DAVENPORT & Co LLC Makes New $225,000 Investment in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

DAVENPORT & Co LLC acquired a new position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,049 shares of the company’s stock, valued at approximately $225,000.

Several other institutional investors and hedge funds also recently bought and sold shares of OLLI. Blue Trust Inc. lifted its position in shares of Ollie’s Bargain Outlet by 55.2% during the fourth quarter. Blue Trust Inc. now owns 284 shares of the company’s stock worth $31,000 after purchasing an additional 101 shares during the last quarter. UMB Bank n.a. lifted its position in shares of 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 purchasing an additional 110 shares during the last quarter. Precision Wealth Strategies LLC lifted its position in shares of Ollie’s Bargain Outlet by 3.2% during the fourth quarter. Precision Wealth Strategies LLC now owns 3,889 shares of the company’s stock worth $427,000 after purchasing an additional 119 shares during the last quarter. Trust Point Inc. lifted its position in shares of Ollie’s Bargain Outlet by 1.0% during the third 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 last quarter. Finally, FORA Capital LLC lifted its position in shares of Ollie’s Bargain Outlet by 3.2% during the third quarter. FORA Capital LLC now owns 4,800 shares of the company’s stock worth $467,000 after purchasing an additional 148 shares during the last quarter.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on OLLI shares. StockNews.com downgraded Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research report on Tuesday, February 4th. Craig Hallum lifted their target price on Ollie’s Bargain Outlet from $107.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Piper Sandler lifted their price objective on Ollie’s Bargain Outlet from $107.00 to $126.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Jefferies Financial Group downgraded Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and decreased their price objective for the company from $125.00 to $111.00 in a report on Tuesday, February 4th. Finally, Citigroup upgraded Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and lifted their price objective for the company from $64.00 to $133.00 in a report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $118.07.

Insider Transactions at Ollie’s Bargain Outlet

In related news, CEO John W. Swygert sold 54,318 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $109.44, for a total value of $5,944,561.92. Following the sale, the chief executive officer now owns 48,200 shares in the company, valued at $5,275,008. This represents a 52.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP James J. Comitale sold 5,325 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $113.95, for a total value of $606,783.75. Following the completion of the sale, the senior vice president now owns 3,140 shares in the company, valued at approximately $357,803. This represents a 62.91 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 87,771 shares of company stock worth $9,650,832. Insiders own 0.87% of the company’s stock.

Ollie’s Bargain Outlet Stock Performance

Shares of Ollie’s Bargain Outlet stock opened at $104.71 on Monday. The company has a market capitalization of $6.42 billion, a PE ratio of 31.26, a P/E/G ratio of 2.33 and a beta of 0.81. The company has a 50-day simple moving average of $109.01 and a two-hundred day simple moving average of $99.75. Ollie’s Bargain Outlet Holdings, Inc. has a one year low of $68.05 and a one year high of $120.03.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings results on Tuesday, December 10th. The company reported $0.58 earnings per share 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 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 earned $0.51 earnings per share. The company’s revenue was up 7.8% on a year-over-year basis. On average, equities analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal 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.