NewEdge Wealth LLC Purchases Shares of 32,533 Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

NewEdge Wealth LLC bought a new stake in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 32,533 shares of the company's stock, valued at approximately $3,570,000. NewEdge Wealth LLC owned 0.05% of Ollie's Bargain Outlet at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Royce & Associates LP boosted its position in shares of Ollie's Bargain Outlet by 161.6% during the 3rd quarter. Royce & Associates LP now owns 75,605 shares of the company's stock valued at $7,349,000 after purchasing an additional 46,706 shares in the last quarter. Oak Thistle LLC acquired a new position in Ollie's Bargain Outlet in the fourth quarter worth approximately $1,345,000. JPMorgan Chase & Co. increased its holdings in shares of Ollie's Bargain Outlet by 79.6% in the third quarter. JPMorgan Chase & Co. now owns 189,301 shares of the company's stock valued at $18,400,000 after buying an additional 83,882 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of Ollie's Bargain Outlet by 36.5% during the 4th quarter. Van ECK Associates Corp now owns 46,659 shares of the company's stock valued at $5,120,000 after acquiring an additional 12,476 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Ollie's Bargain Outlet by 0.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 753,658 shares of the company's stock worth $73,256,000 after acquiring an additional 5,438 shares in the last quarter.

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Ollie's Bargain Outlet Trading Up 0.8 %

OLLI stock traded up $0.81 during mid-day trading on Tuesday, hitting $104.44. The stock had a trading volume of 681,138 shares, compared to its average volume of 965,477. Ollie's Bargain Outlet Holdings, Inc. has a 1-year low of $68.05 and a 1-year high of $120.03. The company has a fifty day moving average of $107.15 and a 200 day moving average of $100.79. The stock has a market capitalization of $6.40 billion, a price-to-earnings ratio of 31.17, a PEG ratio of 2.21 and a beta of 0.81.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last released its quarterly earnings data on Tuesday, December 10th. The company reported $0.58 EPS for the quarter, topping analysts' consensus estimates of $0.57 by $0.01. The firm had revenue of $517.43 million for 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 firm's revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.51 earnings per share. As a group, sell-side analysts expect that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal year.

Insider Activity at Ollie's Bargain Outlet

In other Ollie's Bargain Outlet news, CEO John W. Swygert sold 54,318 shares of the business's stock in a transaction dated Tuesday, December 10th. The stock was 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 owns 48,200 shares of the company's stock, valued at $5,275,008. The trade was a 52.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP James J. Comitale sold 5,325 shares of the stock in a transaction dated Wednesday, December 11th. The shares were 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. In the last 90 days, insiders sold 78,939 shares of company stock valued at $8,745,031. Insiders own 0.87% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on OLLI. Loop Capital upped their target price on Ollie's Bargain Outlet from $120.00 to $130.00 and gave the company a "buy" rating in a report on Monday, December 23rd. Citigroup raised shares of 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 note on Wednesday, December 18th. Craig Hallum lifted their target price on shares of Ollie's Bargain Outlet from $107.00 to $130.00 and gave the stock a "buy" rating in a research report on Wednesday, December 11th. Piper Sandler upped their price target 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. Finally, Bank of America lifted their price objective on shares of 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. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $118.07.

Ollie's Bargain Outlet Profile

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.