Whittier Trust Co. of Nevada Inc. Increases Stake in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Whittier Trust Co. of Nevada Inc. boosted its position in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 5.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 56,259 shares of the company's stock after purchasing an additional 2,675 shares during the period. Whittier Trust Co. of Nevada Inc. owned about 0.09% of Ollie's Bargain Outlet worth $6,173,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Oak Thistle LLC bought a new position in Ollie's Bargain Outlet in the fourth quarter valued at about $1,345,000. JPMorgan Chase & Co. increased its stake in Ollie's Bargain Outlet by 79.6% in the third quarter. JPMorgan Chase & Co. now owns 189,301 shares of the company's stock valued at $18,400,000 after purchasing an additional 83,882 shares in the last quarter. Van ECK Associates Corp grew its holdings in shares of Ollie's Bargain Outlet by 36.5% in the 4th quarter. Van ECK Associates Corp now owns 46,659 shares of the company's stock valued at $5,120,000 after buying an additional 12,476 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Ollie's Bargain Outlet by 0.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 753,658 shares of the company's stock valued at $73,256,000 after acquiring an additional 5,438 shares during the period. Finally, Fred Alger Management LLC raised its holdings in shares of Ollie's Bargain Outlet by 12.1% during the third quarter. Fred Alger Management LLC now owns 772,145 shares of the company's stock worth $75,052,000 after acquiring an additional 83,063 shares during the period.

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Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on OLLI. Craig Hallum lifted their target price on 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. Citigroup raised shares of Ollie's Bargain Outlet from a "sell" rating to a "buy" rating and boosted their price target for the stock from $64.00 to $133.00 in a research report on Wednesday, December 18th. Truist Financial raised their price target on Ollie's Bargain Outlet from $109.00 to $121.00 and gave the company a "buy" rating in a research note on Wednesday, December 11th. Jefferies Financial Group downgraded shares of Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and cut their target price for the company from $125.00 to $111.00 in a research note on Tuesday, February 4th. Finally, JPMorgan Chase & Co. increased their price target on Ollie's Bargain Outlet from $105.00 to $135.00 and gave the company an "overweight" rating in a research note on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $123.08.

Ollie's Bargain Outlet Stock Down 1.8 %

Shares of NASDAQ OLLI traded down $1.91 during trading hours on Tuesday, reaching $106.32. 321,853 shares of the stock traded hands, compared to its average volume of 1,090,893. The company has a market capitalization of $6.51 billion, a P/E ratio of 31.77, a price-to-earnings-growth ratio of 2.21 and a beta of 0.83. Ollie's Bargain Outlet Holdings, Inc. has a 52-week low of $68.05 and a 52-week high of $120.03. The company's 50-day simple moving average is $105.30 and its two-hundred day simple moving average is $101.85.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last released its quarterly earnings data on Wednesday, March 19th. The company reported $1.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.20 by ($0.01). The firm had revenue of $667.10 million during the quarter, compared to analysts' expectations of $674.61 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 revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.23 EPS. As a group, sell-side analysts forecast that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal year.

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.