Envestnet Portfolio Solutions Inc. Boosts Stake in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 166.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,101 shares of the company's stock after buying an additional 8,804 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Ollie's Bargain Outlet were worth $1,547,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in OLLI. Oak Thistle LLC bought a new stake in shares of Ollie's Bargain Outlet during the 4th quarter valued at $1,345,000. JPMorgan Chase & Co. grew its holdings 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 purchasing an additional 83,882 shares during the period. Van ECK Associates Corp increased its position in 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 worth $5,120,000 after buying an additional 12,476 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Ollie's Bargain Outlet by 0.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 753,658 shares of the company's stock worth $73,256,000 after buying an additional 5,438 shares during the period. Finally, Fred Alger Management LLC lifted its position in shares of Ollie's Bargain Outlet by 12.1% during the 3rd quarter. Fred Alger Management LLC now owns 772,145 shares of the company's stock valued at $75,052,000 after buying an additional 83,063 shares in the last quarter.

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Ollie's Bargain Outlet Trading Down 1.7 %

Shares of OLLI stock traded down $1.85 on Tuesday, reaching $106.37. The company's stock had a trading volume of 1,133,675 shares, compared to its average volume of 1,091,445. The stock's fifty day simple moving average is $105.43 and its 200-day simple moving average is $101.98. Ollie's Bargain Outlet Holdings, Inc. has a 1 year low of $68.05 and a 1 year high of $120.03. The company has a market capitalization of $6.52 billion, a price-to-earnings ratio of 31.75, a price-to-earnings-growth ratio of 2.21 and a beta of 0.83.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last issued its quarterly earnings data on Wednesday, March 19th. The company reported $1.19 EPS for the quarter, missing analysts' consensus estimates 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 business's quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.23 earnings per share. Equities research analysts forecast that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on OLLI shares. Wells Fargo & Company increased their target price on shares of Ollie's Bargain Outlet from $95.00 to $105.00 and gave the stock an "equal weight" rating in a report on Wednesday, December 11th. Bank of America increased their price objective on shares of 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. Loop Capital lifted their target price on shares of Ollie's Bargain Outlet from $120.00 to $130.00 and gave the company a "buy" rating in a research note on Monday, December 23rd. Craig Hallum increased their price target on Ollie's Bargain Outlet from $107.00 to $130.00 and gave the stock a "buy" rating in a research note on Wednesday, December 11th. Finally, JPMorgan Chase & Co. boosted their price objective on 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. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently 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 other news, Director Robert Fisch sold 6,250 shares of the business'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 transaction of $675,500.00. Following the transaction, the director now owns 22,159 shares of the company's stock, valued at approximately $2,394,944.72. The trade was a 22.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.87% of the company's stock.

About Ollie's Bargain Outlet

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.