Blue Trust Inc. Buys 101 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Blue Trust Inc. grew its stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 55.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 284 shares of the company’s stock after acquiring an additional 101 shares during the quarter. Blue Trust Inc.’s holdings in Ollie’s Bargain Outlet were worth $31,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Royce & Associates LP increased its stake in Ollie’s Bargain Outlet by 161.6% in the third quarter. Royce & Associates LP now owns 75,605 shares of the company’s stock valued at $7,349,000 after purchasing an additional 46,706 shares in the last quarter. Oak Thistle LLC bought a new position in shares of Ollie’s Bargain Outlet during the fourth quarter worth $1,345,000. JPMorgan Chase & Co. grew its holdings in shares of Ollie’s Bargain Outlet by 79.6% in the 3rd 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 during the period. Van ECK Associates Corp increased its position in shares of Ollie’s Bargain Outlet by 36.5% in the 4th quarter. Van ECK Associates Corp now owns 46,659 shares of the company’s stock valued at $5,120,000 after buying an additional 12,476 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Ollie’s Bargain Outlet by 0.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 753,658 shares of the company’s stock worth $73,256,000 after buying an additional 5,438 shares during the period.

Insider Activity at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, CEO John W. Swygert sold 2,400 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The stock was 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 of the company’s stock, valued at $4,942,428. The trade was a 4.74 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP James J. Comitale sold 5,325 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $113.95, for a total value of $606,783.75. Following the completion of the sale, the senior vice president now directly owns 3,140 shares of the company’s stock, valued at approximately $357,803. The trade was a 62.91 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 78,939 shares of company stock valued at $8,745,031. Insiders own 0.87% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Wells Fargo & Company boosted their target price on Ollie’s Bargain Outlet from $95.00 to $105.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 11th. Piper Sandler lifted their price objective on Ollie’s Bargain Outlet from $107.00 to $126.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Jefferies Financial Group cut Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and lowered their target price for the stock from $125.00 to $111.00 in a research note on Tuesday, February 4th. Craig Hallum raised their target price on shares of Ollie’s Bargain Outlet from $107.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $130.00 price target on shares of Ollie’s Bargain Outlet in a report on Monday, December 23rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $118.07.

Ollie’s Bargain Outlet Trading Down 1.7 %

Shares of OLLI opened at $99.14 on Friday. The stock has a market capitalization of $6.08 billion, a price-to-earnings ratio of 29.59, a PEG ratio of 2.21 and a beta of 0.81. 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 fifty day simple moving average of $107.72 and a 200 day simple moving average of $100.43.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings results on Tuesday, December 10th. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.57 by $0.01. The firm had revenue of $517.43 million for 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%. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.51 EPS. As a group, research analysts predict 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.