Legato Capital Management LLC Boosts Stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Legato Capital Management LLC grew its position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 16.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 18,448 shares of the company’s stock after acquiring an additional 2,580 shares during the period. Legato Capital Management LLC’s holdings in Ollie’s Bargain Outlet were worth $2,024,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of OLLI. Royce & Associates LP increased its position in Ollie’s Bargain Outlet by 161.6% during the 3rd quarter. Royce & Associates LP now owns 75,605 shares of the company’s stock worth $7,349,000 after purchasing an additional 46,706 shares in the last quarter. Oak Thistle LLC purchased a new stake in Ollie’s Bargain Outlet during the fourth quarter worth approximately $1,345,000. JPMorgan Chase & Co. grew its stake in Ollie’s Bargain Outlet by 79.6% during the third quarter. JPMorgan Chase & Co. now owns 189,301 shares of the company’s stock worth $18,400,000 after buying an additional 83,882 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Ollie’s Bargain Outlet by 0.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 753,658 shares of the company’s stock worth $73,256,000 after acquiring an additional 5,438 shares in the last quarter. Finally, Fred Alger Management LLC raised its stake in shares of Ollie’s Bargain Outlet by 12.1% in the 3rd quarter. Fred Alger Management LLC now owns 772,145 shares of the company’s stock valued at $75,052,000 after acquiring an additional 83,063 shares during the period.

Ollie’s Bargain Outlet Trading Up 0.2 %

OLLI stock opened at $103.41 on Wednesday. The company has a market capitalization of $6.34 billion, a P/E ratio of 30.87, a PEG ratio of 2.33 and a beta of 0.81. The firm has a 50 day simple moving average of $109.20 and a 200-day simple moving average of $99.85. Ollie’s Bargain Outlet Holdings, Inc. has a twelve month low of $68.05 and a twelve month high of $120.03.

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, topping the consensus estimate of $0.57 by $0.01. The company had revenue of $517.43 million during the quarter, compared to analyst estimates of $518.83 million. Ollie’s Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period last year, the business earned $0.51 EPS. On average, research analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

Insider Buying and Selling

In other Ollie’s Bargain Outlet news, 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 transaction of $1,230,464.68. Following the sale, the senior vice president now directly owns 1,905 shares of the company’s stock, valued at approximately $220,179.90. This represents a 84.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Thomas Hendrickson sold 6,250 shares of Ollie’s Bargain Outlet stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $114.74, for a total transaction of $717,125.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 87,771 shares of company stock worth $9,650,832. Corporate insiders own 0.87% of the company’s stock.

Wall Street Analysts Forecast Growth

OLLI has been the subject of a number of research reports. Jefferies Financial Group cut shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and decreased their price target for the stock from $125.00 to $111.00 in a research report on Tuesday, February 4th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $130.00 target price on shares of Ollie’s Bargain Outlet in a research report on Monday, December 23rd. Citigroup upgraded Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and raised their target price for the company from $64.00 to $133.00 in a report on Wednesday, December 18th. 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. Finally, Bank of America increased 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 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.