Stevens Capital Management LP Acquires New Position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Stevens Capital Management LP bought a new position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 6,078 shares of the company’s stock, valued at approximately $667,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Congress Asset Management Co. lifted its stake in Ollie’s Bargain Outlet by 181.6% in the fourth quarter. Congress Asset Management Co. now owns 1,916,584 shares of the company’s stock worth $210,307,000 after purchasing an additional 1,235,994 shares during the last quarter. Stephens Investment Management Group LLC purchased a new position in shares of Ollie’s Bargain Outlet in the fourth quarter valued at about $78,356,000. Holocene Advisors LP boosted its holdings in shares of Ollie’s Bargain Outlet by 10,159.3% during the third quarter. Holocene Advisors LP now owns 471,413 shares of the company’s stock worth $45,821,000 after purchasing an additional 466,818 shares during the period. Raymond James Financial Inc. bought a new position in Ollie’s Bargain Outlet during the 4th quarter valued at approximately $48,633,000. Finally, Wellington Management Group LLP lifted its holdings in Ollie’s Bargain Outlet by 155.8% in the 3rd quarter. Wellington Management Group LLP now owns 483,044 shares of the company’s stock worth $46,952,000 after buying an additional 294,217 shares during the period.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on OLLI. Morgan Stanley upped their target price on Ollie’s Bargain Outlet from $108.00 to $118.00 and gave the company an “equal weight” rating in a report on Thursday. StockNews.com lowered shares of Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a report on Tuesday, February 4th. Piper Sandler cut their target price on shares of Ollie’s Bargain Outlet from $126.00 to $124.00 and set an “overweight” rating on the stock in a research note on Thursday. Jefferies Financial Group downgraded shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and decreased their price target for the stock from $125.00 to $111.00 in a research note on Tuesday, February 4th. Finally, Craig Hallum lifted their price objective on Ollie’s Bargain Outlet from $107.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. One 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. Based on data from MarketBeat.com, Ollie’s Bargain Outlet presently has an average rating of “Moderate Buy” and an average price target of $123.08.

Ollie’s Bargain Outlet Stock Performance

NASDAQ:OLLI opened at $106.88 on Friday. The firm has a market cap of $6.55 billion, a P/E 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 fifty-two week low of $68.05 and a fifty-two week high of $120.03. The firm has a 50-day simple moving average of $105.16 and a two-hundred day simple moving average of $101.61.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings data on Wednesday, March 19th. The company reported $1.19 earnings per share for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.01). Ollie’s Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The firm had revenue of $667.10 million during the quarter, compared to analysts’ expectations of $674.61 million. During the same quarter in the previous year, the firm earned $1.23 earnings per share. Ollie’s Bargain Outlet’s revenue was up 2.8% on a year-over-year basis. On average, equities research analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

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.