Oak Thistle LLC Purchases Shares of 12,258 Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Oak Thistle LLC bought a new stake in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 12,258 shares of the company's stock, valued at approximately $1,345,000.

A number of other large investors also recently bought and sold shares of OLLI. Wedmont Private Capital acquired a new stake in shares of Ollie's Bargain Outlet during the 4th quarter valued at approximately $212,000. Eagle Bay Advisors LLC acquired a new position in shares of Ollie's Bargain Outlet in the fourth quarter worth $79,000. Harbor Capital Advisors Inc. acquired a new stake in shares of Ollie's Bargain Outlet during the fourth quarter valued at $2,049,000. Wealth Enhancement Advisory Services LLC increased its position in Ollie's Bargain Outlet by 76.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,984 shares of the company's stock worth $766,000 after purchasing an additional 3,018 shares in the last quarter. Finally, First Hawaiian Bank acquired a new position in Ollie's Bargain Outlet in the 4th quarter valued at about $2,101,000.

Ollie's Bargain Outlet Trading Down 2.6 %

NASDAQ OLLI traded down $2.63 during trading on Wednesday, reaching $97.00. 1,470,672 shares of the company's stock were exchanged, compared to its average volume of 1,157,572. The firm has a market capitalization of $5.94 billion, a PE ratio of 28.96, a P/E/G ratio of 2.79 and a beta of 0.82. Ollie's Bargain Outlet Holdings, Inc. has a fifty-two week low of $68.05 and a fifty-two week high of $120.03. The company's fifty day simple moving average is $104.10 and its 200-day simple moving average is $98.57.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last released its quarterly earnings data 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 net margin of 9.22% and a return on equity of 13.15%. The firm had revenue of $517.43 million for the quarter, compared to analyst estimates of $518.83 million. During the same quarter in the prior year, the business earned $0.51 EPS. The company's revenue for the quarter was up 7.8% compared to the same quarter last year. Equities analysts forecast that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

Wall Street Analyst Weigh In

OLLI has been the subject of several analyst reports. Bank of America boosted their price target on Ollie's Bargain Outlet from $115.00 to $130.00 and gave the company a "buy" rating in a report on Wednesday, December 11th. 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 research note on Monday, December 23rd. Royal Bank of Canada reissued an "outperform" rating and issued a $130.00 price target on shares of Ollie's Bargain Outlet in a research note on Monday, December 23rd. Wells Fargo & Company lifted their price target on Ollie's Bargain Outlet from $95.00 to $105.00 and gave the company an "equal weight" rating in a report on Wednesday, December 11th. Finally, Citigroup raised shares of Ollie's Bargain Outlet from a "sell" rating to a "buy" rating and raised their target price for the stock from $64.00 to $133.00 in a research report on Wednesday, December 18th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $118.62.

Insider Activity at Ollie's Bargain Outlet

In other news, SVP James J. Comitale sold 5,325 shares of the firm's stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $113.95, for a total transaction of $606,783.75. Following the transaction, the senior vice president now owns 3,140 shares in the company, valued at approximately $357,803. This trade represents a 62.91 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Robert F. Helm sold 2,401 shares of the company's stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $94.68, for a total transaction of $227,326.68. Following the completion of the sale, the chief financial officer now owns 2,021 shares of the company's stock, valued at $191,348.28. This represents a 54.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 90,172 shares of company stock valued at $9,878,158. 0.87% of the stock is owned by corporate insiders.

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.