Legacy Wealth Asset Management LLC Takes Position in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Legacy Wealth Asset Management LLC acquired a new position in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 2,944 shares of the company's stock, valued at approximately $323,000.

A number of other large investors also recently bought and sold shares of OLLI. GAMMA Investing LLC lifted its holdings in shares of Ollie's Bargain Outlet by 37.9% in the 3rd 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 period. Eagle Bay Advisors LLC acquired a new stake in Ollie's Bargain Outlet in the fourth quarter valued at $79,000. Northwest & Ethical Investments L.P. purchased a new stake in shares of Ollie's Bargain Outlet during the 3rd quarter worth $117,000. LRI Investments LLC grew its stake in shares of Ollie's Bargain Outlet by 2,356.1% during the 3rd quarter. LRI Investments LLC now owns 1,400 shares of the company's stock worth $130,000 after purchasing an additional 1,343 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Ollie's Bargain Outlet during the 3rd quarter worth $151,000.

Insider Buying and Selling at Ollie's Bargain Outlet

In other Ollie's Bargain Outlet news, Director Thomas Hendrickson sold 6,250 shares of the company's stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $114.74, for a total transaction of $717,125.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO John W. Swygert sold 4,032 shares of Ollie's Bargain Outlet stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $102.51, for a total value of $413,320.32. Following the completion of the transaction, the chief executive officer now directly owns 48,200 shares in the company, valued at $4,940,982. This represents a 7.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 87,771 shares of company stock worth $9,650,832 in the last 90 days. 0.87% of the stock is owned by company insiders.

Ollie's Bargain Outlet Trading Up 2.3 %

Shares of NASDAQ OLLI traded up $2.38 during midday trading on Friday, reaching $106.86. 1,397,541 shares of the stock were exchanged, compared to its average volume of 975,840. The company has a market capitalization of $6.55 billion, a P/E ratio of 31.90, a P/E/G ratio of 2.63 and a beta of 0.82. The stock has a 50 day moving average price of $104.39 and a 200-day moving average price of $98.66. Ollie's Bargain Outlet Holdings, Inc. has a 52-week low of $68.05 and a 52-week high of $120.03.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last issued its quarterly 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. Ollie's Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The company had revenue of $517.43 million during the quarter, compared to the consensus estimate of $518.83 million. During the same period in the previous year, the firm posted $0.51 EPS. Ollie's Bargain Outlet's revenue was up 7.8% on a year-over-year basis. On average, analysts forecast that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

Wall Street Analyst Weigh In

OLLI has been the topic of a number of research analyst reports. Craig Hallum boosted 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 report on Wednesday, December 11th. Piper Sandler upped their price target on Ollie's Bargain Outlet from $107.00 to $126.00 and gave the stock an "overweight" rating in a report on Wednesday, December 11th. Loop Capital lifted their price objective on Ollie's Bargain Outlet from $120.00 to $130.00 and gave the stock a "buy" rating in a report on Monday, December 23rd. StockNews.com lowered Ollie's Bargain Outlet from a "hold" rating to a "sell" rating in a report on Wednesday. Finally, Truist Financial lifted their price target on Ollie's Bargain Outlet from $109.00 to $121.00 and gave the stock a "buy" rating in a research note on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target 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.