Corient Private Wealth LLC Purchases 3,906 Shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

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

Other hedge funds have also recently added to or reduced their stakes in the company. Oak Thistle LLC bought a new stake in shares of Ollie's Bargain Outlet in the 4th quarter valued at $1,345,000. JPMorgan Chase & Co. boosted its position in Ollie's Bargain Outlet by 79.6% during the third quarter. JPMorgan Chase & Co. now owns 189,301 shares of the company's stock valued at $18,400,000 after acquiring an additional 83,882 shares during the last quarter. Van ECK Associates Corp grew its holdings in 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 worth $5,120,000 after acquiring an additional 12,476 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of 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 worth $73,256,000 after acquiring an additional 5,438 shares in the last quarter. Finally, Fred Alger Management LLC lifted its stake in shares of Ollie's Bargain Outlet by 12.1% in the 3rd 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 during the period.

Ollie's Bargain Outlet Stock Performance

Shares of Ollie's Bargain Outlet stock traded up $3.12 during mid-day trading on Monday, hitting $116.36. 1,177,647 shares of the stock were exchanged, compared to its average volume of 1,107,778. The company has a market capitalization of $7.13 billion, a P/E ratio of 34.73, a P/E/G ratio of 2.21 and a beta of 0.83. The company has a 50-day simple moving average of $106.15 and a 200 day simple moving average of $102.48. 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 Wednesday, March 19th. The company reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.20 by ($0.01). The business had revenue of $667.10 million during the quarter, compared to analysts' expectations of $674.61 million. Ollie's Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The firm's revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.23 EPS. Analysts predict that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Bank of America boosted their price target on Ollie's Bargain Outlet from $115.00 to $130.00 and gave the company a "buy" rating in a research note on Wednesday, December 11th. Piper Sandler cut their target price on shares of Ollie's Bargain Outlet from $126.00 to $124.00 and set an "overweight" rating on the stock in a research note on Thursday, March 20th. Royal Bank of Canada lifted their price target on shares of Ollie's Bargain Outlet from $130.00 to $133.00 and gave the company an "outperform" rating in a research note on Friday, March 7th. Jefferies Financial Group cut shares of Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and cut their price objective for the stock from $125.00 to $111.00 in a research report on Tuesday, February 4th. Finally, UBS Group boosted their target price on Ollie's Bargain Outlet from $117.00 to $123.00 and gave the company a "neutral" rating in a research report on Thursday, March 20th. 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. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $123.08.

Insider Buying and Selling

In other news, Chairman John W. Swygert sold 5,232 shares of the firm's stock in a transaction on Friday, March 28th. The stock was sold at an average price of $112.51, for a total value of $588,652.32. Following the completion of the transaction, the chairman now directly owns 48,200 shares of the company's stock, valued at $5,422,982. This trade represents a 9.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert Fisch sold 6,250 shares of the business's stock in a transaction on Monday, March 24th. The shares were 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 approximately $2,394,944.72. The trade was a 22.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 20,153 shares of company stock valued at $2,200,844. 0.87% of the stock is owned by company insiders.

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.