Wealth Enhancement Advisory Services LLC Raises Stock Holdings in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Wealth Enhancement Advisory Services LLC raised its stake in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 76.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,984 shares of the company's stock after acquiring an additional 3,018 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Ollie's Bargain Outlet were worth $766,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. First Hawaiian Bank bought a new stake in shares of Ollie's Bargain Outlet during the fourth quarter valued at approximately $2,101,000. Canandaigua National Bank & Trust Co. bought a new stake in shares of Ollie's Bargain Outlet in the 4th quarter worth $248,000. Nordea Investment Management AB raised its stake in shares of Ollie's Bargain Outlet by 3.1% in the fourth quarter. Nordea Investment Management AB now owns 78,400 shares of the company's stock worth $8,669,000 after purchasing an additional 2,354 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Ollie's Bargain Outlet by 35.9% during the fourth quarter. GAMMA Investing LLC now owns 885 shares of the company's stock valued at $97,000 after purchasing an additional 234 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Ollie's Bargain Outlet by 79.6% during the third quarter. JPMorgan Chase & Co. now owns 189,301 shares of the company's stock valued at $18,400,000 after buying an additional 83,882 shares during the last quarter.

Wall Street Analysts Forecast Growth

OLLI has been the subject of a number of recent analyst reports. Wells Fargo & Company boosted their target price on Ollie's Bargain Outlet from $95.00 to $105.00 and gave the stock an "equal weight" rating in a research report on Wednesday, December 11th. Craig Hallum increased 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 report on Wednesday, December 11th. JPMorgan Chase & Co. lifted their target price on shares of Ollie's Bargain Outlet from $105.00 to $135.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 11th. Truist Financial raised their price target on Ollie's Bargain Outlet from $109.00 to $121.00 and gave the stock a "buy" rating in a research note on Wednesday, December 11th. Finally, Loop Capital upped their price objective on 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. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, Ollie's Bargain Outlet currently has a consensus rating of "Moderate Buy" and an average price target of $118.62.

Ollie's Bargain Outlet Stock Performance

Shares of OLLI traded up $2.38 during mid-day trading on Friday, reaching $106.86. The stock had a trading volume of 1,397,541 shares, compared to its average volume of 1,236,067. The business has a fifty day moving average of $104.39 and a 200 day moving average of $98.66. The firm has a market cap of $6.55 billion, a price-to-earnings ratio of 31.90, a PEG ratio of 2.63 and a beta of 0.82. 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 earnings results on Tuesday, December 10th. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.01. The company had revenue of $517.43 million during the quarter, compared to the consensus estimate of $518.83 million. Ollie's Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. Ollie's Bargain Outlet's quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.51 EPS. On average, research analysts forecast that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

Insider Buying and Selling

In other Ollie's Bargain Outlet news, SVP Larry Kraus sold 10,646 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $115.58, for a total transaction of $1,230,464.68. Following the completion of the sale, the senior vice president now directly owns 1,905 shares of the company's stock, valued at $220,179.90. This trade represents a 84.82 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP James J. Comitale sold 5,325 shares of the business's stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $113.95, for a total transaction of $606,783.75. Following the completion of the transaction, 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 87,771 shares of company stock worth $9,650,832. 0.87% of the stock is owned by corporate insiders.

Ollie's Bargain Outlet Company Profile

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.