Vanguard Group Inc. Has $638.84 Million Holdings in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Vanguard Group Inc. boosted its stake in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 1.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 5,821,957 shares of the company's stock after buying an additional 70,496 shares during the period. Vanguard Group Inc. owned approximately 9.50% of Ollie's Bargain Outlet worth $638,843,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Congress Asset Management Co. raised its holdings in shares of Ollie's Bargain Outlet by 181.6% during the fourth quarter. Congress Asset Management Co. now owns 1,916,584 shares of the company's stock worth $210,307,000 after acquiring an additional 1,235,994 shares during the period. Stephens Investment Management Group LLC acquired a new stake in shares of Ollie's Bargain Outlet in the 4th quarter valued at about $78,356,000. Holocene Advisors LP lifted its holdings in shares of Ollie's Bargain Outlet by 10,159.3% in the third quarter. Holocene Advisors LP now owns 471,413 shares of the company's stock valued at $45,821,000 after purchasing an additional 466,818 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Ollie's Bargain Outlet during the fourth quarter worth about $48,633,000. Finally, Wellington Management Group LLP boosted its position in shares of 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 worth $46,952,000 after buying an additional 294,217 shares during the period.

Analyst Ratings Changes

Several research firms have commented on OLLI. Loop Capital boosted their target price on Ollie's Bargain Outlet from $120.00 to $130.00 and gave the company a "buy" rating in a research note on Monday, December 23rd. Royal Bank of Canada raised their target price on shares of Ollie's Bargain Outlet from $130.00 to $133.00 and gave the company an "outperform" rating in a research report on Friday, March 7th. UBS Group lifted their price target on shares of Ollie's Bargain Outlet from $117.00 to $123.00 and gave the company a "neutral" rating in a research note on Thursday, March 20th. Piper Sandler reduced their price objective on shares of Ollie's Bargain Outlet from $126.00 to $124.00 and set an "overweight" rating for the company in a research note on Thursday, March 20th. Finally, Truist Financial lifted their target price on Ollie's Bargain Outlet from $109.00 to $121.00 and gave the company a "buy" rating in a research report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $123.08.

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Insiders Place Their Bets

In other Ollie's Bargain Outlet news, CFO Robert F. Helm sold 2,145 shares of the business's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $108.50, for a total value of $232,732.50. Following the completion of the sale, the chief financial officer now owns 3,888 shares of the company's stock, valued at $421,848. The trade was a 35.55 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Robert Fisch sold 6,250 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $108.08, for a total transaction of $675,500.00. Following the transaction, the director now directly owns 22,159 shares in the company, valued at $2,394,944.72. This represents a 22.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 20,153 shares of company stock worth $2,200,844 in the last 90 days. Company insiders own 0.87% of the company's stock.

Ollie's Bargain Outlet Stock Up 3.2 %

Shares of OLLI traded up $3.65 during trading hours on Wednesday, hitting $118.20. The company had a trading volume of 1,713,282 shares, compared to its average volume of 1,109,095. The firm has a market cap of $7.24 billion, a price-to-earnings ratio of 35.28, a PEG ratio of 2.21 and a beta of 0.83. The business has a fifty day moving average of $106.16 and a 200-day moving average of $102.59. Ollie's Bargain Outlet Holdings, Inc. has a 12 month low of $68.05 and a 12 month high of $120.03.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last issued its quarterly earnings data on Wednesday, March 19th. The company reported $1.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.01). The company had revenue of $667.10 million for the quarter, compared to analyst estimates 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 was up 2.8% on a year-over-year basis. During the same quarter last year, the business earned $1.23 earnings per share. On average, equities analysts expect that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

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.