Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Shares Acquired by KBC Group NV

KBC Group NV boosted its position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 69.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,658 shares of the company’s stock after buying an additional 1,087 shares during the period. KBC Group NV’s holdings in Ollie’s Bargain Outlet were worth $292,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Bank of Montreal Can boosted its holdings in Ollie’s Bargain Outlet by 2.4% during the second quarter. Bank of Montreal Can now owns 8,319 shares of the company’s stock worth $820,000 after buying an additional 195 shares in the last quarter. Algert Global LLC grew its holdings in shares of Ollie’s Bargain Outlet by 12.9% in the 2nd quarter. Algert Global LLC now owns 6,180 shares of the company’s stock worth $607,000 after acquiring an additional 708 shares during the period. Sanctuary Advisors LLC acquired a new position in Ollie’s Bargain Outlet during the second quarter worth $298,000. SG Americas Securities LLC purchased a new stake in Ollie’s Bargain Outlet during the third quarter worth $663,000. Finally, Handelsbanken Fonder AB grew its holdings in Ollie’s Bargain Outlet by 45.9% in the third quarter. Handelsbanken Fonder AB now owns 19,400 shares of the company’s stock valued at $1,886,000 after purchasing an additional 6,100 shares during the last quarter.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Bank of America lifted their price objective on Ollie’s Bargain Outlet from $115.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Wells Fargo & Company raised their price target on shares of Ollie’s Bargain Outlet from $95.00 to $105.00 and gave the company an “equal weight” rating in a report on Wednesday, December 11th. Loop Capital upped their price target on Ollie’s Bargain Outlet from $120.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. Piper Sandler upped their target price on shares of Ollie’s Bargain Outlet from $107.00 to $126.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Finally, Citigroup upgraded Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and lifted their price target for the company from $64.00 to $133.00 in a research report on Wednesday, December 18th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $118.62.

Insider Transactions at Ollie’s Bargain Outlet

In other news, SVP James J. Comitale sold 5,325 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $113.95, for a total transaction of $606,783.75. Following the sale, the senior vice president now owns 3,140 shares in the company, valued at approximately $357,803. This represents a 62.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Larry Kraus sold 10,646 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $115.58, for a total transaction of $1,230,464.68. Following the completion of the sale, the senior vice president now directly owns 1,905 shares of the company’s stock, valued at approximately $220,179.90. This represents a 84.82 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 87,771 shares of company stock valued at $9,650,832. Company insiders own 0.87% of the company’s stock.

Ollie’s Bargain Outlet Stock Performance

NASDAQ:OLLI opened at $107.63 on Tuesday. Ollie’s Bargain Outlet Holdings, Inc. has a 52 week low of $68.05 and a 52 week high of $120.03. The stock’s 50 day moving average price is $108.54 and its 200 day moving average price is $99.54. The company has a market capitalization of $6.60 billion, a P/E ratio of 32.13, a P/E/G ratio of 2.76 and a beta of 0.81.

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

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.