents a 7.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 90,172 shares of company stock worth $9,878,158 in the last three months. 0.87% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on OLLI shares. StockNews.com upgraded Ollie’s Bargain Outlet from a “sell” rating to a “hold” rating in a report on Saturday, December 28th. Piper Sandler lifted their price objective on shares of Ollie’s Bargain Outlet from $107.00 to $126.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Craig Hallum upped their target price on shares of 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. Bank of America lifted their price target on shares of Ollie’s Bargain Outlet from $115.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Finally, Wells Fargo & Company upped their price objective on shares of Ollie’s Bargain Outlet from $95.00 to $105.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 11th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Ollie’s Bargain Outlet has an average rating of “Moderate Buy” and an average price target of $118.62.

Ollie’s Bargain Outlet Trading Down 1.6 %

Shares of NASDAQ OLLI opened at $99.63 on Wednesday. The business has a 50 day simple moving average of $104.01 and a 200-day simple moving average of $98.56. Ollie’s Bargain Outlet Holdings, Inc. has a twelve month low of $68.05 and a twelve month high of $120.03. The company has a market capitalization of $6.11 billion, a price-to-earnings ratio of 29.74, a price-to-earnings-growth ratio of 2.79 and a beta of 0.82.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings results on Tuesday, December 10th. The company reported $0.58 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $518.83 million. During the same period in the previous year, the business posted $0.51 EPS. The company’s quarterly revenue was up 7.8% on a year-over-year basis. As a group, 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 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.