Hantz Financial Services Inc. Takes Position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Hantz Financial Services Inc. acquired a new stake in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 100,290 shares of the company’s stock, valued at approximately $11,005,000. Hantz Financial Services Inc. owned approximately 0.16% of Ollie’s Bargain Outlet at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Hsbc Holdings PLC raised its stake in shares of Ollie’s Bargain Outlet by 26.4% during the second quarter. Hsbc Holdings PLC now owns 5,297 shares of the company’s stock valued at $518,000 after acquiring an additional 1,106 shares in the last quarter. Bank of Montreal Can raised its position in Ollie’s Bargain Outlet by 2.4% during the 2nd quarter. Bank of Montreal Can now owns 8,319 shares of the company’s stock valued at $820,000 after purchasing an additional 195 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Ollie’s Bargain Outlet in the 2nd quarter worth $560,000. Algert Global LLC grew its position in shares of Ollie’s Bargain Outlet by 12.9% during the 2nd quarter. Algert Global LLC now owns 6,180 shares of the company’s stock worth $607,000 after buying an additional 708 shares in the last quarter. Finally, Wallace Advisory Group LLC purchased a new position in shares of Ollie’s Bargain Outlet during the second quarter valued at $303,000.

Wall Street Analysts Forecast Growth

OLLI has been the topic of several recent research reports. Royal Bank of Canada reiterated an “outperform” rating and set a $130.00 target price on shares of Ollie’s Bargain Outlet in a report on Monday, December 23rd. Loop Capital lifted their price objective on shares of Ollie’s Bargain Outlet from $120.00 to $130.00 and gave the company a “buy” rating in a report on Monday, December 23rd. Wells Fargo & Company increased their target price on 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. Bank of America upped their price objective on 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, StockNews.com upgraded shares of Ollie’s Bargain Outlet from a “sell” rating to a “hold” rating in a report on Thursday, January 23rd. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $118.62.

Insider Transactions at Ollie’s Bargain Outlet

In other news, SVP Larry Kraus sold 10,646 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $115.58, for a total value of $1,230,464.68. Following the sale, the senior vice president now owns 1,905 shares in the company, valued at $220,179.90. This represents a 84.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John W. Swygert sold 54,318 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $109.44, for a total value of $5,944,561.92. Following the transaction, the chief executive officer now owns 48,200 shares of the company’s stock, valued at approximately $5,275,008. This represents a 52.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 87,771 shares of company stock worth $9,650,832 over the last 90 days. 0.87% of the stock is currently owned by company insiders.

Ollie’s Bargain Outlet Trading Up 0.7 %

NASDAQ OLLI opened at $113.85 on Wednesday. The stock has a market cap of $6.98 billion, a P/E ratio of 33.99, a P/E/G ratio of 2.75 and a beta of 0.82. Ollie’s Bargain Outlet Holdings, Inc. has a 12-month low of $68.05 and a 12-month high of $120.03. The company has a fifty day simple moving average of $107.13 and a two-hundred day simple moving average of $99.30.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings results on Tuesday, December 10th. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.57 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 $517.43 million during the quarter, compared to analysts’ expectations of $518.83 million. During the same quarter in the previous year, the firm posted $0.51 EPS. The firm’s revenue was up 7.8% compared to the same quarter last year. As a group, sell-side analysts forecast 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.