Barclays PLC Acquires 15,357 Shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Barclays PLC boosted its position in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 59.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 41,307 shares of the company's stock after purchasing an additional 15,357 shares during the quarter. Barclays PLC owned approximately 0.07% of Ollie's Bargain Outlet worth $4,014,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of OLLI. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Ollie's Bargain Outlet in the 2nd quarter worth approximately $362,000. Bailard Inc. bought a new position in shares of Ollie's Bargain Outlet during the second quarter valued at $520,000. ABLE Financial Group LLC boosted its stake in Ollie's Bargain Outlet by 4.7% in the 2nd quarter. ABLE Financial Group LLC now owns 6,715 shares of the company's stock worth $659,000 after purchasing an additional 302 shares in the last quarter. Whittier Trust Co. grew its position in Ollie's Bargain Outlet by 5.1% during the 2nd quarter. Whittier Trust Co. now owns 146,823 shares of the company's stock valued at $14,413,000 after purchasing an additional 7,191 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in Ollie's Bargain Outlet by 3.9% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 75,160 shares of the company's stock valued at $7,378,000 after purchasing an additional 2,815 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on OLLI. Citigroup upgraded shares of Ollie's Bargain Outlet from a "sell" rating to a "buy" rating and increased their price target for the company from $64.00 to $133.00 in a report on Wednesday, December 18th. StockNews.com raised Ollie's Bargain Outlet from a "sell" rating to a "hold" rating in a report on Thursday. JPMorgan Chase & Co. boosted their price target 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. Loop Capital increased their price objective on Ollie's Bargain Outlet from $120.00 to $130.00 and gave the company a "buy" rating in a research report on Monday. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $130.00 target price on shares of Ollie's Bargain Outlet in a research report on Monday. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, Ollie's Bargain Outlet currently has an average rating of "Moderate Buy" and an average price target of $118.62.

Ollie's Bargain Outlet Trading Down 0.3 %

OLLI stock traded down $0.34 during midday trading on Monday, reaching $117.57. 654,191 shares of the company's stock traded hands, compared to its average volume of 1,059,668. The stock's 50-day moving average is $98.38 and its 200 day moving average is $96.54. The stock has a market cap of $7.20 billion, a P/E ratio of 35.10, a PEG ratio of 2.79 and a beta of 0.85. Ollie's Bargain Outlet Holdings, Inc. has a 52-week low of $68.05 and a 52-week high of $120.03.

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

Insider Buying and Selling

In other Ollie's Bargain Outlet news, SVP James J. Comitale sold 5,325 shares of Ollie's Bargain Outlet 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 owns 3,140 shares of the company's stock, valued at $357,803. The trade was a 62.91 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Larry Kraus sold 10,646 shares of the company'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 value of $1,230,464.68. Following the sale, the senior vice president now directly owns 1,905 shares in the company, valued at $220,179.90. This trade represents a 84.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 90,172 shares of company stock worth $9,878,158. 0.87% of the stock is owned by corporate insiders.

About Ollie's Bargain Outlet

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.