Mount Yale Investment Advisors LLC Purchases New Shares in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Mount Yale Investment Advisors LLC acquired a new position in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 8,607 shares of the company's stock, valued at approximately $944,000.

A number of other hedge funds have also bought and sold shares of the business. Blue Trust Inc. increased its position in shares of Ollie's Bargain Outlet by 55.2% during the 4th quarter. Blue Trust Inc. now owns 284 shares of the company's stock valued at $31,000 after purchasing an additional 101 shares during the last quarter. UMB Bank n.a. increased its holdings in Ollie's Bargain Outlet by 25.3% during the fourth quarter. UMB Bank n.a. now owns 545 shares of the company's stock valued at $60,000 after buying an additional 110 shares during the last quarter. Trust Point Inc. raised its position in Ollie's Bargain Outlet by 1.0% in the third quarter. Trust Point Inc. now owns 13,184 shares of the company's stock worth $1,281,000 after acquiring an additional 134 shares during the period. FORA Capital LLC boosted its stake in shares of Ollie's Bargain Outlet by 3.2% during the 3rd quarter. FORA Capital LLC now owns 4,800 shares of the company's stock worth $467,000 after acquiring an additional 148 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in shares of Ollie's Bargain Outlet by 37.9% during the 3rd quarter. GAMMA Investing LLC now owns 651 shares of the company's stock valued at $63,000 after acquiring an additional 179 shares during the period.

Analyst Ratings Changes

Several research firms recently weighed in on OLLI. Truist Financial lifted their target price on Ollie's Bargain Outlet from $109.00 to $121.00 and gave the company a "buy" rating in a research report on Wednesday, December 11th. Wells Fargo & Company boosted their price objective on Ollie's Bargain Outlet from $95.00 to $105.00 and gave the company an "equal weight" rating in a research note on Wednesday, December 11th. Royal Bank of Canada restated an "outperform" rating and set a $130.00 target price on shares of Ollie's Bargain Outlet in a research note on Monday, December 23rd. JPMorgan Chase & Co. upped their price target on shares of 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. Finally, Piper Sandler raised their price objective on shares of Ollie's Bargain Outlet from $107.00 to $126.00 and gave the company an "overweight" rating in a research report on Wednesday, December 11th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $118.62.

Ollie's Bargain Outlet Stock Up 0.7 %

NASDAQ OLLI traded up $0.80 during trading on Tuesday, hitting $113.85. 547,836 shares of the stock traded hands, compared to its average volume of 1,106,149. Ollie's Bargain Outlet Holdings, Inc. has a 12-month low of $68.05 and a 12-month high of $120.03. The firm has a 50-day simple moving average of $107.13 and a 200-day simple moving average of $99.30. The company has a market capitalization of $6.98 billion, a P/E ratio of 33.99, a price-to-earnings-growth ratio of 2.75 and a beta of 0.82.

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 analysts' consensus estimates of $0.57 by $0.01. The firm 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%. Ollie's Bargain Outlet's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period last year, the firm posted $0.51 earnings per share. As a group, 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 news, CEO John W. Swygert sold 4,032 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $102.51, for a total value of $413,320.32. Following the sale, the chief executive officer now owns 48,200 shares of the company's stock, valued at approximately $4,940,982. This represents a 7.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Larry Kraus sold 10,646 shares of the company's stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $115.58, for a total transaction of $1,230,464.68. Following the transaction, the senior vice president now owns 1,905 shares in the company, valued at $220,179.90. The trade was a 84.82 % decrease in their ownership of the stock. 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. Insiders own 0.87% of the company's stock.

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.