Alliancebernstein L.P. Has $178.81 Million Stock Position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Alliancebernstein L.P. boosted its position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 12.9% in the fourth quarter, Holdings Channel reports. The firm owned 1,629,572 shares of the company’s stock after purchasing an additional 186,313 shares during the period. Alliancebernstein L.P.’s holdings in Ollie’s Bargain Outlet were worth $178,813,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Corient Private Wealth LLC increased its stake in shares of Ollie’s Bargain Outlet by 86.2% during the 4th quarter. Corient Private Wealth LLC now owns 8,438 shares of the company’s stock worth $926,000 after purchasing an additional 3,906 shares during the last quarter. Oak Thistle LLC acquired a new stake in Ollie’s Bargain Outlet in the 4th quarter worth about $1,345,000. JPMorgan Chase & Co. raised its position in shares of Ollie’s Bargain Outlet by 79.6% in the third quarter. JPMorgan Chase & Co. now owns 189,301 shares of the company’s stock valued at $18,400,000 after buying an additional 83,882 shares in the last quarter. Van ECK Associates Corp lifted 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 period. Finally, Harbor Capital Advisors Inc. bought a new stake in Ollie’s Bargain Outlet during the fourth quarter worth about $2,049,000.

Insider Buying and Selling at Ollie’s Bargain Outlet

In other news, CFO Robert F. Helm sold 2,145 shares of the company’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $108.50, for a total transaction of $232,732.50. Following the sale, the chief financial officer now directly owns 3,888 shares in the company, valued at approximately $421,848. This represents a 35.55 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman John W. Swygert sold 6,526 shares of the firm’s stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $107.87, for a total value of $703,959.62. Following the sale, the chairman now directly owns 53,432 shares of the company’s stock, valued at $5,763,709.84. This represents a 10.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 20,153 shares of company stock valued at $2,200,844 over the last 90 days. 0.87% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on OLLI shares. Piper Sandler decreased their target price on Ollie’s Bargain Outlet from $126.00 to $124.00 and set an “overweight” rating on the stock in a research report on Thursday, March 20th. Morgan Stanley raised their target price on Ollie’s Bargain Outlet from $108.00 to $118.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 20th. JPMorgan Chase & Co. boosted their price target on shares of Ollie’s Bargain Outlet from $105.00 to $135.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Royal Bank of Canada upped their target price on Ollie’s Bargain Outlet from $130.00 to $133.00 and gave the company an “outperform” rating in a research report on Friday, March 7th. Finally, Wells Fargo & Company lifted their target price on 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. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $123.08.

Ollie’s Bargain Outlet Price Performance

OLLI stock opened at $114.55 on Wednesday. Ollie’s Bargain Outlet Holdings, Inc. has a 1 year low of $68.05 and a 1 year high of $120.03. The company has a market cap of $7.02 billion, a P/E ratio of 34.19, a PEG ratio of 2.21 and a beta of 0.83. The firm has a 50-day moving average of $106.16 and a 200 day moving average of $102.59.

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

Ollie’s Bargain Outlet Company Profile

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.