Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Stake Boosted by Savant Capital LLC

Savant Capital LLC raised its holdings in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 2.6% in the 4th quarter, Holdings Channel reports. The firm owned 22,238 shares of the company’s stock after purchasing an additional 553 shares during the quarter. Savant Capital LLC’s holdings in Ollie’s Bargain Outlet were worth $2,440,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of OLLI. Wilmington Savings Fund Society FSB raised its position in shares of Ollie’s Bargain Outlet by 337.0% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 236 shares of the company’s stock worth $26,000 after purchasing an additional 182 shares during the period. Blue Trust Inc. grew its stake in Ollie’s Bargain Outlet by 55.2% during the 4th quarter. Blue Trust Inc. now owns 284 shares of the company’s stock worth $31,000 after buying an additional 101 shares during the last quarter. UMB Bank n.a. increased its position in Ollie’s Bargain Outlet by 25.3% in the fourth quarter. UMB Bank n.a. now owns 545 shares of the company’s stock worth $60,000 after buying an additional 110 shares during the period. GAMMA Investing LLC increased its position in Ollie’s Bargain Outlet by 37.9% in the third quarter. GAMMA Investing LLC now owns 651 shares of the company’s stock worth $63,000 after buying an additional 179 shares during the period. Finally, Park Place Capital Corp bought a new stake in Ollie’s Bargain Outlet in the fourth quarter valued at $77,000.

Insiders Place Their Bets

In related news, CEO John W. Swygert sold 4,032 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $102.51, for a total value of $413,320.32. Following the completion of the transaction, the chief executive officer now owns 48,200 shares in the company, valued at $4,940,982. This trade represents a 7.72 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through 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 stock was sold at an average price of $114.74, for a total value of $717,125.00. 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. 0.87% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on OLLI. Jefferies Financial Group cut shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $125.00 to $111.00 in a report on Tuesday, February 4th. Piper Sandler raised their price target on shares of Ollie’s Bargain Outlet from $107.00 to $126.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Loop Capital boosted their price objective 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. Wells Fargo & Company raised their target price on Ollie’s Bargain Outlet from $95.00 to $105.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 11th. Finally, StockNews.com downgraded Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research note on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $118.07.

Ollie’s Bargain Outlet Stock Down 0.9 %

NASDAQ:OLLI opened at $102.47 on Thursday. The business’s 50-day moving average price is $109.24 and its 200 day moving average price is $99.87. Ollie’s Bargain Outlet Holdings, Inc. has a 52-week low of $68.05 and a 52-week high of $120.03. The firm has a market cap of $6.28 billion, a P/E ratio of 30.59, a PEG ratio of 2.33 and a beta of 0.81.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings data on Tuesday, December 10th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $517.43 million for the quarter, compared to analysts’ expectations of $518.83 million. During the same quarter in the previous year, the company posted $0.51 EPS. The business’s revenue was up 7.8% compared to the same quarter last year. Sell-side analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

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.