Harbor Capital Advisors Inc. Takes $2.05 Million Position in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Harbor Capital Advisors Inc. bought a new position in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 18,673 shares of the company's stock, valued at approximately $2,049,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp boosted its holdings in shares of Ollie's Bargain Outlet by 2.1% during the third quarter. State Street Corp now owns 1,871,047 shares of the company's stock worth $181,866,000 after purchasing an additional 38,203 shares during the last quarter. Geode Capital Management LLC boosted its stake in Ollie's Bargain Outlet by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,078,544 shares of the company's stock worth $104,860,000 after buying an additional 9,492 shares during the last quarter. Geneva Capital Management LLC grew its holdings in Ollie's Bargain Outlet by 1.3% in the 3rd quarter. Geneva Capital Management LLC now owns 1,050,469 shares of the company's stock valued at $102,106,000 after buying an additional 13,369 shares during the period. American Century Companies Inc. grew its holdings in Ollie's Bargain Outlet by 5.6% in the 2nd quarter. American Century Companies Inc. now owns 780,064 shares of the company's stock valued at $76,579,000 after buying an additional 41,605 shares during the period. Finally, Fred Alger Management LLC increased its stake 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 acquiring an additional 83,063 shares during the last quarter.

Ollie's Bargain Outlet Stock Up 1.8 %

Shares of NASDAQ OLLI traded up $1.91 during trading on Friday, reaching $106.36. 1,141,961 shares of the stock were exchanged, compared to its average volume of 1,052,560. 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 2.79 and a beta of 0.82. The business's 50-day moving average price is $103.89 and its 200 day moving average price is $98.54. Ollie's Bargain Outlet Holdings, Inc. has a twelve month low of $68.05 and a twelve month high of $120.03.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last issued its quarterly earnings data on Tuesday, December 10th. The company reported $0.58 EPS for the quarter, topping analysts' consensus estimates of $0.57 by $0.01. The firm had revenue of $517.43 million for 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%. The firm's revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.51 EPS. As a group, sell-side analysts expect that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently issued reports on OLLI. Bank of America boosted their target price on shares of Ollie's Bargain Outlet from $115.00 to $130.00 and gave the company a "buy" rating in a report on Wednesday, December 11th. Loop Capital lifted their price target on shares of Ollie's Bargain Outlet from $120.00 to $130.00 and gave the company a "buy" rating in a report on Monday, December 23rd. Truist Financial upped their price objective on Ollie's Bargain Outlet from $109.00 to $121.00 and gave the stock a "buy" rating in a report on Wednesday, December 11th. Craig Hallum increased their target price on Ollie's Bargain Outlet from $107.00 to $130.00 and gave the stock a "buy" rating in a research report on Wednesday, December 11th. Finally, Citigroup raised 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. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $118.62.

Insider Activity at Ollie's Bargain Outlet

In related news, SVP Larry Kraus sold 10,646 shares of the business's stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $115.58, for a total value of $1,230,464.68. Following the completion of the sale, the senior vice president now directly owns 1,905 shares of the company's stock, valued at $220,179.90. The trade was a 84.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Robert F. Helm sold 2,401 shares of the stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $94.68, for a total value of $227,326.68. Following the transaction, the chief financial officer now directly owns 2,021 shares in the company, valued at approximately $191,348.28. This represents a 54.30 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 90,172 shares of company stock valued at $9,878,158. Insiders own 0.87% of the company's stock.

About Ollie's Bargain Outlet

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.