Natixis Advisors LLC Has $7.86 Million Stake in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Natixis Advisors LLC raised its position in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 151.8% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 71,591 shares of the company's stock after acquiring an additional 43,159 shares during the period. Natixis Advisors LLC owned about 0.12% of Ollie's Bargain Outlet worth $7,856,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of OLLI. Wilmington Savings Fund Society FSB grew its holdings in shares of Ollie's Bargain Outlet by 337.0% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 236 shares of the company's stock valued at $26,000 after acquiring an additional 182 shares in the last quarter. Bogart Wealth LLC bought a new position in Ollie's Bargain Outlet in the fourth quarter valued at approximately $26,000. Blue Trust Inc. grew its stake in 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 purchasing an additional 101 shares in the last quarter. Tortoise Investment Management LLC acquired a new position in shares of Ollie's Bargain Outlet during the 4th quarter worth approximately $45,000. Finally, Arcadia Investment Management Corp MI bought a new stake in shares of Ollie's Bargain Outlet during the 4th quarter worth approximately $58,000.

Analyst Ratings Changes

Several research firms recently weighed in on OLLI. Craig Hallum raised their target price on shares of Ollie's Bargain Outlet from $107.00 to $130.00 and gave the company a "buy" rating in a research note on Wednesday, December 11th. Piper Sandler decreased their price objective on shares of Ollie's Bargain Outlet from $126.00 to $124.00 and set an "overweight" rating for the company in a research report on Thursday, March 20th. Royal Bank of Canada upped their target price on shares of Ollie's Bargain Outlet from $130.00 to $133.00 and gave the company an "outperform" rating in a report on Friday, March 7th. Jefferies Financial Group cut Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and reduced their price target for the stock from $125.00 to $111.00 in a report on Tuesday, February 4th. Finally, Bank of America upped their price objective on Ollie's Bargain Outlet from $115.00 to $130.00 and gave the company a "buy" rating in a research note on Wednesday, December 11th. One 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. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $123.08.

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Ollie's Bargain Outlet Stock Performance

NASDAQ:OLLI traded down $1.85 during mid-day trading on Tuesday, reaching $106.37. 1,133,675 shares of the company's stock were exchanged, compared to its average volume of 1,090,893. The firm has a market capitalization of $6.52 billion, a PE ratio of 31.75, a price-to-earnings-growth ratio of 2.21 and a beta of 0.83. Ollie's Bargain Outlet Holdings, Inc. has a one year low of $68.05 and a one year high of $120.03. The business's fifty day simple moving average is $105.30 and its two-hundred day simple moving average is $101.85.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last announced its earnings results on Wednesday, March 19th. The company reported $1.19 EPS for the quarter, missing the consensus estimate of $1.20 by ($0.01). The business had revenue of $667.10 million for the quarter, compared to the consensus estimate of $674.61 million. Ollie's Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The firm's revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.23 earnings per share. As a group, equities research analysts forecast 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.