Oppenheimer Asset Management Inc. Acquires 17,433 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Oppenheimer Asset Management Inc. grew its position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 43.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,106 shares of the company’s stock after acquiring an additional 17,433 shares during the period. Oppenheimer Asset Management Inc. owned about 0.09% of Ollie’s Bargain Outlet worth $6,266,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Congress Asset Management Co. increased its holdings in shares of Ollie’s Bargain Outlet by 181.6% during the 4th quarter. Congress Asset Management Co. now owns 1,916,584 shares of the company’s stock worth $210,307,000 after acquiring an additional 1,235,994 shares during the last quarter. State Street Corp grew its position in Ollie’s Bargain Outlet by 2.1% during the third quarter. State Street Corp now owns 1,871,047 shares of the company’s stock worth $181,866,000 after buying an additional 38,203 shares in the last quarter. Geode Capital Management LLC grew its position in Ollie’s Bargain Outlet by 0.9% during the third quarter. Geode Capital Management LLC now owns 1,078,544 shares of the company’s stock worth $104,860,000 after buying an additional 9,492 shares in the last quarter. Geneva Capital Management LLC lifted its position in Ollie’s Bargain Outlet by 1.3% during the third quarter. Geneva Capital Management LLC now owns 1,050,469 shares of the company’s stock worth $102,106,000 after purchasing an additional 13,369 shares during the period. Finally, Fred Alger Management LLC raised 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 valued at $75,052,000 after purchasing an additional 83,063 shares in the last quarter.

Ollie’s Bargain Outlet Price Performance

Shares of NASDAQ:OLLI opened at $103.51 on Friday. The company has a market capitalization of $6.34 billion, a PE ratio of 30.90, a price-to-earnings-growth ratio of 2.21 and a beta of 0.81. Ollie’s Bargain Outlet Holdings, Inc. has a 1 year low of $68.05 and a 1 year high of $120.03. The business has a fifty day moving average price of $107.72 and a two-hundred day moving average price of $100.43.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its earnings results on Tuesday, December 10th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.01. The firm had revenue of $517.43 million for the quarter, compared to analyst estimates of $518.83 million. Ollie’s Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The business’s revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.51 earnings per share. Sell-side analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

Insider Transactions at Ollie’s Bargain Outlet

In related news, Director Thomas Hendrickson sold 6,250 shares of Ollie’s Bargain Outlet stock in a transaction on Monday, December 16th. The stock was sold at an average price of $114.74, for a total transaction of $717,125.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Larry Kraus sold 10,646 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $115.58, for a total transaction of $1,230,464.68. Following the completion of the transaction, the senior vice president now directly owns 1,905 shares of the company’s stock, valued at approximately $220,179.90. This represents a 84.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 78,939 shares of company stock valued at $8,745,031 over the last three months. Company insiders own 0.87% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on OLLI shares. Wells Fargo & Company lifted their target price on Ollie’s Bargain Outlet from $95.00 to $105.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 11th. Royal Bank of Canada restated an “outperform” rating and issued a $130.00 price target on shares of Ollie’s Bargain Outlet in a research report on Monday, December 23rd. JPMorgan Chase & Co. lifted their target price on Ollie’s Bargain Outlet from $105.00 to $135.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Jefferies Financial Group lowered shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and cut their target price for the stock from $125.00 to $111.00 in a research note on Tuesday, February 4th. Finally, Piper Sandler upped their price target on Ollie’s Bargain Outlet from $107.00 to $126.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. One analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, Ollie’s Bargain Outlet presently has an average rating of “Moderate Buy” and an average price target of $118.07.

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.