Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Shares Purchased by LPL Financial LLC

LPL Financial LLC lifted its holdings in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 4.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 106,980 shares of the company's stock after purchasing an additional 4,772 shares during the quarter. LPL Financial LLC owned 0.17% of Ollie's Bargain Outlet worth $11,643,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Wilmington Savings Fund Society FSB increased its position in shares of Ollie's Bargain Outlet by 337.0% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 236 shares of the company's stock valued at $26,000 after purchasing an additional 182 shares during the last quarter. Bogart Wealth LLC purchased a new stake in shares of Ollie's Bargain Outlet in the fourth quarter valued at $26,000. Blue Trust Inc. raised its stake in shares of Ollie's Bargain Outlet by 55.2% in the fourth quarter. Blue Trust Inc. now owns 284 shares of the company's stock valued at $31,000 after acquiring an additional 101 shares during the period. Harvest Fund Management Co. Ltd bought a new stake in shares of Ollie's Bargain Outlet in the 4th quarter worth about $41,000. Finally, Tortoise Investment Management LLC bought a new position in Ollie's Bargain Outlet during the 4th quarter valued at about $45,000.

Analysts Set New Price Targets

OLLI has been the subject of several analyst reports. Royal Bank of Canada raised their price objective on shares of Ollie's Bargain Outlet from $130.00 to $133.00 and gave the stock an "outperform" rating in a research note on Friday, March 7th. Truist Financial boosted their price objective on Ollie's Bargain Outlet from $109.00 to $121.00 and gave the company a "buy" rating in a report on Wednesday, December 11th. Citigroup raised Ollie's Bargain Outlet from a "sell" rating to a "buy" rating and upped their price objective for the company from $64.00 to $133.00 in a research report on Wednesday, December 18th. Piper Sandler lowered their target price on shares of Ollie's Bargain Outlet from $126.00 to $124.00 and set an "overweight" rating for the company in a research note on Thursday, March 20th. Finally, Wells Fargo & Company raised their price target on shares of Ollie's Bargain Outlet from $95.00 to $105.00 and gave the stock an "equal weight" rating in a research note on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $123.08.

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Insiders Place Their Bets

In other news, CEO Der Valk Eric Van sold 525 shares of the firm's stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $112.94, for a total value of $59,293.50. Following the completion of the transaction, the chief executive officer now directly owns 6,793 shares in the company, valued at $767,201.42. This trade represents a 7.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Robert F. Helm sold 2,145 shares of the stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $108.50, for a total transaction of $232,732.50. Following the completion of the transaction, the chief financial officer now owns 3,888 shares in the company, valued at approximately $421,848. This trade represents a 35.55 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 34,254 shares of company stock valued at $3,812,800. Insiders own 0.87% of the company's stock.

Ollie's Bargain Outlet Trading Down 3.6 %

Shares of OLLI stock traded down $4.17 during trading hours on Friday, reaching $113.29. 1,966,308 shares of the company's stock were exchanged, compared to its average volume of 1,109,594. The company has a market cap of $6.94 billion, a price-to-earnings ratio of 33.82, a P/E/G ratio of 2.21 and a beta of 0.83. Ollie's Bargain Outlet Holdings, Inc. has a fifty-two week low of $70.17 and a fifty-two week high of $120.03. The stock's 50 day moving average is $106.42 and its 200-day moving average is $102.93.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last released its quarterly earnings results on Wednesday, March 19th. The company reported $1.19 EPS for the quarter, missing analysts' consensus estimates of $1.20 by ($0.01). Ollie's Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. The business had revenue of $667.10 million during the quarter, compared to analysts' expectations of $674.61 million. During the same quarter last year, the business posted $1.23 earnings per share. The company's quarterly revenue was up 2.8% compared to the same quarter last year. Equities analysts anticipate that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

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.