Atria Investments Inc Boosts Stake in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Atria Investments Inc grew its position in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 107.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,593 shares of the company's stock after buying an additional 16,373 shares during the quarter. Atria Investments Inc owned approximately 0.05% of Ollie's Bargain Outlet worth $3,467,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Congress Asset Management Co. increased its holdings 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 valued at $210,307,000 after purchasing an additional 1,235,994 shares during the last quarter. State Street Corp grew its holdings 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 valued at $181,866,000 after purchasing an additional 38,203 shares during the period. Geode Capital Management LLC increased its stake in Ollie's Bargain Outlet by 0.9% in the third quarter. Geode Capital Management LLC now owns 1,078,544 shares of the company's stock valued at $104,860,000 after purchasing an additional 9,492 shares in the last quarter. Geneva Capital Management LLC raised its holdings in Ollie's Bargain Outlet by 1.3% in 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 boosted its position in shares of 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 worth $75,052,000 after purchasing an additional 83,063 shares in the last quarter.

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Insider Transactions at Ollie's Bargain Outlet

In related news, Director Thomas Hendrickson sold 6,250 shares of the company's stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $114.74, for a total value of $717,125.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP James J. Comitale sold 5,325 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $113.95, for a total value of $606,783.75. Following the sale, the senior vice president now directly owns 3,140 shares of the company's stock, valued at $357,803. The trade was a 62.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,221 shares of company stock valued at $2,554,373 in the last three months. 0.87% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on OLLI. Royal Bank of Canada boosted their target price on Ollie's Bargain Outlet from $130.00 to $133.00 and gave the company an "outperform" rating in a research note on Friday. Jefferies Financial Group lowered Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and lowered their target price for the stock from $125.00 to $111.00 in a research note on Tuesday, February 4th. StockNews.com lowered Ollie's Bargain Outlet from a "hold" rating to a "sell" rating in a research note on Tuesday, February 4th. Loop Capital lifted their price objective on shares of Ollie's Bargain Outlet from $120.00 to $130.00 and gave the company a "buy" rating in a research note on Monday, December 23rd. Finally, Truist Financial increased their target price on shares of Ollie's Bargain Outlet from $109.00 to $121.00 and gave the stock a "buy" rating in a report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $118.29.

Ollie's Bargain Outlet Stock Up 0.6 %

Shares of NASDAQ OLLI traded up $0.55 during trading hours on Tuesday, hitting $99.32. 134,643 shares of the stock were exchanged, compared to its average volume of 974,097. Ollie's Bargain Outlet Holdings, Inc. has a 12 month low of $68.05 and a 12 month high of $120.03. The firm has a fifty day moving average price of $105.99 and a 200-day moving average price of $100.99. The company has a market cap of $6.09 billion, a PE ratio of 29.60, a PEG ratio of 2.21 and a beta of 0.83.

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