Versor Investments LP Buys New Holdings in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Versor Investments LP purchased a new position in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,223 shares of the company's stock, valued at approximately $463,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of OLLI. Oppenheimer Asset Management Inc. increased its stake in Ollie's Bargain Outlet by 43.9% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 57,106 shares of the company's stock worth $6,266,000 after purchasing an additional 17,433 shares during the period. NewEdge Wealth LLC bought a new position in shares of Ollie's Bargain Outlet in the fourth quarter worth about $3,570,000. Advisor OS LLC purchased a new position in Ollie's Bargain Outlet in the 4th quarter worth about $213,000. Hudson Edge Investment Partners Inc. lifted its holdings in Ollie's Bargain Outlet by 4.9% during the 4th quarter. Hudson Edge Investment Partners Inc. now owns 5,323 shares of the company's stock valued at $584,000 after buying an additional 250 shares in the last quarter. Finally, Arcadia Investment Management Corp MI purchased a new stake in Ollie's Bargain Outlet in the 4th quarter valued at about $58,000.

Insiders Place Their Bets

In related news, SVP James J. Comitale sold 5,325 shares of Ollie's Bargain Outlet stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $113.95, for a total value of $606,783.75. Following the completion of the sale, the senior vice president now directly owns 3,140 shares in the company, valued at $357,803. This trade represents a 62.91 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO John W. Swygert sold 54,318 shares of the business'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 directly owns 48,200 shares in the company, valued at approximately $5,275,008. This represents a 52.98 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 78,939 shares of company stock valued at $8,745,031. 0.87% of the stock is currently owned by corporate insiders.

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Ollie's Bargain Outlet Stock Performance

NASDAQ:OLLI traded up $0.61 during midday trading on Thursday, reaching $105.99. 331,383 shares of the stock traded hands, compared to its average volume of 959,341. The stock has a market capitalization of $6.49 billion, a PE ratio of 31.64, a price-to-earnings-growth ratio of 2.21 and a beta of 0.81. Ollie's Bargain Outlet Holdings, Inc. has a 12-month low of $68.05 and a 12-month high of $120.03. The business has a 50-day moving average of $106.57 and a two-hundred day moving average of $100.87.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last issued its quarterly earnings data on Tuesday, December 10th. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.57 by $0.01. Ollie's Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The firm had revenue of $517.43 million during the quarter, compared to analyst estimates of $518.83 million. During the same quarter in the prior year, the business posted $0.51 EPS. The business's revenue for the quarter was up 7.8% compared to the same quarter last year. Research analysts anticipate that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on OLLI shares. Craig Hallum raised their target price on shares of Ollie's Bargain Outlet from $107.00 to $130.00 and gave the stock a "buy" rating in a research report on Wednesday, December 11th. Piper Sandler raised their price objective on Ollie's Bargain Outlet from $107.00 to $126.00 and gave the stock an "overweight" rating in a report on Wednesday, December 11th. Bank of America lifted their target price on 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. Jefferies Financial Group downgraded Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and dropped their price target for the stock from $125.00 to $111.00 in a research report on Tuesday, February 4th. Finally, StockNews.com downgraded Ollie's Bargain Outlet from a "hold" rating to a "sell" rating in a report on Tuesday, February 4th. One 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's stock. According to MarketBeat, Ollie's Bargain Outlet has a consensus rating of "Moderate Buy" and an average price target of $118.07.

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.