Corient Private Wealth LLC Has $926,000 Position in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Corient Private Wealth LLC raised its stake in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 86.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,438 shares of the company's stock after purchasing an additional 3,906 shares during the period. Corient Private Wealth LLC's holdings in Ollie's Bargain Outlet were worth $926,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in OLLI. Oak Thistle LLC acquired a new position in shares of Ollie's Bargain Outlet in the fourth quarter valued at $1,345,000. JPMorgan Chase & Co. grew its position in Ollie's Bargain Outlet by 79.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 189,301 shares of the company's stock worth $18,400,000 after acquiring an additional 83,882 shares during the last quarter. Van ECK Associates Corp increased its stake in shares of Ollie's Bargain Outlet by 36.5% in the fourth quarter. Van ECK Associates Corp now owns 46,659 shares of the company's stock valued at $5,120,000 after buying an additional 12,476 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Ollie's Bargain Outlet by 0.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 753,658 shares of the company's stock valued at $73,256,000 after acquiring an additional 5,438 shares in the last quarter. Finally, Fred Alger Management LLC increased its holdings in shares of Ollie's Bargain Outlet by 12.1% in the third quarter. Fred Alger Management LLC now owns 772,145 shares of the company's stock valued at $75,052,000 after purchasing an additional 83,063 shares in the last quarter.

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Ollie's Bargain Outlet Stock Performance

OLLI traded down $0.21 on Monday, hitting $113.03. 116,272 shares of the company were exchanged, compared to its average volume of 1,103,698. The stock's fifty day moving average is $105.96 and its 200-day moving average is $102.35. The company has a market cap of $6.93 billion, a PE ratio of 33.74, 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 released its quarterly earnings data on Wednesday, March 19th. The company reported $1.19 EPS for the quarter, missing the consensus estimate of $1.20 by ($0.01). Ollie's Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. The company had revenue of $667.10 million during the quarter, compared to analyst estimates of $674.61 million. During the same period in the previous year, the company posted $1.23 EPS. The company's quarterly revenue was up 2.8% compared to the same quarter last year. As a group, equities research analysts expect that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on OLLI shares. Morgan Stanley boosted their target price on Ollie's Bargain Outlet from $108.00 to $118.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 20th. JPMorgan Chase & Co. upped their target price on shares of Ollie's Bargain Outlet from $105.00 to $135.00 and gave the company an "overweight" rating in a research report on Wednesday, December 11th. Jefferies Financial Group cut shares of Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and lowered their price target for the stock from $125.00 to $111.00 in a research report on Tuesday, February 4th. Piper Sandler cut their price objective on shares of Ollie's Bargain Outlet from $126.00 to $124.00 and set an "overweight" rating on the stock in a report on Thursday, March 20th. Finally, Loop Capital lifted their target price 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. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $123.08.

Insider Activity at Ollie's Bargain Outlet

In other Ollie's Bargain Outlet 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Robert F. Helm sold 2,145 shares of Ollie's Bargain Outlet stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $108.50, for a total value of $232,732.50. Following the transaction, the chief financial officer now owns 3,888 shares of the company's stock, valued at $421,848. This represents a 35.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 20,153 shares of company stock worth $2,200,844. Insiders own 0.87% of the company's stock.

Ollie's Bargain Outlet Company 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.