Legato Capital Management LLC Raises Holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Legato Capital Management LLC increased its position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 16.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 18,448 shares of the company’s stock after purchasing an additional 2,580 shares during the period. Legato Capital Management LLC’s holdings in Ollie’s Bargain Outlet were worth $2,024,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Sanctuary Advisors LLC purchased a new stake in Ollie’s Bargain Outlet in the second quarter valued at approximately $298,000. GAMMA Investing LLC increased its holdings in shares of Ollie’s Bargain Outlet by 37.9% in the 3rd quarter. GAMMA Investing LLC now owns 651 shares of the company’s stock valued at $63,000 after acquiring an additional 179 shares during the period. Inspire Investing LLC raised its position in Ollie’s Bargain Outlet by 18.8% in the 3rd quarter. Inspire Investing LLC now owns 4,241 shares of the company’s stock valued at $412,000 after purchasing an additional 672 shares during the last quarter. Trust Point Inc. boosted its stake in Ollie’s Bargain Outlet by 1.0% during the 3rd quarter. Trust Point Inc. now owns 13,184 shares of the company’s stock worth $1,281,000 after purchasing an additional 134 shares during the period. Finally, International Assets Investment Management LLC grew its position in Ollie’s Bargain Outlet by 7,676.0% during the 3rd quarter. International Assets Investment Management LLC now owns 19,440 shares of the company’s stock worth $1,890,000 after purchasing an additional 19,190 shares during the last quarter.

Ollie’s Bargain Outlet Stock Up 0.2 %

Shares of OLLI stock opened at $103.41 on Wednesday. Ollie’s Bargain Outlet Holdings, Inc. has a fifty-two week low of $68.05 and a fifty-two week high of $120.03. The business has a fifty day simple moving average of $109.20 and a 200-day simple moving average of $99.85. The stock has a market cap of $6.34 billion, a P/E ratio of 30.87, a P/E/G ratio of 2.33 and a beta of 0.81.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its earnings results on Tuesday, December 10th. The company reported $0.58 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $517.43 million for the quarter, compared to analyst estimates of $518.83 million. During the same quarter in the prior year, the company earned $0.51 EPS. Ollie’s Bargain Outlet’s revenue was up 7.8% on a year-over-year basis. On average, sell-side analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Truist Financial boosted their price target on Ollie’s Bargain Outlet from $109.00 to $121.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Bank of America boosted their target price on Ollie’s Bargain Outlet from $115.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Citigroup raised Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and increased their price target for the stock from $64.00 to $133.00 in a report on Wednesday, December 18th. Wells Fargo & Company boosted 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 note on Wednesday, December 11th. Finally, Loop Capital upped their price objective on shares of Ollie’s Bargain Outlet from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $118.07.

Insiders Place Their Bets

In other news, Director Thomas Hendrickson sold 6,250 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $114.74, for a total transaction of $717,125.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP James J. Comitale sold 5,325 shares of the stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $113.95, for a total value of $606,783.75. Following the transaction, the senior vice president now owns 3,140 shares in the company, valued at $357,803. This trade represents a 62.91 % 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 valued at $9,650,832 in the last ninety days. Insiders own 0.87% of the company’s stock.

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.