Rothschild Investment LLC Decreases Holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Rothschild Investment LLC decreased its holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 42.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 10,219 shares of the company’s stock after selling 7,467 shares during the period. Rothschild Investment LLC’s holdings in Ollie’s Bargain Outlet were worth $1,121,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Congress Asset Management Co. boosted its position 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 valued at $210,307,000 after buying an additional 1,235,994 shares during the period. State Street Corp lifted its stake in shares of Ollie’s Bargain Outlet by 2.1% in the 3rd 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 during the last quarter. Geode Capital Management LLC boosted its holdings in Ollie’s Bargain Outlet by 0.9% during the 3rd 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 during the period. Geneva Capital Management LLC grew its position in Ollie’s Bargain Outlet by 1.3% during the 3rd quarter. Geneva Capital Management LLC now owns 1,050,469 shares of the company’s stock worth $102,106,000 after acquiring an additional 13,369 shares during the last quarter. Finally, Fred Alger Management LLC increased its stake in Ollie’s Bargain Outlet by 12.1% in the 3rd quarter. Fred Alger Management LLC now owns 772,145 shares of the company’s stock worth $75,052,000 after purchasing an additional 83,063 shares during the period.

Analyst Upgrades and Downgrades

OLLI has been the subject of a number of analyst reports. Craig Hallum increased their price objective on Ollie’s Bargain Outlet from $107.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Jefferies Financial Group cut shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and dropped their price target for the company from $125.00 to $111.00 in a research report on Tuesday, February 4th. Royal Bank of Canada restated 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. Piper Sandler increased 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 report on Wednesday, December 11th. Finally, Bank of America boosted their price target on Ollie’s Bargain Outlet from $115.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $118.07.

Ollie’s Bargain Outlet Stock Performance

Shares of NASDAQ:OLLI opened at $96.27 on Tuesday. The firm has a market capitalization of $5.90 billion, a P/E ratio of 28.74, a P/E/G ratio of 2.21 and a beta of 0.81. The stock has a 50 day moving average price of $108.68 and a 200-day moving average price of $100.39. Ollie’s Bargain Outlet Holdings, Inc. has a 52-week low of $68.05 and a 52-week high of $120.03.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings data on Tuesday, December 10th. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. The business had revenue of $517.43 million during the quarter, compared to the consensus estimate of $518.83 million. Ollie’s Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior 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 EPS for the current fiscal year.

Insider Buying and Selling

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 value of $606,783.75. Following the sale, the senior vice president now directly owns 3,140 shares of the company’s stock, valued at approximately $357,803. This represents a 62.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO John W. Swygert sold 4,800 shares of the company’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $102.60, for a total transaction of $492,480.00. Following the completion of the transaction, the chief executive officer now owns 48,200 shares in the company, valued at approximately $4,945,320. The trade was a 9.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 83,739 shares of company stock worth $9,237,511 in the last three months. 0.87% of the stock is owned by corporate insiders.

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.