Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Shares Bought by Rhumbline Advisers

Rhumbline Advisers grew its stake in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 2.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 163,565 shares of the company's stock after buying an additional 3,691 shares during the quarter. Rhumbline Advisers owned 0.27% of Ollie's Bargain Outlet worth $17,948,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in OLLI. Royce & Associates LP grew its stake in shares of Ollie's Bargain Outlet by 161.6% during the third quarter. Royce & Associates LP now owns 75,605 shares of the company's stock worth $7,349,000 after purchasing an additional 46,706 shares in the last quarter. Oak Thistle LLC acquired a new position in shares of Ollie's Bargain Outlet during the 4th quarter worth about $1,345,000. JPMorgan Chase & Co. increased its holdings in shares of Ollie's Bargain Outlet by 79.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 189,301 shares of the company's stock valued at $18,400,000 after acquiring an additional 83,882 shares during the last quarter. Van ECK Associates Corp raised its position in shares of Ollie's Bargain Outlet by 36.5% during the 4th quarter. Van ECK Associates Corp now owns 46,659 shares of the company's stock worth $5,120,000 after acquiring an additional 12,476 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Ollie's Bargain Outlet by 0.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 753,658 shares of the company's stock worth $73,256,000 after purchasing an additional 5,438 shares during the last quarter.

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Analyst Upgrades and Downgrades

OLLI has been the topic of several recent analyst reports. Piper Sandler increased their price target 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. JPMorgan Chase & Co. increased their target price on shares of Ollie's Bargain Outlet from $105.00 to $135.00 and gave the company an "overweight" rating in a research report on Wednesday, December 11th. Royal Bank of Canada reissued an "outperform" rating and issued a $130.00 price target on shares of Ollie's Bargain Outlet in a research report on Monday, December 23rd. Truist Financial raised their price objective on Ollie's Bargain Outlet from $109.00 to $121.00 and gave the stock a "buy" rating in a report on Wednesday, December 11th. Finally, Citigroup raised Ollie's Bargain Outlet from a "sell" rating to a "buy" rating and boosted their target price for the company from $64.00 to $133.00 in a report on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $118.07.

Ollie's Bargain Outlet Stock Up 2.8 %

Shares of NASDAQ OLLI traded up $2.73 during mid-day trading on Tuesday, hitting $99.00. 1,085,308 shares of the company were exchanged, compared to its average volume of 944,281. The firm has a market cap of $6.07 billion, a price-to-earnings ratio of 29.55, a price-to-earnings-growth ratio of 2.21 and a beta of 0.81. The stock has a 50 day simple moving average of $108.36 and a 200-day simple moving average of $100.44. Ollie's Bargain Outlet Holdings, Inc. has a 1-year low of $68.05 and a 1-year high of $120.03.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last issued its earnings results on Tuesday, December 10th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.01. The business had revenue of $517.43 million for the quarter, compared to the consensus estimate of $518.83 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 7.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.51 earnings per share. Analysts anticipate that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Thomas Hendrickson sold 6,250 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $114.74, for a total value of $717,125.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO John W. Swygert sold 4,800 shares of the business's stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $102.60, for a total transaction of $492,480.00. Following the sale, the chief executive officer now directly owns 48,200 shares in the company, valued at approximately $4,945,320. This represents a 9.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 83,739 shares of company stock valued at $9,237,511 in the last three months. 0.87% of the stock is currently owned by company insiders.

Ollie's Bargain Outlet Profile

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.