US Bancorp DE Increases Stock Holdings in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

US Bancorp DE raised its holdings in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 38.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,608 shares of the company's stock after buying an additional 11,587 shares during the quarter. US Bancorp DE owned about 0.07% of Ollie's Bargain Outlet worth $4,566,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Legacy Capital Wealth Partners LLC grew its holdings in shares of Ollie's Bargain Outlet by 3.4% during the fourth quarter. Legacy Capital Wealth Partners LLC now owns 2,834 shares of the company's stock worth $311,000 after buying an additional 94 shares in the last quarter. Blue Trust Inc. grew its holdings 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 worth $31,000 after buying an additional 101 shares in the last quarter. UMB Bank n.a. grew its holdings in shares of Ollie's Bargain Outlet by 25.3% during the fourth quarter. UMB Bank n.a. now owns 545 shares of the company's stock worth $60,000 after buying an additional 110 shares in the last quarter. Precision Wealth Strategies LLC grew its holdings in shares of Ollie's Bargain Outlet by 3.2% during the fourth quarter. Precision Wealth Strategies LLC now owns 3,889 shares of the company's stock worth $427,000 after buying an additional 119 shares in the last quarter. Finally, FORA Capital LLC boosted its position in shares of Ollie's Bargain Outlet by 3.2% during 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 last quarter.

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Ollie's Bargain Outlet Stock Performance

Shares of OLLI traded down $2.22 during mid-day trading on Friday, hitting $103.03. 1,463,989 shares of the company's stock were exchanged, compared to its average volume of 988,843. The company has a market cap of $6.31 billion, a price-to-earnings ratio of 30.76, a P/E/G 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. The stock's 50-day moving average is $105.99 and its 200-day moving average is $100.97.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last issued its quarterly earnings results on Tuesday, December 10th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.01. The business had revenue of $517.43 million for the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.51 earnings per share. As a group, equities research analysts anticipate that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

Insider Transactions at Ollie's Bargain Outlet

In related news, SVP James J. Comitale sold 5,325 shares of the company's stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $113.95, for a total transaction of $606,783.75. Following the sale, the senior vice president now directly owns 3,140 shares in the company, valued at approximately $357,803. This represents a 62.91 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO John W. Swygert sold 54,318 shares of the company's stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $109.44, for a total transaction of $5,944,561.92. Following the sale, the chief executive officer now owns 48,200 shares in the company, valued at $5,275,008. The trade was a 52.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 76,539 shares of company stock valued at $8,498,935. 0.87% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. 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, December 11th. Citigroup raised shares of Ollie's Bargain Outlet from a "sell" rating to a "buy" rating and boosted their price target for the company from $64.00 to $133.00 in a research report on Wednesday, December 18th. JPMorgan Chase & Co. boosted their price target 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. Loop Capital boosted their price target 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. Finally, StockNews.com cut shares of Ollie's Bargain Outlet from a "hold" rating to a "sell" rating in a research report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, Ollie's Bargain Outlet has a consensus rating of "Moderate Buy" and a consensus price target of $118.29.

Ollie's Bargain Outlet Company 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.