Congress Wealth Management LLC DE Raises Holdings in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Congress Wealth Management LLC DE grew its position in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 137.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 262,157 shares of the company's stock after purchasing an additional 151,868 shares during the period. Congress Wealth Management LLC DE owned about 0.43% of Ollie's Bargain Outlet worth $28,766,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in OLLI. Oak Thistle LLC bought a new stake in shares of Ollie's Bargain Outlet in the 4th quarter worth approximately $1,345,000. JPMorgan Chase & Co. lifted its stake in Ollie's Bargain Outlet by 79.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 189,301 shares of the company's stock worth $18,400,000 after purchasing an additional 83,882 shares in the last quarter. Van ECK Associates Corp grew its position in shares of Ollie's Bargain Outlet by 36.5% during the 4th quarter. Van ECK Associates Corp now owns 46,659 shares of the company's stock valued at $5,120,000 after purchasing an additional 12,476 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Ollie's Bargain Outlet by 0.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 753,658 shares of the company's stock valued at $73,256,000 after buying an additional 5,438 shares during the period. Finally, Fred Alger Management LLC grew its position in 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 buying an additional 83,063 shares in the last quarter.

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Wall Street Analysts Forecast Growth

OLLI has been the subject of several recent analyst reports. UBS Group boosted their price objective on Ollie's Bargain Outlet from $117.00 to $123.00 and gave the stock a "neutral" rating in a report on Thursday, March 20th. JPMorgan Chase & Co. boosted their price target on shares of 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. StockNews.com cut shares of Ollie's Bargain Outlet from a "hold" rating to a "sell" rating in a research report on Tuesday, February 4th. Wells Fargo & Company increased their price objective on Ollie's Bargain Outlet from $95.00 to $105.00 and gave the company an "equal weight" rating in a research report on Wednesday, December 11th. Finally, Bank of America upped their target price on Ollie's Bargain Outlet from $115.00 to $130.00 and gave the stock a "buy" rating in a research note on Wednesday, December 11th. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $123.08.

Insider Buying and Selling at Ollie's Bargain Outlet

In related news, Director Robert Fisch sold 6,250 shares of the company's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $108.08, for a total value of $675,500.00. Following the sale, the director now owns 22,159 shares in the company, valued at $2,394,944.72. This represents a 22.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.87% of the company's stock.

Ollie's Bargain Outlet Trading Down 1.7 %

Ollie's Bargain Outlet stock traded down $1.85 during trading hours on Tuesday, hitting $106.37. 1,133,675 shares of the stock traded hands, compared to its average volume of 1,091,445. Ollie's Bargain Outlet Holdings, Inc. has a one year low of $68.05 and a one year high of $120.03. The company has a market cap of $6.52 billion, a PE ratio of 31.75, a PEG ratio of 2.21 and a beta of 0.83. The firm's 50-day moving average price is $105.43 and its two-hundred day moving average price is $101.98.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last posted its quarterly earnings data on Wednesday, March 19th. The company reported $1.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.20 by ($0.01). The firm had revenue of $667.10 million during the quarter, compared to the consensus estimate of $674.61 million. Ollie's Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. Ollie's Bargain Outlet's revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.23 EPS. On average, sell-side 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 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.