Advisor OS LLC Acquires New Position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Advisor OS LLC acquired a new stake in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,943 shares of the company’s stock, valued at approximately $213,000.

A number of other institutional investors have also modified their holdings of the business. Congress Asset Management Co. grew its position in shares of Ollie’s Bargain Outlet by 181.6% during the 4th 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 last quarter. State Street Corp grew its position in 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 worth $181,866,000 after purchasing an additional 38,203 shares during the last quarter. Geode Capital Management LLC grew its position in Ollie’s Bargain Outlet by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,078,544 shares of the company’s stock worth $104,860,000 after purchasing an additional 9,492 shares during the last quarter. Geneva Capital Management LLC grew its position in Ollie’s Bargain Outlet by 1.3% in the 3rd quarter. Geneva Capital Management LLC now owns 1,050,469 shares of the company’s stock worth $102,106,000 after purchasing an additional 13,369 shares during the last quarter. Finally, Fred Alger Management LLC grew its position 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 last quarter.

Ollie’s Bargain Outlet Price Performance

OLLI stock opened at $103.51 on Friday. 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 market cap of $6.34 billion, a PE ratio of 30.90, a P/E/G ratio of 2.21 and a beta of 0.81. The firm has a 50 day simple moving average of $107.72 and a 200 day simple moving average of $100.43.

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

Wall Street Analysts Forecast Growth

Several research firms have commented on OLLI. Truist Financial upped their target price on shares of Ollie’s Bargain Outlet from $109.00 to $121.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Bank of America upped their target price on shares of 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. Jefferies Financial Group cut shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and decreased their target price for the stock from $125.00 to $111.00 in a research report on Tuesday, February 4th. JPMorgan Chase & Co. upped their target price on shares of Ollie’s Bargain Outlet from $105.00 to $135.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Finally, Citigroup upgraded shares of Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and increased their price objective for the company from $64.00 to $133.00 in a report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $118.07.

Insider Activity at Ollie’s Bargain Outlet

In related news, CEO John W. Swygert sold 2,400 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $102.54, for a total value of $246,096.00. Following the completion of the sale, the chief executive officer now owns 48,200 shares in the company, valued at approximately $4,942,428. This represents a 4.74 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Larry Kraus sold 10,646 shares of the company’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 owns 1,905 shares of the company’s stock, valued at approximately $220,179.90. This trade represents a 84.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 78,939 shares of company stock valued at $8,745,031 over the last ninety days. Insiders own 0.87% of the company’s stock.

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.