C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Invests $1.28 Million in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 11,660 shares of the company’s stock, valued at approximately $1,279,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wilmington Savings Fund Society FSB raised its position in shares of Ollie’s Bargain Outlet by 337.0% during the fourth 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 period. Blue Trust Inc. increased its stake in Ollie’s Bargain Outlet by 55.2% during the 4th quarter. Blue Trust Inc. now owns 284 shares of the company’s stock valued at $31,000 after purchasing an additional 101 shares in the last quarter. UMB Bank n.a. raised its holdings in Ollie’s Bargain Outlet by 25.3% during the fourth quarter. UMB Bank n.a. now owns 545 shares of the company’s stock worth $60,000 after buying an additional 110 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Ollie’s Bargain Outlet by 37.9% in the third quarter. GAMMA Investing LLC now owns 651 shares of the company’s stock valued at $63,000 after buying an additional 179 shares in the last quarter. Finally, Park Place Capital Corp acquired a new position in shares of Ollie’s Bargain Outlet during the fourth quarter valued at about $77,000.

Insider Activity at Ollie’s Bargain Outlet

In related news, Director Thomas Hendrickson sold 6,250 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $114.74, for a total value of $717,125.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO John W. Swygert sold 2,400 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $102.54, for a total transaction of $246,096.00. Following the completion of the transaction, the chief executive officer now owns 48,200 shares of the company’s stock, valued at $4,942,428. This represents a 4.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 87,771 shares of company stock worth $9,650,832. Company insiders own 0.87% of the company’s stock.

Ollie’s Bargain Outlet Stock Down 0.9 %

Ollie’s Bargain Outlet stock opened at $102.47 on Thursday. The firm has a 50 day moving average price of $109.24 and a 200-day moving average price of $99.87. 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 $6.28 billion, a P/E ratio of 30.59, a P/E/G ratio of 2.33 and a beta of 0.81.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings data on Tuesday, December 10th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.01. The business had revenue of $517.43 million during the quarter, compared to analyst estimates of $518.83 million. Ollie’s Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. Ollie’s Bargain Outlet’s revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.51 earnings per share. Equities analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on OLLI shares. Jefferies Financial Group downgraded Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and cut their price target for the company from $125.00 to $111.00 in a research note on Tuesday, February 4th. Wells Fargo & Company lifted 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. Truist Financial upped their price target on Ollie’s Bargain Outlet from $109.00 to $121.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. JPMorgan Chase & Co. raised their price objective on Ollie’s Bargain Outlet from $105.00 to $135.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Finally, Piper Sandler upped their target price on shares of Ollie’s Bargain Outlet from $107.00 to $126.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $118.07.

Ollie’s Bargain Outlet 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.