Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Stock Holdings Lifted by Norden Group LLC

Norden Group LLC lifted its position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 44.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,868 shares of the company’s stock after acquiring an additional 7,594 shares during the period. Norden Group LLC’s holdings in Ollie’s Bargain Outlet were worth $2,729,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in OLLI. Congress Asset Management Co. increased its position in shares of Ollie’s Bargain Outlet by 181.6% in the fourth quarter. Congress Asset Management Co. now owns 1,916,584 shares of the company’s stock worth $210,307,000 after acquiring an additional 1,235,994 shares in the last quarter. Stephens Investment Management Group LLC purchased a new position in Ollie’s Bargain Outlet during the fourth quarter valued at approximately $78,356,000. Holocene Advisors LP grew its position in Ollie’s Bargain Outlet by 10,159.3% during the third quarter. Holocene Advisors LP now owns 471,413 shares of the company’s stock valued at $45,821,000 after purchasing an additional 466,818 shares in the last quarter. Wellington Management Group LLP grew its position in Ollie’s Bargain Outlet by 155.8% during the third quarter. Wellington Management Group LLP now owns 483,044 shares of the company’s stock valued at $46,952,000 after purchasing an additional 294,217 shares in the last quarter. Finally, Loomis Sayles & Co. L P purchased a new position in Ollie’s Bargain Outlet during the third quarter valued at approximately $16,590,000.

Ollie’s Bargain Outlet Trading Up 4.4 %

Shares of Ollie’s Bargain Outlet stock opened at $103.51 on Friday. The firm has a fifty day simple moving average of $107.43 and a 200-day simple moving average of $100.62. Ollie’s Bargain Outlet Holdings, Inc. has a 1-year low of $68.05 and a 1-year high of $120.03. The stock has a market capitalization of $6.34 billion, a price-to-earnings ratio of 30.90, a PEG ratio of 2.21 and a beta of 0.81.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its earnings results on Tuesday, December 10th. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $518.83 million. During the same quarter in the previous year, the firm posted $0.51 earnings per share. Ollie’s Bargain Outlet’s revenue was up 7.8% compared to the same quarter last year. As a group, research analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

Insider Buying and Selling

In other news, SVP Larry Kraus sold 10,646 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were 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 of the company’s stock, valued at approximately $220,179.90. This represents a 84.82 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John W. Swygert sold 2,400 shares of the company’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $102.54, for a total transaction of $246,096.00. Following the completion of the sale, the chief executive officer now directly owns 48,200 shares in the company, valued at approximately $4,942,428. The trade was a 4.74 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 78,939 shares of company stock valued at $8,745,031. 0.87% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Loop Capital boosted 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 research report on Monday, December 23rd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $130.00 price objective on shares of Ollie’s Bargain Outlet in a research report on Monday, December 23rd. JPMorgan Chase & Co. boosted their price objective 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. Jefferies Financial Group downgraded shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and lowered their price objective for the company from $125.00 to $111.00 in a research report on Tuesday, February 4th. Finally, Bank of America boosted their price objective on shares of Ollie’s Bargain Outlet from $115.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, Ollie’s Bargain Outlet has a consensus rating of “Moderate Buy” and a consensus price target of $118.07.

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.