Kingswood Wealth Advisors LLC Makes New Investment in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Kingswood Wealth Advisors LLC acquired a new stake in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 2,533 shares of the company's stock, valued at approximately $278,000.

Several other hedge funds have also recently bought and sold shares of OLLI. Tributary Capital Management LLC increased its stake in Ollie's Bargain Outlet by 1.7% during the fourth quarter. Tributary Capital Management LLC now owns 284,351 shares of the company's stock worth $31,202,000 after purchasing an additional 4,787 shares during the period. Exchange Traded Concepts LLC increased its stake in Ollie's Bargain Outlet by 2.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 8,570 shares of the company's stock worth $940,000 after buying an additional 215 shares during the period. Janney Montgomery Scott LLC lifted its holdings in Ollie's Bargain Outlet by 671.7% during the 4th quarter. Janney Montgomery Scott LLC now owns 62,679 shares of the company's stock worth $6,878,000 after buying an additional 54,557 shares in the last quarter. Park Place Capital Corp purchased a new position in Ollie's Bargain Outlet in the 4th quarter valued at approximately $77,000. Finally, Sheets Smith Wealth Management grew its stake in shares of Ollie's Bargain Outlet by 3.2% in the fourth quarter. Sheets Smith Wealth Management now owns 6,936 shares of the company's stock worth $761,000 after acquiring an additional 217 shares in the last quarter.

Ollie's Bargain Outlet Stock Down 2.0 %

OLLI traded down $2.16 on Tuesday, reaching $105.47. The company had a trading volume of 932,445 shares, compared to its average volume of 1,015,370. Ollie's Bargain Outlet Holdings, Inc. has a 1 year low of $68.05 and a 1 year high of $120.03. The stock has a market capitalization of $6.46 billion, a PE ratio of 31.48, a P/E/G ratio of 2.76 and a beta of 0.81. The stock has a 50-day moving average price of $108.63 and a 200-day moving average price of $99.58.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last posted its earnings results 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 business 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 quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.51 EPS. As a group, analysts expect that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO John W. Swygert sold 54,318 shares of the company's 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 sale, the chief executive officer now directly owns 48,200 shares of the company's stock, valued at approximately $5,275,008. This represents a 52.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP James J. Comitale sold 5,325 shares of the firm's stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $113.95, for a total value of $606,783.75. Following the transaction, the senior vice president now directly owns 3,140 shares in the company, valued at approximately $357,803. This represents a 62.91 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 87,771 shares of company stock valued at $9,650,832. 0.87% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on OLLI shares. Piper Sandler lifted their target price on Ollie's Bargain Outlet from $107.00 to $126.00 and gave the company an "overweight" rating in a report on Wednesday, December 11th. 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 note on Monday, December 23rd. JPMorgan Chase & Co. boosted their price objective on Ollie's Bargain Outlet from $105.00 to $135.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 11th. Craig Hallum raised their target price 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. Finally, StockNews.com cut shares of Ollie's Bargain Outlet from a "hold" rating to a "sell" rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $118.07.

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.