Emerald Advisers LLC Decreases Position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Emerald Advisers LLC decreased its holdings in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 1.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 254,822 shares of the company’s stock after selling 2,475 shares during the quarter. Emerald Advisers LLC’s holdings in Ollie’s Bargain Outlet were worth $27,962,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Oak Thistle LLC purchased a new stake in Ollie’s Bargain Outlet during the fourth quarter worth approximately $1,345,000. JPMorgan Chase & Co. lifted its stake in Ollie’s Bargain Outlet by 79.6% during the third quarter. JPMorgan Chase & Co. now owns 189,301 shares of the company’s stock worth $18,400,000 after purchasing an additional 83,882 shares during the last quarter. Van ECK Associates Corp lifted its stake in Ollie’s Bargain Outlet by 36.5% during the fourth quarter. Van ECK Associates Corp now owns 46,659 shares of the company’s stock worth $5,120,000 after purchasing an additional 12,476 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Ollie’s Bargain Outlet by 0.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 753,658 shares of the company’s stock worth $73,256,000 after purchasing an additional 5,438 shares during the last quarter. Finally, Fred Alger Management LLC increased its position in Ollie’s Bargain Outlet by 12.1% during the third quarter. Fred Alger Management LLC now owns 772,145 shares of the company’s stock worth $75,052,000 after buying an additional 83,063 shares during the period.

Wall Street Analyst Weigh In

Several research firms have commented on OLLI. Royal Bank of Canada lifted their price target on Ollie’s Bargain Outlet from $130.00 to $133.00 and gave the stock an “outperform” rating in a research report on Friday, March 7th. Loop Capital lifted their price target on Ollie’s Bargain Outlet from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. Craig Hallum lifted their price target 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. Morgan Stanley lifted their price target on Ollie’s Bargain Outlet from $108.00 to $118.00 and gave the stock an “equal weight” rating in a research report on Thursday. Finally, JPMorgan Chase & Co. lifted their price target on 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. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Ollie’s Bargain Outlet currently has an average rating of “Moderate Buy” and an average target price of $123.08.

Ollie’s Bargain Outlet Stock Performance

NASDAQ:OLLI opened at $106.88 on Friday. Ollie’s Bargain Outlet Holdings, Inc. has a 1 year low of $68.05 and a 1 year high of $120.03. The stock has a fifty day moving average price of $105.16 and a two-hundred day moving average price of $101.61. The stock has a market capitalization of $6.55 billion, a price-to-earnings ratio of 31.90, a PEG ratio of 2.21 and a beta of 0.83.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its earnings results on Wednesday, March 19th. The company reported $1.19 EPS for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.01). The business had revenue of $667.10 million during the quarter, compared to analyst estimates of $674.61 million. Ollie’s Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. Ollie’s Bargain Outlet’s revenue was up 2.8% compared to the same quarter last year. During the same period last year, the business posted $1.23 EPS. On average, analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

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.