Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. trimmed its position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 90.6% during the fourth quarter, Holdings Channel reports. The firm owned 29,631 shares of the company’s stock after selling 284,205 shares during the quarter. Victory Capital Management Inc.’s holdings in Ollie’s Bargain Outlet were worth $3,251,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the company. Congress Asset Management Co. lifted its stake in Ollie’s Bargain Outlet by 181.6% during the fourth 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 in the last quarter. State Street Corp raised its stake in shares of 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 acquiring an additional 38,203 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Ollie’s Bargain Outlet by 0.9% in the third quarter. Geode Capital Management LLC now owns 1,078,544 shares of the company’s stock valued at $104,860,000 after acquiring an additional 9,492 shares in the last quarter. Fred Alger Management LLC raised its stake 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 valued at $75,052,000 after acquiring an additional 83,063 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Ollie’s Bargain Outlet by 0.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 756,051 shares of the company’s stock valued at $82,961,000 after acquiring an additional 2,393 shares in the last quarter.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Royal Bank of Canada increased their price objective 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. Loop Capital increased their price objective on Ollie’s Bargain Outlet from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. Piper Sandler increased their price objective on Ollie’s Bargain Outlet from $107.00 to $126.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. StockNews.com cut Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research note on Tuesday, February 4th. Finally, Citigroup upgraded Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and raised their price target for the company from $64.00 to $133.00 in a research note on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $118.29.

Ollie’s Bargain Outlet Stock Performance

Shares of OLLI stock opened at $102.49 on Monday. The stock’s 50-day moving average is $105.21 and its two-hundred day moving average is $101.15. The firm has a market cap of $6.28 billion, a price-to-earnings ratio of 30.59, a PEG ratio of 2.21 and a beta of 0.83. Ollie’s Bargain Outlet Holdings, Inc. has a 1 year low of $68.05 and a 1 year high of $120.03.

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.