C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Invests $1.28 Million in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 11,660 shares of the company’s stock, valued at approximately $1,279,000.

A number of other hedge funds have also recently made changes to their positions in the company. Van ECK Associates Corp boosted its position in shares of Ollie’s Bargain Outlet by 36.5% during the 4th quarter. Van ECK Associates Corp now owns 46,659 shares of the company’s stock valued at $5,120,000 after acquiring an additional 12,476 shares during the last quarter. Legato Capital Management LLC raised its stake in Ollie’s Bargain Outlet by 16.3% in the fourth quarter. Legato Capital Management LLC now owns 18,448 shares of the company’s stock valued at $2,024,000 after purchasing an additional 2,580 shares in the last quarter. Savant Capital LLC lifted its position in Ollie’s Bargain Outlet by 2.6% during the fourth quarter. Savant Capital LLC now owns 22,238 shares of the company’s stock valued at $2,440,000 after purchasing an additional 553 shares during the last quarter. Stephens Inc. AR purchased a new position in Ollie’s Bargain Outlet in the 4th quarter worth approximately $439,000. Finally, Stephens Investment Management Group LLC bought a new position in shares of Ollie’s Bargain Outlet in the 4th quarter worth $78,356,000.

Ollie’s Bargain Outlet Stock Down 0.9 %

NASDAQ:OLLI opened at $102.47 on Thursday. The firm has a market capitalization of $6.28 billion, a P/E ratio of 30.59, a P/E/G ratio of 2.33 and a beta of 0.81. The company has a fifty day moving average of $109.24 and a 200 day moving average of $99.87. Ollie’s Bargain Outlet Holdings, Inc. has a 52 week low of $68.05 and a 52 week high of $120.03.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings data on Tuesday, December 10th. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.57 by $0.01. The firm had revenue of $517.43 million during the quarter, compared to the consensus estimate of $518.83 million. Ollie’s Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.51 earnings per share. As a group, analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on OLLI. Wells Fargo & Company lifted their price objective on shares of Ollie’s Bargain Outlet from $95.00 to $105.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 11th. Loop Capital lifted their price target on Ollie’s Bargain Outlet from $120.00 to $130.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. Piper Sandler increased their price objective on Ollie’s Bargain Outlet from $107.00 to $126.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. StockNews.com cut Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a report on Tuesday, February 4th. Finally, Bank of America upped their target price on Ollie’s Bargain Outlet from $115.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, Ollie’s Bargain Outlet currently has an average rating of “Moderate Buy” and a consensus price target of $118.07.

Insider Transactions at Ollie’s Bargain Outlet

In related news, CEO John W. Swygert sold 2,400 shares of the business’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $102.54, for a total transaction of $246,096.00. Following the transaction, the chief executive officer now owns 48,200 shares in the company, valued at $4,942,428. The trade was a 4.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Larry Kraus sold 10,646 shares of Ollie’s Bargain Outlet stock in a transaction that occurred 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 directly owns 1,905 shares in the company, valued at approximately $220,179.90. The trade was a 84.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 87,771 shares of company stock worth $9,650,832. 0.87% of the stock is currently owned by insiders.

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.