Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Shares Purchased by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lifted its stake in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 43.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 57,106 shares of the company's stock after acquiring an additional 17,433 shares during the period. Oppenheimer Asset Management Inc. owned 0.09% of Ollie's Bargain Outlet worth $6,266,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Congress Asset Management Co. grew its stake in Ollie's Bargain Outlet by 181.6% in the fourth quarter. Congress Asset Management Co. now owns 1,916,584 shares of the company's stock valued at $210,307,000 after purchasing an additional 1,235,994 shares during the last quarter. Stephens Investment Management Group LLC purchased a new position in shares of Ollie's Bargain Outlet in the 4th quarter worth approximately $78,356,000. Holocene Advisors LP raised its stake in shares of Ollie's Bargain Outlet by 10,159.3% during the 3rd quarter. Holocene Advisors LP now owns 471,413 shares of the company's stock worth $45,821,000 after acquiring an additional 466,818 shares in the last quarter. Wellington Management Group LLP lifted its position in Ollie's Bargain Outlet by 155.8% during the third quarter. Wellington Management Group LLP now owns 483,044 shares of the company's stock valued at $46,952,000 after acquiring an additional 294,217 shares during the last quarter. Finally, Loomis Sayles & Co. L P acquired a new stake in Ollie's Bargain Outlet in the third quarter valued at approximately $16,590,000.

Wall Street Analysts Forecast Growth

OLLI has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. upped their price target on Ollie's Bargain Outlet from $105.00 to $135.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 11th. Jefferies Financial Group lowered Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and reduced their target price for the company from $125.00 to $111.00 in a research report on Tuesday, February 4th. Truist Financial increased their price target on Ollie's Bargain Outlet from $109.00 to $121.00 and gave the company a "buy" rating in a research note on Wednesday, December 11th. Craig Hallum boosted their price target on Ollie's Bargain Outlet from $107.00 to $130.00 and gave the stock a "buy" rating in a research note on Wednesday, December 11th. Finally, Citigroup raised shares of 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 research report on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $118.07.

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Ollie's Bargain Outlet Trading Up 1.0 %

Shares of OLLI stock traded up $1.00 during trading hours on Tuesday, hitting $104.63. The company's stock had a trading volume of 681,138 shares, compared to its average volume of 965,477. The company has a 50 day moving average of $107.15 and a 200 day moving average of $100.79. Ollie's Bargain Outlet Holdings, Inc. has a 12-month low of $68.05 and a 12-month high of $120.03. The stock has a market cap of $6.41 billion, a PE ratio of 31.17, a price-to-earnings-growth ratio of 2.21 and a beta of 0.81.

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 analysts' consensus estimates of $0.57 by $0.01. The business had revenue of $517.43 million during the quarter, compared to analyst estimates of $518.83 million. Ollie's Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The company's revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the business posted $0.51 EPS. As a group, analysts anticipate that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal year.

Insider Transactions at Ollie's Bargain Outlet

In related news, CEO John W. Swygert sold 2,400 shares of the stock in a transaction on Friday, December 6th. The shares were sold at an average price of $102.54, for a total transaction of $246,096.00. Following the sale, the chief executive officer now directly owns 48,200 shares of the company's stock, valued at approximately $4,942,428. This represents a 4.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Larry Kraus sold 10,646 shares of Ollie's Bargain Outlet stock in a transaction on Monday, December 16th. The shares were sold at an average price of $115.58, for a total transaction of $1,230,464.68. Following the completion of the transaction, the senior vice president now directly owns 1,905 shares of the company's stock, valued at $220,179.90. The trade was a 84.82 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 78,939 shares of company stock valued at $8,745,031 in the last 90 days. 0.87% of the stock is currently owned by company insiders.

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.