HighTower Advisors LLC Has $1.80 Million Stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

HighTower Advisors LLC boosted its holdings in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 37.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,406 shares of the company’s stock after buying an additional 4,466 shares during the quarter. HighTower Advisors LLC’s holdings in Ollie’s Bargain Outlet were worth $1,800,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of OLLI. Wilmington Savings Fund Society FSB boosted its holdings in Ollie’s Bargain Outlet by 337.0% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 236 shares of the company’s stock valued at $26,000 after acquiring an additional 182 shares during the period. Bogart Wealth LLC bought a new stake in Ollie’s Bargain Outlet during the fourth quarter valued at about $26,000. Blue Trust Inc. boosted its holdings in Ollie’s Bargain Outlet by 55.2% during the fourth quarter. Blue Trust Inc. now owns 284 shares of the company’s stock valued at $31,000 after acquiring an additional 101 shares during the period. Tortoise Investment Management LLC bought a new stake in Ollie’s Bargain Outlet during the fourth quarter valued at about $45,000. Finally, Arcadia Investment Management Corp MI bought a new stake in Ollie’s Bargain Outlet during the fourth quarter valued at about $58,000.

Ollie’s Bargain Outlet Price Performance

Ollie’s Bargain Outlet stock opened at $106.88 on Monday. The company has a market capitalization of $6.55 billion, a PE ratio of 31.90, a price-to-earnings-growth ratio of 2.21 and a beta of 0.83. Ollie’s Bargain Outlet Holdings, Inc. has a one year low of $68.05 and a one year high of $120.03. The business has a 50 day simple moving average of $105.16 and a 200 day simple moving average of $101.70.

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 the consensus estimate of $1.20 by ($0.01). The company had revenue of $667.10 million for 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%. Ollie’s Bargain Outlet’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the business earned $1.23 EPS. Equities analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Bank of America upped their price target on shares of Ollie’s Bargain Outlet from $115.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Citigroup upgraded shares of Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and upped their price target for the company from $64.00 to $133.00 in a report on Wednesday, December 18th. Piper Sandler decreased their price target on shares of Ollie’s Bargain Outlet from $126.00 to $124.00 and set an “overweight” rating for the company in a report on Thursday. Craig Hallum lifted their target price on Ollie’s Bargain Outlet from $107.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Finally, Jefferies Financial Group lowered Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and lowered their price target for the company from $125.00 to $111.00 in a research note on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.08.

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.