HighTower Advisors LLC Has $1.80 Million Holdings in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

HighTower Advisors LLC grew its holdings in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 37.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,406 shares of the company's stock after buying an additional 4,466 shares during the period. HighTower Advisors LLC's holdings in Ollie's Bargain Outlet were worth $1,800,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in OLLI. Tortoise Investment Management LLC acquired a new position in Ollie's Bargain Outlet during the fourth quarter worth about $45,000. Edgestream Partners L.P. acquired a new position in shares of Ollie's Bargain Outlet in the 4th quarter worth $1,067,000. Callan Family Office LLC acquired a new stake in shares of Ollie's Bargain Outlet during the fourth quarter worth $409,000. Lisanti Capital Growth LLC lifted its holdings in shares of Ollie's Bargain Outlet by 2.5% during the fourth quarter. Lisanti Capital Growth LLC now owns 52,555 shares of the company's stock valued at $5,767,000 after purchasing an additional 1,275 shares during the last quarter. Finally, Vestmark Advisory Solutions Inc. acquired a new position in shares of Ollie's Bargain Outlet in the 4th quarter valued at $3,570,000.

Analysts Set New Price Targets

OLLI has been the topic of several recent analyst reports. Bank of America boosted their target price on shares of 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. Loop Capital boosted their price objective on shares of Ollie's Bargain Outlet from $120.00 to $130.00 and gave the stock a "buy" rating in a research note on Monday, December 23rd. Piper Sandler lowered their target price on Ollie's Bargain Outlet from $126.00 to $124.00 and set an "overweight" rating on the stock in a report on Thursday, March 20th. Craig Hallum raised their price target 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. Finally, UBS Group lifted their price target on shares of Ollie's Bargain Outlet from $117.00 to $123.00 and gave the stock a "neutral" rating in a research note on Thursday, March 20th. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Ollie's Bargain Outlet currently has an average rating of "Moderate Buy" and a consensus price target of $123.08.

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Ollie's Bargain Outlet Price Performance

Ollie's Bargain Outlet stock traded down $1.85 during midday trading on Tuesday, hitting $106.37. The company's stock had a trading volume of 528,642 shares, compared to its average volume of 1,090,893. The company has a 50-day moving average price of $105.30 and a two-hundred day moving average price of $101.85. 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 market cap of $6.52 billion, a price-to-earnings ratio of 31.75, a PEG ratio of 2.21 and a beta of 0.83.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last released its quarterly earnings data on Wednesday, March 19th. The company reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.20 by ($0.01). The business had revenue of $667.10 million during the quarter, compared to analyst estimates of $674.61 million. Ollie's Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. The business's quarterly revenue was up 2.8% compared to the same quarter last year. During the same period last year, the business earned $1.23 earnings per share. Sell-side 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.