Wedmont Private Capital Invests $212,000 in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Wedmont Private Capital bought a new stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 1,995 shares of the company’s stock, valued at approximately $212,000.

Other large investors have also added to or reduced their stakes in the company. Trust Point Inc. grew its position in shares of Ollie’s Bargain Outlet by 1.0% in the 3rd quarter. Trust Point Inc. now owns 13,184 shares of the company’s stock worth $1,281,000 after buying an additional 134 shares during the last quarter. FORA Capital LLC grew its stake in Ollie’s Bargain Outlet by 3.2% during the 3rd quarter. FORA Capital LLC now owns 4,800 shares of the company’s stock valued at $467,000 after purchasing an additional 148 shares during the last quarter. GAMMA Investing LLC increased its holdings 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 purchasing an additional 179 shares during the period. Farther Finance Advisors LLC raised its holdings in shares of Ollie’s Bargain Outlet by 5.6% during the third quarter. Farther Finance Advisors LLC now owns 3,544 shares of the company’s stock worth $344,000 after purchasing an additional 188 shares during the last quarter. Finally, Bank of Montreal Can raised its position in Ollie’s Bargain Outlet by 2.4% during the second quarter. Bank of Montreal Can now owns 8,319 shares of the company’s stock valued at $820,000 after acquiring an additional 195 shares in the last quarter.

Analysts Set New Price Targets

A number of equities analysts have issued reports on OLLI shares. Loop Capital increased their price target on 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. Craig Hallum boosted their price target on shares of Ollie’s Bargain Outlet from $107.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. StockNews.com lowered shares of Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a report on Wednesday. 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. Finally, JPMorgan Chase & Co. increased 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. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, Ollie’s Bargain Outlet has a consensus rating of “Moderate Buy” and a consensus target price of $118.62.

Insider Activity

In related news, Director Thomas Hendrickson sold 6,250 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $114.74, for a total transaction of $717,125.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Larry Kraus sold 10,646 shares of the stock in a transaction on 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 in the company, valued at approximately $220,179.90. This trade represents a 84.82 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders 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 Performance

Shares of OLLI opened at $106.86 on Friday. The firm has a 50-day simple moving average of $104.39 and a 200-day simple moving average of $98.66. 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 company has a market capitalization of $6.55 billion, a price-to-earnings ratio of 31.90, a price-to-earnings-growth ratio of 2.63 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 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. The firm had revenue of $517.43 million for the quarter, compared to the consensus estimate of $518.83 million. Ollie’s Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.51 earnings per share. Equities research analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS 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.