Stevens Capital Management LP Acquires Shares of 6,078 Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Stevens Capital Management LP purchased a new stake in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 6,078 shares of the company's stock, valued at approximately $667,000.

Several other hedge funds and other institutional investors have also made changes to their positions in OLLI. Wilmington Savings Fund Society FSB raised its stake in Ollie's Bargain Outlet by 337.0% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 236 shares of the company's stock valued at $26,000 after acquiring an additional 182 shares in the last quarter. Bogart Wealth LLC bought a new stake in shares of Ollie's Bargain Outlet during the fourth quarter valued at about $26,000. Blue Trust Inc. raised its stake in shares of Ollie's Bargain Outlet by 55.2% during the fourth quarter. Blue Trust Inc. now owns 284 shares of the company's stock valued at $31,000 after purchasing an additional 101 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in Ollie's Bargain Outlet in the fourth quarter worth about $41,000. Finally, Tortoise Investment Management LLC bought a new position in Ollie's Bargain Outlet in the 4th quarter valued at about $45,000.

Ollie's Bargain Outlet Trading Down 1.7 %

Shares of OLLI traded down $1.85 during midday trading on Tuesday, hitting $106.37. The stock had a trading volume of 1,133,174 shares, compared to its average volume of 1,090,893. The business has a 50-day simple moving average of $105.30 and a two-hundred day simple moving average of $101.85. The firm 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 Holdings, Inc. has a fifty-two week low of $68.05 and a fifty-two week high of $120.03.

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Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last posted 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 firm had revenue of $667.10 million for 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 company's revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.23 earnings per share. On average, analysts expect that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

OLLI has been the subject of a number of research analyst reports. Morgan Stanley upped their price target on shares of Ollie's Bargain Outlet from $108.00 to $118.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 20th. Loop Capital upped their target price on Ollie's Bargain Outlet from $120.00 to $130.00 and gave the stock a "buy" rating in a research report on Monday, December 23rd. JPMorgan Chase & Co. increased their price target on Ollie's Bargain Outlet from $105.00 to $135.00 and gave the company an "overweight" rating in a research note on Wednesday, December 11th. UBS Group boosted their price objective on 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. Finally, Royal Bank of Canada raised their target price 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 analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $123.08.

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.