Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Shares Purchased by Blue Trust Inc.

Blue Trust Inc. raised its holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 55.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 284 shares of the company’s stock after acquiring an additional 101 shares during the period. Blue Trust Inc.’s holdings in Ollie’s Bargain Outlet were worth $31,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Kingswood Wealth Advisors LLC purchased a new position in Ollie’s Bargain Outlet in the fourth quarter valued at approximately $278,000. Tributary Capital Management LLC lifted its holdings in shares of Ollie’s Bargain Outlet by 1.7% during the 4th quarter. Tributary Capital Management LLC now owns 284,351 shares of the company’s stock valued at $31,202,000 after acquiring an additional 4,787 shares in the last quarter. Exchange Traded Concepts LLC boosted its position in Ollie’s Bargain Outlet by 2.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 8,570 shares of the company’s stock worth $940,000 after purchasing an additional 215 shares during the period. Janney Montgomery Scott LLC increased its holdings in Ollie’s Bargain Outlet by 671.7% in the 4th quarter. Janney Montgomery Scott LLC now owns 62,679 shares of the company’s stock valued at $6,878,000 after purchasing an additional 54,557 shares in the last quarter. Finally, Park Place Capital Corp purchased a new position in Ollie’s Bargain Outlet in the fourth quarter valued at about $77,000.

Insider Activity

In other news, SVP James J. Comitale sold 5,325 shares of Ollie’s Bargain Outlet stock in a transaction dated 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 transaction, the senior vice president now directly owns 3,140 shares of the company’s stock, valued at approximately $357,803. The trade was a 62.91 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO John W. Swygert sold 54,318 shares of the stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $109.44, for a total transaction of $5,944,561.92. Following the sale, the chief executive officer now owns 48,200 shares in the company, valued at approximately $5,275,008. This trade represents a 52.98 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 87,771 shares of company stock worth $9,650,832. 0.87% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on OLLI. 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 upped their price target on Ollie’s Bargain Outlet from $107.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. 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. Wells Fargo & Company boosted their target price on shares of Ollie’s Bargain Outlet from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 11th. Finally, Citigroup raised shares of Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and raised their price target 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 issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, Ollie’s Bargain Outlet has an average rating of “Moderate Buy” and an average target price of $118.07.

Ollie’s Bargain Outlet Price Performance

Shares of OLLI stock opened at $103.25 on Tuesday. The firm has a fifty day moving average of $109.07 and a two-hundred day moving average of $99.80. The firm has a market cap of $6.33 billion, a P/E ratio of 30.82, a P/E/G ratio of 2.33 and a beta of 0.81. Ollie’s Bargain Outlet Holdings, Inc. has a 1-year low of $68.05 and a 1-year high of $120.03.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings results on Tuesday, December 10th. The company reported $0.58 EPS 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 during the quarter, compared to the consensus estimate of $518.83 million. During the same period last year, the firm earned $0.51 earnings per share. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. On average, sell-side analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

About Ollie’s Bargain Outlet

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.