Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Stock Holdings Raised by Pier Capital LLC

Pier Capital LLC lifted its position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 3.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 93,564 shares of the company’s stock after purchasing an additional 2,934 shares during the quarter. Ollie’s Bargain Outlet accounts for about 1.5% of Pier Capital LLC’s holdings, making the stock its 10th largest holding. Pier Capital LLC’s holdings in Ollie’s Bargain Outlet were worth $10,267,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of OLLI. Vanguard Group Inc. grew its position in Ollie’s Bargain Outlet by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 5,821,957 shares of the company’s stock valued at $638,843,000 after acquiring an additional 70,496 shares during the last quarter. Congress Asset Management Co. increased its stake in Ollie’s Bargain Outlet by 181.6% in the 4th quarter. Congress Asset Management Co. now owns 1,916,584 shares of the company’s stock worth $210,307,000 after purchasing an additional 1,235,994 shares during the period. State Street Corp lifted its position in Ollie’s Bargain Outlet by 2.1% in the third quarter. State Street Corp now owns 1,871,047 shares of the company’s stock valued at $181,866,000 after purchasing an additional 38,203 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Ollie’s Bargain Outlet by 0.9% during the third quarter. Geode Capital Management LLC now owns 1,078,544 shares of the company’s stock valued at $104,860,000 after purchasing an additional 9,492 shares during the period. Finally, Fred Alger Management LLC grew its holdings in shares of Ollie’s Bargain Outlet by 12.1% in the third quarter. Fred Alger Management LLC now owns 772,145 shares of the company’s stock worth $75,052,000 after purchasing an additional 83,063 shares during the last quarter.

Ollie’s Bargain Outlet Trading Up 1.3 %

Shares of Ollie’s Bargain Outlet stock opened at $108.22 on Tuesday. Ollie’s Bargain Outlet Holdings, Inc. has a 12 month low of $68.05 and a 12 month high of $120.03. The firm has a market capitalization of $6.63 billion, a P/E ratio of 32.30, a P/E/G ratio of 2.21 and a beta of 0.83. The business has a fifty day simple moving average of $105.30 and a two-hundred day simple moving average of $101.85.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings results on Wednesday, March 19th. The company reported $1.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.01). The business had revenue of $667.10 million for the quarter, compared to analysts’ expectations of $674.61 million. Ollie’s Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. The company’s revenue was up 2.8% on a year-over-year basis. During the same period last year, the business earned $1.23 earnings per share. Analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

Analyst Upgrades and Downgrades

OLLI has been the subject of several analyst reports. Piper Sandler dropped their price target on shares of Ollie’s Bargain Outlet from $126.00 to $124.00 and set an “overweight” rating for the company in a research report on Thursday, March 20th. Citigroup upgraded Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and boosted their price target for the company from $64.00 to $133.00 in a report on Wednesday, December 18th. UBS Group increased their price objective on Ollie’s Bargain Outlet from $117.00 to $123.00 and gave the stock a “neutral” rating in a report on Thursday, March 20th. Royal Bank of Canada boosted their target price on Ollie’s Bargain Outlet from $130.00 to $133.00 and gave the company an “outperform” rating in a research note on Friday, March 7th. Finally, Truist Financial upped their target price on Ollie’s Bargain Outlet from $109.00 to $121.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $123.08.

About Ollie’s Bargain Outlet

Ollie’s Bargain Outlet Holdings, Inc is a holding company, which engages in the retail of closeouts, excess inventory, and salvage merchandise. It offers overstocks, package changes, manufacturer refurbished goods, and irregulars. The company’s products include housewares, food, books and stationery, bed and bath, floor coverings, electronics and toys.