SG Americas Securities LLC Increases Holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

SG Americas Securities LLC boosted its stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLIFree Report) by 23.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,571 shares of the company’s stock after purchasing an additional 2,398 shares during the period. SG Americas Securities LLC’s holdings in Ollie’s Bargain Outlet were worth $954,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in OLLI. Whittier Trust Co. of Nevada Inc. grew its stake in shares of Ollie’s Bargain Outlet by 5.1% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 68,741 shares of the company’s stock valued at $5,216,000 after buying an additional 3,353 shares in the last quarter. Whittier Trust Co. raised its stake in shares of Ollie’s Bargain Outlet by 2.7% during the fourth quarter. Whittier Trust Co. now owns 134,235 shares of the company’s stock valued at $10,186,000 after purchasing an additional 3,495 shares during the period. Baker Tilly Wealth Management LLC lifted its position in shares of Ollie’s Bargain Outlet by 15.7% during the fourth quarter. Baker Tilly Wealth Management LLC now owns 5,575 shares of the company’s stock worth $423,000 after purchasing an additional 757 shares in the last quarter. Nordea Investment Management AB purchased a new position in shares of Ollie’s Bargain Outlet in the fourth quarter valued at $2,372,000. Finally, Diversified Trust Co boosted its stake in shares of Ollie’s Bargain Outlet by 4.8% in the fourth quarter. Diversified Trust Co now owns 3,636 shares of the company’s stock valued at $276,000 after purchasing an additional 168 shares during the period.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. cut their price objective on shares of Ollie’s Bargain Outlet from $88.00 to $85.00 and set a “neutral” rating on the stock in a report on Thursday, March 21st. Truist Financial raised their price objective on Ollie’s Bargain Outlet from $78.00 to $80.00 and gave the company a “hold” rating in a research note on Thursday, March 21st. The Goldman Sachs Group upped their target price on Ollie’s Bargain Outlet from $91.00 to $104.00 and gave the company a “buy” rating in a research report on Thursday, March 21st. Craig Hallum raised their price target on shares of Ollie’s Bargain Outlet from $98.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, March 21st. Finally, UBS Group upped their price target on shares of Ollie’s Bargain Outlet from $92.00 to $95.00 and gave the company a “neutral” rating in a report on Thursday, December 7th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Ollie’s Bargain Outlet presently has an average rating of “Moderate Buy” and an average price target of $84.08.

View Our Latest Stock Report on OLLI

Insider Activity at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, CFO Robert F. Helm sold 2,317 shares of the company’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $78.14, for a total value of $181,050.38. Following the completion of the transaction, the chief financial officer now owns 1,777 shares in the company, valued at approximately $138,854.78. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Ollie’s Bargain Outlet news, CEO John W. Swygert sold 5,000 shares of Ollie’s Bargain Outlet stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $82.57, for a total transaction of $412,850.00. Following the sale, the chief executive officer now owns 48,200 shares of the company’s stock, valued at approximately $3,979,874. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Robert F. Helm sold 2,317 shares of the business’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of $78.14, for a total value of $181,050.38. Following the transaction, the chief financial officer now owns 1,777 shares of the company’s stock, valued at approximately $138,854.78. The disclosure for this sale can be found here. Insiders have sold a total of 12,587 shares of company stock worth $1,001,401 in the last ninety days. 0.86% of the stock is owned by insiders.

Ollie’s Bargain Outlet Stock Up 1.0 %

Shares of NASDAQ:OLLI opened at $79.57 on Monday. The firm has a 50-day simple moving average of $76.53 and a 200 day simple moving average of $75.53. Ollie’s Bargain Outlet Holdings, Inc. has a fifty-two week low of $52.93 and a fifty-two week high of $84.38. The company has a market cap of $4.88 billion, a PE ratio of 27.25 and a beta of 0.76.

Ollie’s Bargain Outlet (NASDAQ:OLLIGet Free Report) last released its quarterly earnings data on Wednesday, March 20th. The company reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.07. The business had revenue of $648.90 million during the quarter, compared to analyst estimates of $649.39 million. Ollie’s Bargain Outlet had a return on equity of 12.55% and a net margin of 8.63%. The business’s revenue for the quarter was up 18.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.84 EPS. As a group, research analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.19 EPS for the current fiscal year.

Ollie’s Bargain Outlet Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Ollie's Bargain Outlet (NASDAQ:OLLI)

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