GAMMA Investing LLC Has $97,000 Stock Position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

GAMMA Investing LLC lifted its position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 35.9% during the fourth quarter, Holdings Channel reports. The firm owned 885 shares of the company’s stock after acquiring an additional 234 shares during the period. GAMMA Investing LLC’s holdings in Ollie’s Bargain Outlet were worth $97,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Northwest & Ethical Investments L.P. bought a new position in shares of Ollie’s Bargain Outlet during the third quarter valued at about $117,000. LRI Investments LLC raised its position in Ollie’s Bargain Outlet by 2,356.1% in the third quarter. LRI Investments LLC now owns 1,400 shares of the company’s stock worth $130,000 after acquiring an additional 1,343 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in Ollie’s Bargain Outlet in the third quarter worth about $151,000. Quest Partners LLC bought a new stake in Ollie’s Bargain Outlet in the third quarter worth about $196,000. Finally, Great Valley Advisor Group Inc. bought a new stake in Ollie’s Bargain Outlet in the third quarter worth about $222,000.

Ollie’s Bargain Outlet Trading Up 1.8 %

Shares of NASDAQ:OLLI opened at $106.36 on Friday. The company has a 50 day moving average of $103.62 and a 200 day moving average of $98.48. The stock has a market cap of $6.52 billion, a P/E ratio of 31.75, a P/E/G ratio of 2.79 and a beta of 0.82. Ollie’s Bargain Outlet Holdings, Inc. has a 12 month low of $68.05 and a 12 month 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 company had revenue of $517.43 million during the quarter, compared to analysts’ expectations of $518.83 million. Ollie’s Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. Ollie’s Bargain Outlet’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.51 earnings per share. On average, equities analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal year.

Insider Activity at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, CFO Robert F. Helm sold 2,401 shares of the business’s stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $94.68, for a total value of $227,326.68. Following the completion of the transaction, the chief financial officer now owns 2,021 shares of the company’s stock, valued at $191,348.28. The trade was a 54.30 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO John W. Swygert sold 4,032 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $102.51, for a total transaction of $413,320.32. Following the completion of the transaction, the chief executive officer now directly owns 48,200 shares of the company’s stock, valued at approximately $4,940,982. This represents a 7.72 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 90,172 shares of company stock valued at $9,878,158. Corporate insiders own 0.87% of the company’s stock.

Analyst Upgrades and Downgrades

OLLI has been the topic of several research reports. Truist Financial lifted their price objective on shares of Ollie’s Bargain Outlet from $109.00 to $121.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $130.00 price objective on shares of Ollie’s Bargain Outlet in a research report on Monday, December 23rd. JPMorgan Chase & Co. lifted their price objective 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. StockNews.com raised shares of Ollie’s Bargain Outlet from a “sell” rating to a “hold” rating in a research report on Saturday, December 28th. Finally, Citigroup upgraded shares of Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and lifted their target price for the stock from $64.00 to $133.00 in a research note on Wednesday, December 18th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $118.62.

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.