Farther Finance Advisors LLC Sells 2,741 Shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Farther Finance Advisors LLC trimmed its position in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 77.3% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 803 shares of the company's stock after selling 2,741 shares during the period. Farther Finance Advisors LLC's holdings in Ollie's Bargain Outlet were worth $88,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Congress Asset Management Co. increased its position in shares of Ollie's Bargain Outlet by 181.6% during the fourth quarter. Congress Asset Management Co. now owns 1,916,584 shares of the company's stock valued at $210,307,000 after acquiring an additional 1,235,994 shares during the last quarter. State Street Corp increased its position in shares of Ollie's Bargain Outlet by 2.1% during the 3rd quarter. State Street Corp now owns 1,871,047 shares of the company's stock valued at $181,866,000 after purchasing an additional 38,203 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Ollie's Bargain Outlet by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,078,544 shares of the company's stock worth $104,860,000 after purchasing an additional 9,492 shares during the period. Fred Alger Management LLC boosted its holdings in shares of Ollie's Bargain Outlet by 12.1% in the 3rd quarter. Fred Alger Management LLC now owns 772,145 shares of the company's stock worth $75,052,000 after buying an additional 83,063 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Ollie's Bargain Outlet by 0.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 756,051 shares of the company's stock valued at $82,961,000 after buying an additional 2,393 shares during the period.

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Wall Street Analyst Weigh In

OLLI has been the subject of a number of research reports. Loop Capital increased their target price on shares of Ollie's Bargain Outlet from $120.00 to $130.00 and gave the company a "buy" rating in a research report on Monday, December 23rd. Citigroup raised Ollie's Bargain Outlet from a "sell" rating to a "buy" rating and increased their price objective for the company from $64.00 to $133.00 in a report on Wednesday, December 18th. Craig Hallum boosted 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. StockNews.com downgraded Ollie's Bargain Outlet from a "hold" rating to a "sell" rating in a research note on Tuesday, February 4th. Finally, Royal Bank of Canada boosted their price objective on Ollie's Bargain Outlet from $130.00 to $133.00 and gave the company an "outperform" rating in a research note on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $123.08.

Ollie's Bargain Outlet Trading Down 1.7 %

Shares of Ollie's Bargain Outlet stock traded down $1.85 on Tuesday, reaching $106.37. The stock had a trading volume of 1,133,675 shares, compared to its average volume of 1,090,893. The business's 50 day moving average is $105.30 and its two-hundred day moving average is $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 P/E ratio of 31.75, a price-to-earnings-growth ratio of 2.21 and a beta of 0.83.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last posted its earnings results on Wednesday, March 19th. The company reported $1.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.01). The firm had revenue of $667.10 million during the quarter, compared to analysts' expectations of $674.61 million. Ollie's Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The business's revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.23 earnings per share. On average, equities analysts anticipate that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal 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.