Baldwin Wealth Partners LLC MA Sells 4,481 Shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Baldwin Wealth Partners LLC MA trimmed its position in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 60.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,907 shares of the company's stock after selling 4,481 shares during the period. Baldwin Wealth Partners LLC MA's holdings in Ollie's Bargain Outlet were worth $319,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Mount Yale Investment Advisors LLC bought a new position in Ollie's Bargain Outlet during the 4th quarter worth approximately $944,000. KBC Group NV raised its holdings in Ollie's Bargain Outlet by 69.2% during the 4th quarter. KBC Group NV now owns 2,658 shares of the company's stock valued at $292,000 after buying an additional 1,087 shares during the last quarter. Blue Trust Inc. boosted its position in Ollie's Bargain Outlet by 55.2% during the 4th 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. Kingswood Wealth Advisors LLC bought a new stake in Ollie's Bargain Outlet in the 4th quarter worth $278,000. Finally, Tributary Capital Management LLC increased its position in shares of Ollie's Bargain Outlet by 1.7% in the fourth quarter. Tributary Capital Management LLC now owns 284,351 shares of the company's stock valued at $31,202,000 after acquiring an additional 4,787 shares during the period.

Insiders Place Their Bets

In related news, Director Thomas Hendrickson sold 6,250 shares of Ollie's Bargain Outlet stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $114.74, for a total transaction of $717,125.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO John W. Swygert sold 54,318 shares of the stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $109.44, for a total transaction of $5,944,561.92. Following the sale, the chief executive officer now directly owns 48,200 shares of the company's stock, valued at approximately $5,275,008. This trade represents a 52.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 87,771 shares of company stock worth $9,650,832 over the last three months. 0.87% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

OLLI has been the topic of several recent analyst reports. JPMorgan Chase & Co. raised their target price on Ollie's Bargain Outlet from $105.00 to $135.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 11th. Royal Bank of Canada reiterated an "outperform" rating and issued a $130.00 price target on shares of Ollie's Bargain Outlet in a report on Monday, December 23rd. Loop Capital raised their price objective on shares of Ollie's Bargain Outlet from $120.00 to $130.00 and gave the stock a "buy" rating in a report on Monday, December 23rd. Piper Sandler upped their target price on shares of Ollie's Bargain Outlet from $107.00 to $126.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 11th. Finally, StockNews.com upgraded shares of Ollie's Bargain Outlet from a "sell" rating to a "hold" rating in a report on Thursday, January 23rd. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $118.62.

Ollie's Bargain Outlet Stock Performance

Shares of OLLI stock traded up $0.80 during mid-day trading on Tuesday, reaching $113.85. 547,836 shares of the company's stock traded hands, compared to its average volume of 1,106,149. The firm has a market capitalization of $6.98 billion, a PE ratio of 33.99, a price-to-earnings-growth ratio of 2.75 and a beta of 0.82. 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 50 day moving average price of $107.13 and a two-hundred day moving average price of $99.30.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last issued its quarterly earnings results on Tuesday, December 10th. The company reported $0.58 EPS for the quarter, topping analysts' consensus estimates of $0.57 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 $517.43 million during the quarter, compared to analysts' expectations of $518.83 million. During the same quarter in the prior year, the business posted $0.51 earnings per share. The business's quarterly revenue was up 7.8% on a year-over-year basis. As a group, equities analysts expect that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal year.

Ollie's Bargain Outlet Company Profile

Ollie's Bargain Outlet Holdings, Inc operates as a retailer of brand name merchandise in the United States. The company offers housewares, bed and bath, food, floor coverings, health and beauty aids, books and stationery, toys, and electronics; and other products, including hardware, candy, clothing, sporting goods, pet and lawn, and garden products.