Tributary Capital Management LLC Acquires 4,787 Shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Tributary Capital Management LLC increased its holdings in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 1.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 284,351 shares of the company's stock after purchasing an additional 4,787 shares during the quarter. Ollie's Bargain Outlet accounts for about 2.4% of Tributary Capital Management LLC's investment portfolio, making the stock its 5th largest holding. Tributary Capital Management LLC owned approximately 0.46% of Ollie's Bargain Outlet worth $31,202,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Exchange Traded Concepts LLC lifted its holdings in shares of Ollie's Bargain Outlet by 2.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 8,570 shares of the company's stock valued at $940,000 after acquiring an additional 215 shares in the last quarter. Janney Montgomery Scott LLC raised its position in Ollie's Bargain Outlet by 671.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 62,679 shares of the company's stock valued at $6,878,000 after purchasing an additional 54,557 shares during the period. Park Place Capital Corp acquired a new position in shares of Ollie's Bargain Outlet during the fourth quarter worth about $77,000. Sheets Smith Wealth Management boosted its position in shares of Ollie's Bargain Outlet by 3.2% in the fourth quarter. Sheets Smith Wealth Management now owns 6,936 shares of the company's stock worth $761,000 after buying an additional 217 shares during the period. Finally, UMB Bank n.a. grew its position in Ollie's Bargain Outlet by 25.3% in the fourth quarter. UMB Bank n.a. now owns 545 shares of the company's stock valued at $60,000 after acquiring an additional 110 shares in the last quarter.

Insider Activity

In related news, SVP Larry Kraus sold 10,646 shares of Ollie's Bargain Outlet stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $115.58, for a total value of $1,230,464.68. Following the sale, the senior vice president now directly owns 1,905 shares in the company, valued at $220,179.90. This trade represents a 84.82 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO John W. Swygert sold 4,032 shares of the firm's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $102.51, for a total transaction of $413,320.32. Following the completion of the sale, the chief executive officer now owns 48,200 shares in the company, valued at $4,940,982. The trade was a 7.72 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 87,771 shares of company stock valued at $9,650,832. 0.87% of the stock is currently owned by insiders.

Ollie's Bargain Outlet Price Performance

OLLI traded up $0.95 during trading hours on Friday, hitting $112.91. 528,657 shares of the stock were exchanged, compared to its average volume of 1,018,108. The stock has a market cap of $6.92 billion, a price-to-earnings ratio of 33.70, a price-to-earnings-growth ratio of 2.75 and a beta of 0.82. The stock has a 50-day simple moving average of $106.18 and a 200-day simple moving average of $99.13. Ollie's Bargain Outlet Holdings, Inc. has a 12 month low of $68.05 and a 12 month high of $120.03.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last posted its quarterly earnings results on Tuesday, December 10th. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 company had revenue of $517.43 million for the quarter, compared to the consensus estimate of $518.83 million. During the same period last year, the firm posted $0.51 EPS. The company's revenue for the quarter was up 7.8% on a year-over-year basis. Sell-side analysts expect that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

Wall Street Analyst Weigh In

OLLI has been the subject of several analyst reports. Piper Sandler upped their target price on shares of Ollie's Bargain Outlet from $107.00 to $126.00 and gave the company an "overweight" rating in a research note on Wednesday, December 11th. Craig Hallum raised their target price on 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. Bank of America lifted their target price on 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. StockNews.com upgraded Ollie's Bargain Outlet from a "sell" rating to a "hold" rating in a research note on Thursday. Finally, Royal Bank of Canada restated an "outperform" rating and set a $130.00 price objective on shares of Ollie's Bargain Outlet in a report on Monday, December 23rd. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $118.62.

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.