Keybank National Association OH Makes New $806,000 Investment in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Keybank National Association OH purchased a new stake in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 7,342 shares of the company's stock, valued at approximately $806,000.

Several other large investors have also made changes to their positions in OLLI. Congress Asset Management Co. raised its holdings in Ollie's Bargain Outlet by 181.6% during the fourth quarter. Congress Asset Management Co. now owns 1,916,584 shares of the company's stock valued at $210,307,000 after buying an additional 1,235,994 shares in the last quarter. State Street Corp lifted its holdings in Ollie's Bargain Outlet by 2.1% in the 3rd 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 position in Ollie's Bargain Outlet by 0.9% during the third quarter. Geode Capital Management LLC now owns 1,078,544 shares of the company's stock worth $104,860,000 after purchasing an additional 9,492 shares during the period. Geneva Capital Management LLC grew its holdings in Ollie's Bargain Outlet by 1.3% during the third quarter. Geneva Capital Management LLC now owns 1,050,469 shares of the company's stock valued at $102,106,000 after purchasing an additional 13,369 shares during the last quarter. Finally, Fred Alger Management LLC grew its holdings in Ollie's Bargain Outlet by 12.1% during the third quarter. Fred Alger Management LLC now owns 772,145 shares of the company's stock valued at $75,052,000 after purchasing an additional 83,063 shares during the last quarter.

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Analyst Ratings Changes

OLLI has been the subject of several recent analyst reports. Piper Sandler upped their price objective on shares of Ollie's Bargain Outlet from $107.00 to $126.00 and gave the stock an "overweight" rating in a report on Wednesday, December 11th. Bank of America boosted their price objective 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. StockNews.com downgraded Ollie's Bargain Outlet from a "hold" rating to a "sell" rating in a research report on Tuesday, February 4th. Wells Fargo & Company upped their price target on 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. Finally, Loop Capital upped 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. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $118.29.

Ollie's Bargain Outlet Trading Up 1.2 %

Shares of Ollie's Bargain Outlet stock traded up $1.18 during mid-day trading on Wednesday, reaching $102.26. 743,271 shares of the stock were exchanged, compared to its average volume of 993,781. Ollie's Bargain Outlet Holdings, Inc. has a fifty-two week low of $68.05 and a fifty-two week high of $120.03. The company has a market cap of $6.27 billion, a price-to-earnings ratio of 30.54, a price-to-earnings-growth ratio of 2.21 and a beta of 0.83. The firm has a 50-day simple moving average of $105.58 and a 200 day simple moving average of $101.01.

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

Insider Activity at Ollie's Bargain Outlet

In other Ollie's Bargain Outlet news, SVP Larry Kraus sold 10,646 shares of the firm's stock in a transaction dated 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 sale, the senior vice president now owns 1,905 shares in the company, valued at approximately $220,179.90. This trade represents a 84.82 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Thomas Hendrickson sold 6,250 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were 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. 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.