Blueshift Asset Management LLC Takes Position in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Blueshift Asset Management LLC purchased a new position in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 14,458 shares of the company's stock, valued at approximately $1,586,000.

A number of other large investors also recently modified their holdings of OLLI. Wilmington Savings Fund Society FSB grew its position 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 valued at $26,000 after buying an additional 182 shares in the last quarter. Bogart Wealth LLC bought a new position in shares of Ollie's Bargain Outlet in the fourth quarter valued at approximately $26,000. Blue Trust Inc. increased its stake 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 acquiring an additional 101 shares during the period. Harvest Fund Management Co. Ltd acquired a new position in shares of Ollie's Bargain Outlet during the fourth quarter valued at approximately $41,000. Finally, Tortoise Investment Management LLC acquired a new stake in Ollie's Bargain Outlet in the fourth quarter worth approximately $45,000.

Ollie's Bargain Outlet Trading Up 1.3 %

NASDAQ OLLI traded up $1.34 during trading on Monday, reaching $108.22. 1,005,862 shares of the company's stock were exchanged, compared to its average volume of 1,090,906. 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 company's fifty day simple moving average is $105.30 and its 200-day simple moving average is $101.85. The firm has a market capitalization of $6.63 billion, a PE ratio of 32.30, a P/E/G ratio of 2.21 and a beta of 0.83.

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Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last posted its quarterly earnings results on Wednesday, March 19th. The company reported $1.19 EPS for the quarter, missing the consensus estimate of $1.20 by ($0.01). The company had revenue of $667.10 million for the quarter, compared to analyst estimates of $674.61 million. Ollie's Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The business's revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.23 earnings per share. Equities analysts forecast that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

Analyst Ratings Changes

OLLI has been the topic of a number of research reports. Piper Sandler dropped 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 note on Thursday. Loop Capital upped their price target on shares of Ollie's Bargain Outlet from $120.00 to $130.00 and gave the company a "buy" rating in a report on Monday, December 23rd. Citigroup raised shares of Ollie's Bargain Outlet from a "sell" rating to a "buy" rating and lifted their price objective for the stock from $64.00 to $133.00 in a research note on Wednesday, December 18th. Wells Fargo & Company increased their target price on shares of Ollie's Bargain Outlet from $95.00 to $105.00 and gave the company an "equal weight" rating in a research note on Wednesday, December 11th. 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 given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $123.08.

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.