Hantz Financial Services Inc. Invests $11.01 Million in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Hantz Financial Services Inc. purchased a new stake in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 100,290 shares of the company's stock, valued at approximately $11,005,000. Hantz Financial Services Inc. owned about 0.16% of Ollie's Bargain Outlet at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in OLLI. Holocene Advisors LP increased its holdings in shares of Ollie's Bargain Outlet by 10,159.3% in the 3rd quarter. Holocene Advisors LP now owns 471,413 shares of the company's stock valued at $45,821,000 after purchasing an additional 466,818 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Ollie's Bargain Outlet by 155.8% in the third quarter. Wellington Management Group LLP now owns 483,044 shares of the company's stock worth $46,952,000 after acquiring an additional 294,217 shares during the last quarter. Loomis Sayles & Co. L P acquired a new position in Ollie's Bargain Outlet during the third quarter valued at approximately $16,590,000. Victory Capital Management Inc. lifted its position in Ollie's Bargain Outlet by 84.8% during the third quarter. Victory Capital Management Inc. now owns 313,836 shares of the company's stock valued at $30,505,000 after buying an additional 143,996 shares in the last quarter. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of Ollie's Bargain Outlet during the fourth quarter valued at approximately $11,807,000.

Wall Street Analysts Forecast Growth

OLLI has been the subject of a number of research analyst reports. Citigroup upgraded shares of Ollie's Bargain Outlet from a "sell" rating to a "buy" rating and lifted their price target for the stock from $64.00 to $133.00 in a research note on Wednesday, December 18th. JPMorgan Chase & Co. upped their target price on Ollie's Bargain Outlet from $105.00 to $135.00 and gave the company an "overweight" rating in a report on Wednesday, December 11th. Loop Capital upped their target price on Ollie's Bargain Outlet from $120.00 to $130.00 and gave the stock a "buy" rating in a research report on Monday, December 23rd. Truist Financial upped their target price on Ollie's Bargain Outlet from $109.00 to $121.00 and gave the company a "buy" rating in a research note on Wednesday, December 11th. Finally, Wells Fargo & Company increased their price target on shares of Ollie's Bargain Outlet from $95.00 to $105.00 and gave the company an "equal weight" rating in a research note on Wednesday, December 11th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $118.62.

Ollie's Bargain Outlet Stock Down 1.2 %

NASDAQ:OLLI traded down $1.38 during mid-day trading on Friday, hitting $111.51. 531,622 shares of the stock traded hands, compared to its average volume of 962,068. The business's 50-day moving average price is $108.40 and its 200 day moving average price is $99.51. The company has a market cap of $6.83 billion, a PE ratio of 33.29, a price-to-earnings-growth ratio of 2.78 and a beta of 0.82. 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 announced its earnings results on Tuesday, December 10th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.01. The business had revenue of $517.43 million during the quarter, compared to analyst estimates of $518.83 million. Ollie's Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. Ollie's Bargain Outlet's revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.51 earnings per share. Analysts anticipate that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal year.

Insider Transactions at Ollie's Bargain Outlet

In related news, SVP Larry Kraus sold 10,646 shares of the firm's stock in a transaction on Monday, December 16th. The shares were sold at an average price of $115.58, for a total value of $1,230,464.68. Following the completion of the transaction, the senior vice president now directly owns 1,905 shares of the company's stock, valued at approximately $220,179.90. This trade represents a 84.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO John W. Swygert sold 54,318 shares of Ollie's Bargain Outlet stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $109.44, for a total value of $5,944,561.92. Following the sale, the chief executive officer now owns 48,200 shares of the company's stock, valued at approximately $5,275,008. This trade represents a 52.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 87,771 shares of company stock valued at $9,650,832 in the last three months. 0.87% of the stock is currently owned by company insiders.

Ollie's Bargain Outlet Company 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.