State Street Corp Raises Holdings in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

State Street Corp grew its holdings in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 2.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,871,047 shares of the company's stock after purchasing an additional 38,203 shares during the quarter. State Street Corp owned approximately 3.05% of Ollie's Bargain Outlet worth $181,866,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Signaturefd LLC grew its holdings in Ollie's Bargain Outlet by 6.4% during the second quarter. Signaturefd LLC now owns 1,727 shares of the company's stock valued at $170,000 after purchasing an additional 104 shares during the period. Trust Point Inc. increased its holdings in Ollie's Bargain Outlet by 1.0% in the 3rd quarter. Trust Point Inc. now owns 13,184 shares of the company's stock worth $1,281,000 after acquiring an additional 134 shares during the last quarter. FORA Capital LLC raised its stake in Ollie's Bargain Outlet by 3.2% in the 3rd quarter. FORA Capital LLC now owns 4,800 shares of the company's stock valued at $467,000 after acquiring an additional 148 shares during the period. GAMMA Investing LLC lifted its holdings in Ollie's Bargain Outlet by 37.9% during the third quarter. GAMMA Investing LLC now owns 651 shares of the company's stock valued at $63,000 after purchasing an additional 179 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in Ollie's Bargain Outlet by 5.6% during the third quarter. Farther Finance Advisors LLC now owns 3,544 shares of the company's stock valued at $344,000 after purchasing an additional 188 shares during the last quarter.

Ollie's Bargain Outlet Price Performance

Shares of NASDAQ:OLLI traded up $1.58 on Friday, hitting $112.77. The company's stock had a trading volume of 1,719,535 shares, compared to its average volume of 1,052,579. The company has a market capitalization of $6.91 billion, a PE ratio of 33.66, a PEG ratio of 2.81 and a beta of 0.85. The company has a 50-day simple moving average of $96.26 and a 200 day simple moving average of $95.19. Ollie's Bargain Outlet Holdings, Inc. has a 1 year low of $68.05 and a 1 year high of $115.98.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last announced its earnings results 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. Ollie's Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. The business 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 earnings per share. Ollie's Bargain Outlet's quarterly revenue was up 7.8% on a year-over-year basis. On average, equities research analysts expect that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal year.

Analysts Set New Price Targets

OLLI has been the topic of several research reports. Bank of America boosted their price target on shares of Ollie's Bargain Outlet from $115.00 to $130.00 and gave the company a "buy" rating in a research report on Wednesday. Craig Hallum lifted their price objective on shares of Ollie's Bargain Outlet from $107.00 to $130.00 and gave the company a "buy" rating in a research note on Wednesday. Truist Financial increased their target price on Ollie's Bargain Outlet from $109.00 to $121.00 and gave the stock a "buy" rating in a research report on Wednesday. JPMorgan Chase & Co. raised their price target on Ollie's Bargain Outlet from $105.00 to $135.00 and gave the stock an "overweight" rating in a report on Wednesday. Finally, Loop Capital boosted their price objective on Ollie's Bargain Outlet from $110.00 to $120.00 and gave the company a "buy" rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $116.58.

Insider Transactions at Ollie's Bargain Outlet

In other news, CFO Robert F. Helm sold 2,401 shares of the business's stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $94.68, for a total value of $227,326.68. Following the completion of the sale, the chief financial officer now directly owns 2,021 shares in the company, valued at approximately $191,348.28. The trade was a 54.30 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO John W. Swygert sold 54,318 shares of the company's stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $109.44, for a total transaction of $5,944,561.92. Following the completion of the sale, the chief executive officer now directly owns 48,200 shares of the company's stock, valued at $5,275,008. This trade represents a 52.98 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 95,755 shares of company stock valued at $10,165,712. Insiders own 0.87% of the company's stock.

About Ollie's Bargain Outlet

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.