Zions Bancorporation N.A. Boosts Stock Position in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Zions Bancorporation N.A. boosted its holdings in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 20.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,918 shares of the company's stock after acquiring an additional 5,714 shares during the period. Zions Bancorporation N.A. owned about 0.06% of Ollie's Bargain Outlet worth $3,722,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the business. Legacy Capital Wealth Partners LLC lifted its position in shares of Ollie's Bargain Outlet by 3.4% in the 4th quarter. Legacy Capital Wealth Partners LLC now owns 2,834 shares of the company's stock worth $311,000 after purchasing an additional 94 shares during the period. Blue Trust Inc. boosted its position in Ollie's Bargain Outlet by 55.2% during the 4th quarter. Blue Trust Inc. now owns 284 shares of the company's stock valued at $31,000 after acquiring an additional 101 shares in the last quarter. UMB Bank n.a. increased its holdings in shares of Ollie's Bargain Outlet by 25.3% in the 4th quarter. UMB Bank n.a. now owns 545 shares of the company's stock valued at $60,000 after acquiring an additional 110 shares during the period. Precision Wealth Strategies LLC raised its position in shares of Ollie's Bargain Outlet by 3.2% in the 4th quarter. Precision Wealth Strategies LLC now owns 3,889 shares of the company's stock worth $427,000 after acquiring an additional 119 shares in the last quarter. Finally, SRS Capital Advisors Inc. lifted its stake in shares of Ollie's Bargain Outlet by 14.4% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,098 shares of the company's stock worth $120,000 after purchasing an additional 138 shares during the last quarter.

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Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. UBS Group boosted their target price on shares of Ollie's Bargain Outlet from $117.00 to $123.00 and gave the stock a "neutral" rating in a report on Thursday, March 20th. Wells Fargo & Company boosted their price objective on shares of Ollie's Bargain Outlet from $95.00 to $105.00 and gave the stock an "equal weight" rating in a research note on Wednesday, December 11th. Morgan Stanley raised their target price on shares of Ollie's Bargain Outlet from $108.00 to $118.00 and gave the company an "equal weight" rating in a research note on Thursday, March 20th. StockNews.com downgraded Ollie's Bargain Outlet from a "hold" rating to a "sell" rating in a research report on Tuesday, February 4th. Finally, Craig Hallum raised their price objective on 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. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Ollie's Bargain Outlet presently has a consensus rating of "Moderate Buy" and an average target price of $123.08.

Insider Buying and Selling at Ollie's Bargain Outlet

In other news, Director Robert Fisch sold 6,250 shares of the company's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $108.08, for a total value of $675,500.00. Following the sale, the director now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Robert F. Helm sold 2,145 shares of the firm's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $108.50, for a total value of $232,732.50. Following the sale, the chief financial officer now directly owns 3,888 shares in the company, valued at approximately $421,848. This trade represents a 35.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.87% of the stock is owned by corporate insiders.

Ollie's Bargain Outlet Stock Up 4.5 %

Shares of Ollie's Bargain Outlet stock traded up $4.90 on Thursday, reaching $113.07. 1,298,452 shares of the stock were exchanged, compared to its average volume of 1,090,780. The business has a 50 day moving average price of $105.66 and a two-hundred day moving average price of $102.02. The firm has a market capitalization of $6.93 billion, a price-to-earnings ratio of 33.75, a PEG ratio of 2.21 and a beta of 0.83. Ollie's Bargain Outlet Holdings, Inc. has a twelve month low of $68.05 and a twelve month high of $120.03.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last released its quarterly earnings data on Wednesday, March 19th. The company reported $1.19 EPS for the quarter, missing the consensus estimate 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 business had revenue of $667.10 million during the quarter, compared to analysts' expectations of $674.61 million. During the same period last year, the company earned $1.23 earnings per share. The firm's revenue was up 2.8% on a year-over-year basis. Research analysts forecast that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current 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.