Heritage Family Offices LLP Boosts Holdings in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Heritage Family Offices LLP increased its stake in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 104.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,604 shares of the company's stock after buying an additional 2,868 shares during the quarter. Heritage Family Offices LLP's holdings in Ollie's Bargain Outlet were worth $615,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC grew its holdings in shares of Ollie's Bargain Outlet by 37.9% during the third quarter. GAMMA Investing LLC now owns 651 shares of the company's stock valued at $63,000 after buying an additional 179 shares during the last quarter. Eagle Bay Advisors LLC acquired a new position in Ollie's Bargain Outlet during the fourth quarter valued at $79,000. Northwest & Ethical Investments L.P. acquired a new position in Ollie's Bargain Outlet during the third quarter valued at $117,000. LRI Investments LLC lifted its position in Ollie's Bargain Outlet by 2,356.1% during the third quarter. LRI Investments LLC now owns 1,400 shares of the company's stock valued at $130,000 after purchasing an additional 1,343 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in Ollie's Bargain Outlet during the third quarter valued at $151,000.

Insider Activity at Ollie's Bargain Outlet

In other news, SVP James J. Comitale sold 5,325 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $113.95, for a total value of $606,783.75. Following the completion of the sale, the senior vice president now owns 3,140 shares of the company's stock, valued at $357,803. This represents a 62.91 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO John W. Swygert sold 2,400 shares of the stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $102.54, for a total transaction of $246,096.00. Following the completion of the sale, the chief executive officer now directly owns 48,200 shares of the company's stock, valued at approximately $4,942,428. This trade represents a 4.74 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 87,771 shares of company stock valued at $9,650,832. Corporate insiders own 0.87% of the company's stock.

Ollie's Bargain Outlet Stock Performance

Shares of OLLI traded up $7.48 during mid-day trading on Thursday, hitting $104.48. 1,781,154 shares of the company were exchanged, compared to its average volume of 1,219,925. 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 50 day moving average of $104.13 and a 200-day moving average of $98.56. The stock has a market cap of $6.40 billion, a price-to-earnings ratio of 31.19, a price-to-earnings-growth ratio of 2.63 and a beta of 0.82.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last released its quarterly earnings results on Tuesday, December 10th. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.01. Ollie's Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. The firm had revenue of $517.43 million during the quarter, compared to the consensus estimate of $518.83 million. During the same quarter in the prior year, the firm earned $0.51 EPS. The company's revenue for the quarter was up 7.8% on a year-over-year basis. Research analysts anticipate that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on OLLI. Citigroup upgraded shares of Ollie's Bargain Outlet from a "sell" rating to a "buy" rating and boosted their target price for the company from $64.00 to $133.00 in a research report on Wednesday, December 18th. Loop Capital boosted 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 report on Monday, December 23rd. JPMorgan Chase & Co. boosted their target price on shares of 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. Craig Hallum upped their price objective on shares of 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, Wells Fargo & Company upped their price objective on shares of Ollie's Bargain Outlet from $95.00 to $105.00 and gave the stock an "equal weight" rating in a research report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $118.62.

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.