Callan Family Office LLC Acquires New Shares in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Callan Family Office LLC acquired a new stake in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 3,728 shares of the company's stock, valued at approximately $409,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Legacy Capital Wealth Partners LLC increased its holdings in Ollie's Bargain Outlet by 3.4% during the 4th quarter. Legacy Capital Wealth Partners LLC now owns 2,834 shares of the company's stock worth $311,000 after purchasing an additional 94 shares during the period. Blue Trust Inc. increased its holdings in Ollie's Bargain Outlet by 55.2% during the 4th quarter. Blue Trust Inc. now owns 284 shares of the company's stock worth $31,000 after purchasing an additional 101 shares during the period. UMB Bank n.a. increased its holdings in Ollie's Bargain Outlet by 25.3% during the 4th quarter. UMB Bank n.a. now owns 545 shares of the company's stock worth $60,000 after purchasing an additional 110 shares during the period. Precision Wealth Strategies LLC increased its holdings in Ollie's Bargain Outlet by 3.2% during the 4th quarter. Precision Wealth Strategies LLC now owns 3,889 shares of the company's stock worth $427,000 after purchasing an additional 119 shares during the period. Finally, SRS Capital Advisors Inc. increased its holdings in Ollie's Bargain Outlet by 14.4% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,098 shares of the company's stock worth $120,000 after purchasing an additional 138 shares during the period.

Analysts Set New Price Targets

Several research firms have recently issued reports on OLLI. Jefferies Financial Group cut Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $125.00 to $111.00 in a research report on Tuesday, February 4th. Wells Fargo & Company upped their price objective on Ollie's Bargain Outlet from $95.00 to $105.00 and gave the stock an "equal weight" rating in a research report on Wednesday, December 11th. Loop Capital upped their price objective on Ollie's Bargain Outlet from $120.00 to $130.00 and gave the stock a "buy" rating in a research report on Monday, December 23rd. Citigroup raised Ollie's Bargain Outlet from a "sell" rating to a "buy" rating and upped their price objective for the stock from $64.00 to $133.00 in a research report on Wednesday, December 18th. Finally, StockNews.com cut Ollie's Bargain Outlet from a "hold" rating to a "sell" rating in a research report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $118.29.

Remove Ads

Insider Buying and Selling at Ollie's Bargain Outlet

In other news, SVP Larry Kraus sold 10,646 shares of the 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 sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Thomas Hendrickson sold 6,250 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $114.74, for a total value of $717,125.00. The disclosure for this sale can be found here. 0.87% of the stock is owned by company insiders.

Ollie's Bargain Outlet Stock Up 1.3 %

OLLI traded up $1.27 on Wednesday, hitting $102.35. 1,217,702 shares of the company traded hands, compared to its average volume of 1,004,947. The company has a 50 day moving average of $105.58 and a 200-day moving average of $101.01. The stock has a market capitalization of $6.27 billion, a PE ratio of 30.55, a PEG ratio of 2.21 and a beta of 0.83. Ollie's Bargain Outlet Holdings, Inc. has a 12-month low of $68.05 and a 12-month 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, beating the consensus estimate of $0.57 by $0.01. The firm had revenue of $517.43 million during the quarter, compared to the consensus estimate of $518.83 million. Ollie's Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The firm's revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.51 EPS. On average, research analysts anticipate that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

Ollie's Bargain Outlet 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.