Whittier Trust Co. increased its stake in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 3.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 111,147 shares of the company's stock after buying an additional 3,597 shares during the period. Whittier Trust Co. owned about 0.18% of Ollie's Bargain Outlet worth $12,196,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB raised its stake in shares of Ollie's Bargain Outlet by 337.0% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 236 shares of the company's stock valued at $26,000 after purchasing an additional 182 shares in the last quarter. Bogart Wealth LLC bought a new stake in Ollie's Bargain Outlet in the fourth quarter valued at about $26,000. Blue Trust Inc. raised its stake in 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 buying an additional 101 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new position in Ollie's Bargain Outlet during the 4th quarter worth approximately $41,000. Finally, Tortoise Investment Management LLC acquired a new position in shares of Ollie's Bargain Outlet in the 4th quarter worth approximately $45,000.
Analyst Ratings Changes
Several brokerages recently issued reports on OLLI. Loop Capital raised their price objective on Ollie's Bargain Outlet from $120.00 to $130.00 and gave the stock a "buy" rating in a research note on Monday, December 23rd. Truist Financial lifted their price target on shares of Ollie's Bargain Outlet from $109.00 to $121.00 and gave the company a "buy" rating in a report on Wednesday, December 11th. Jefferies Financial Group lowered shares of Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $125.00 to $111.00 in a research note on Tuesday, February 4th. 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 note on Wednesday, December 11th. Finally, JPMorgan Chase & Co. raised their price target on Ollie's Bargain Outlet from $105.00 to $135.00 and gave the stock an "overweight" rating in a report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Ollie's Bargain Outlet has an average rating of "Moderate Buy" and an average price target of $123.08.
Get Our Latest Report on OLLI
Ollie's Bargain Outlet Stock Performance
Shares of NASDAQ:OLLI traded down $1.85 on Tuesday, hitting $106.37. The company's stock had a trading volume of 1,133,675 shares, compared to its average volume of 1,090,893. The company has a market capitalization of $6.52 billion, a price-to-earnings ratio of 31.75, a price-to-earnings-growth ratio of 2.21 and a beta of 0.83. The stock's 50-day moving average is $105.30 and its two-hundred day moving average is $101.85. 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 posted its quarterly earnings data on Wednesday, March 19th. The company reported $1.19 EPS for the quarter, missing analysts' consensus estimates of $1.20 by ($0.01). Ollie's Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. The company had revenue of $667.10 million for the quarter, compared to analyst estimates of $674.61 million. During the same quarter in the prior year, the business earned $1.23 EPS. Ollie's Bargain Outlet's revenue was up 2.8% compared to the same quarter last year. Equities analysts expect that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal year.
About Ollie's Bargain Outlet
(
Free Report)
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.
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