Townsquare Capital LLC Acquires 30,336 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Townsquare Capital LLC increased its holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 28.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 137,253 shares of the company’s stock after buying an additional 30,336 shares during the period. Townsquare Capital LLC’s holdings in Ollie’s Bargain Outlet were worth $15,058,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Ollie’s Bargain Outlet by 489.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 230 shares of the company’s stock worth $25,000 after acquiring an additional 191 shares during the period. Wilmington Savings Fund Society FSB boosted its stake in 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 worth $26,000 after purchasing an additional 182 shares during the period. Bogart Wealth LLC purchased a new position in Ollie’s Bargain Outlet during the 4th quarter valued at about $26,000. Blue Trust Inc. increased its position in shares of Ollie’s Bargain Outlet by 55.2% during the fourth quarter. Blue Trust Inc. now owns 284 shares of the company’s stock valued at $31,000 after buying an additional 101 shares during the period. Finally, Brown Brothers Harriman & Co. purchased a new stake in shares of Ollie’s Bargain Outlet in the fourth quarter worth about $33,000.

Ollie’s Bargain Outlet Stock Performance

OLLI stock opened at $114.42 on Friday. Ollie’s Bargain Outlet Holdings, Inc. has a one year low of $70.17 and a one year high of $120.03. The company has a market capitalization of $7.01 billion, a PE ratio of 34.16, a price-to-earnings-growth ratio of 2.21 and a beta of 0.75. The company’s 50 day moving average price is $106.14 and its two-hundred day moving average price is $103.35.

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 period in the prior year, the firm earned $1.23 earnings per share. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. On average, research analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Morgan Stanley boosted their price objective on shares of Ollie’s Bargain Outlet from $108.00 to $118.00 and gave the company an “equal weight” rating in a research note on Thursday, March 20th. Royal Bank of Canada boosted their price target on shares of 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. Piper Sandler lowered their price objective 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, March 20th. UBS Group boosted their target price on Ollie’s Bargain Outlet from $117.00 to $123.00 and gave the stock a “neutral” rating in a research report on Thursday, March 20th. Finally, StockNews.com cut Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a report on Tuesday, February 4th. 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 company’s stock. Based on data from MarketBeat.com, Ollie’s Bargain Outlet has an average rating of “Moderate Buy” and an average price target of $123.08.

Insider Buying and Selling

In other Ollie’s Bargain Outlet news, Director Robert Fisch sold 6,250 shares of the stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $108.08, for a total value of $675,500.00. Following the completion of the sale, the director now owns 22,159 shares in the company, valued at approximately $2,394,944.72. This trade represents a 22.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Robert F. Helm sold 312 shares of the business’s stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $107.17, for a total value of $33,437.04. Following the transaction, the chief financial officer now directly owns 3,273 shares in the company, valued at $350,767.41. This trade represents a 8.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 37,897 shares of company stock worth $4,227,970 in the last ninety days. 0.87% of the stock is owned by insiders.

Ollie’s Bargain Outlet 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.