TD Private Client Wealth LLC Grows Position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

TD Private Client Wealth LLC lifted its holdings in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 32,635.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,749 shares of the company’s stock after buying an additional 13,707 shares during the period. TD Private Client Wealth LLC’s holdings in Ollie’s Bargain Outlet were worth $1,509,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of OLLI. Wilmington Savings Fund Society FSB boosted its position in shares of Ollie’s Bargain Outlet by 337.0% during the fourth 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 during the last quarter. Bogart Wealth LLC purchased a new position in Ollie’s Bargain Outlet in the fourth quarter worth about $26,000. Blue Trust Inc. boosted its position in Ollie’s Bargain Outlet by 55.2% in the fourth quarter. Blue Trust Inc. now owns 284 shares of the company’s stock worth $31,000 after purchasing an additional 101 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new position in Ollie’s Bargain Outlet in the fourth quarter worth about $41,000. Finally, Tortoise Investment Management LLC purchased a new position in Ollie’s Bargain Outlet in the fourth quarter worth about $45,000.

Analysts Set New Price Targets

OLLI has been the topic of several research reports. StockNews.com cut Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research report on Tuesday, February 4th. Jefferies Financial Group cut Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and dropped their target price for the stock from $125.00 to $111.00 in a research report on Tuesday, February 4th. Piper Sandler dropped their target price on Ollie’s Bargain Outlet from $126.00 to $124.00 and set an “overweight” rating on the stock in a research report on Thursday. Loop Capital raised their target price 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. Finally, Royal Bank of Canada lifted their price objective on Ollie’s Bargain Outlet from $130.00 to $133.00 and gave the company an “outperform” rating in a research report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, Ollie’s Bargain Outlet has a consensus rating of “Moderate Buy” and an average target price of $123.08.

Ollie’s Bargain Outlet Price Performance

OLLI stock 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 company 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. The business 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 posted its quarterly earnings results on Wednesday, March 19th. The company reported $1.19 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $667.10 million during the quarter, compared to the consensus estimate of $674.61 million. During the same quarter in the previous year, the company earned $1.23 earnings per share. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. Sell-side analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal 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.