2,906 Shares in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Acquired by Everpar Advisors LLC

Everpar Advisors LLC bought a new position in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,906 shares of the company's stock, valued at approximately $319,000.

Several other hedge funds have also recently made changes to their positions in OLLI. GAMMA Investing LLC lifted its stake in shares of Ollie's Bargain Outlet by 37.9% during the 3rd quarter. GAMMA Investing LLC now owns 651 shares of the company's stock valued at $63,000 after buying an additional 179 shares in the last quarter. Eagle Bay Advisors LLC bought a new stake in shares of Ollie's Bargain Outlet during the 4th quarter valued at $79,000. Northwest & Ethical Investments L.P. purchased a new stake in Ollie's Bargain Outlet during the 3rd quarter worth about $117,000. LRI Investments LLC boosted its stake in Ollie's Bargain Outlet by 2,356.1% in the 3rd quarter. LRI Investments LLC now owns 1,400 shares of the company's stock worth $130,000 after purchasing an additional 1,343 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in Ollie's Bargain Outlet during the 3rd quarter valued at about $151,000.

Ollie's Bargain Outlet Stock Up 2.3 %

Shares of OLLI traded up $2.38 during trading hours on Friday, hitting $106.86. The company had a trading volume of 1,397,541 shares, compared to its average volume of 975,840. The firm has a market cap of $6.55 billion, a P/E ratio of 31.90, a P/E/G ratio of 2.63 and a beta of 0.82. Ollie's Bargain Outlet Holdings, Inc. has a 52-week low of $68.05 and a 52-week high of $120.03. The stock's 50 day moving average price is $104.39 and its 200 day moving average price is $98.66.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last announced its quarterly earnings data on Tuesday, December 10th. The company reported $0.58 earnings per share 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 business's revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.51 earnings per share. On average, research analysts expect that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on OLLI shares. Wells Fargo & Company raised their price objective on shares of 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. Craig Hallum raised their price target on shares of Ollie's Bargain Outlet from $107.00 to $130.00 and gave the company a "buy" rating in a report on Wednesday, December 11th. Citigroup upgraded shares of Ollie's Bargain Outlet from a "sell" rating to a "buy" rating and boosted their price target for the company from $64.00 to $133.00 in a research report on Wednesday, December 18th. Royal Bank of Canada reiterated an "outperform" rating and issued a $130.00 price objective on shares of Ollie's Bargain Outlet in a research report on Monday, December 23rd. Finally, Bank of America boosted their target price on Ollie's Bargain Outlet from $115.00 to $130.00 and gave the stock a "buy" rating in a research report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Ollie's Bargain Outlet has an average rating of "Moderate Buy" and an average price target of $118.62.

Insiders Place Their Bets

In related news, CEO John W. Swygert sold 54,318 shares of the stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $109.44, for a total value of $5,944,561.92. Following the completion of the transaction, the chief executive officer now directly owns 48,200 shares of the company's stock, valued at $5,275,008. This represents a 52.98 % 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, Director Thomas Hendrickson sold 6,250 shares of the firm's stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $114.74, for a total transaction of $717,125.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 87,771 shares of company stock worth $9,650,832. 0.87% of the stock is currently owned by company insiders.

Ollie's Bargain Outlet Profile

Ollie's Bargain Outlet Holdings, Inc operates as a retailer of brand name merchandise in the United States. The company offers housewares, bed and bath, food, floor coverings, health and beauty aids, books and stationery, toys, and electronics; and other products, including hardware, candy, clothing, sporting goods, pet and lawn, and garden products.