Whittier Trust Co. of Nevada Inc. Increases Position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Whittier Trust Co. of Nevada Inc. raised its position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 5.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 56,259 shares of the company’s stock after purchasing an additional 2,675 shares during the period. Whittier Trust Co. of Nevada Inc. owned 0.09% of Ollie’s Bargain Outlet worth $6,173,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of OLLI. Wilmington Savings Fund Society FSB boosted its holdings in shares of Ollie’s Bargain Outlet by 337.0% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 236 shares of the company’s stock valued at $26,000 after buying an additional 182 shares in the last quarter. Bogart Wealth LLC acquired a new stake in Ollie’s Bargain Outlet during the 4th quarter worth $26,000. Blue Trust Inc. boosted its stake in Ollie’s Bargain Outlet by 55.2% during the 4th quarter. Blue Trust Inc. now owns 284 shares of the company’s stock worth $31,000 after purchasing an additional 101 shares during the period. Harvest Fund Management Co. Ltd acquired a new stake in Ollie’s Bargain Outlet during the 4th quarter worth $41,000. Finally, Tortoise Investment Management LLC acquired a new stake in Ollie’s Bargain Outlet during the 4th quarter worth $45,000.

Ollie’s Bargain Outlet Stock Up 1.6 %

Shares of OLLI opened at $106.88 on Friday. The company has a 50-day simple moving average of $105.16 and a 200-day simple moving average of $101.52. The company has a market capitalization of $6.55 billion, a PE ratio of 31.90, a P/E/G ratio of 2.21 and a beta of 0.83. 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 announced its quarterly earnings results on Wednesday, March 19th. The company reported $1.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.01). Ollie’s Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. The company had revenue of $667.10 million during the quarter, compared to analysts’ expectations of $674.61 million. During the same quarter in the prior year, the business earned $1.23 EPS. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. On average, research analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on OLLI shares. Loop Capital increased their price target on shares of Ollie’s Bargain Outlet from $120.00 to $130.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. Bank of America increased their price target on shares of Ollie’s Bargain Outlet from $115.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Craig Hallum increased their price target on shares of Ollie’s Bargain Outlet from $107.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Royal Bank of Canada raised their target price on shares of Ollie’s Bargain Outlet from $130.00 to $133.00 and gave the stock an “outperform” rating in a research note on Friday, March 7th. Finally, Jefferies Financial Group cut shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and reduced their target price for the stock 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 assigned a buy rating to the stock. Based on data from MarketBeat, Ollie’s Bargain Outlet has a consensus rating of “Moderate Buy” and a consensus target price of $123.08.

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.