Raymond James Financial Services Advisors Inc. Purchases 564 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Raymond James Financial Services Advisors Inc. increased its position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 9.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 6,535 shares of the company’s stock after buying an additional 564 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Ollie’s Bargain Outlet were worth $496,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of OLLI. Raymond James & Associates lifted its position in Ollie’s Bargain Outlet by 3.6% in the 1st quarter. Raymond James & Associates now owns 95,209 shares of the company’s stock worth $4,090,000 after buying an additional 3,348 shares during the last quarter. Cetera Advisor Networks LLC bought a new stake in Ollie’s Bargain Outlet in the first quarter valued at approximately $263,000. MetLife Investment Management LLC lifted its position in Ollie’s Bargain Outlet by 29.7% in the first quarter. MetLife Investment Management LLC now owns 38,049 shares of the company’s stock valued at $1,635,000 after purchasing an additional 8,723 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Ollie’s Bargain Outlet by 7.2% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,515 shares of the company’s stock valued at $924,000 after purchasing an additional 1,451 shares during the last quarter. Finally, Great West Life Assurance Co. Can lifted its position in Ollie’s Bargain Outlet by 3.5% in the first quarter. Great West Life Assurance Co. Can now owns 31,651 shares of the company’s stock valued at $1,398,000 after purchasing an additional 1,081 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. JPMorgan Chase & Co. lowered their price objective on Ollie’s Bargain Outlet from $88.00 to $85.00 and set a “neutral” rating for the company in a research report on Thursday, March 21st. The Goldman Sachs Group boosted their target price on Ollie’s Bargain Outlet from $91.00 to $104.00 and gave the company a “buy” rating in a research note on Thursday, March 21st. Craig Hallum boosted their target price on Ollie’s Bargain Outlet from $98.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, March 21st. Loop Capital raised Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and boosted their target price for the company from $80.00 to $90.00 in a research note on Friday, April 5th. Finally, Truist Financial boosted their target price 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. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $84.92.

Ollie’s Bargain Outlet Trading Up 1.3 %

NASDAQ OLLI opened at $73.21 on Friday. Ollie’s Bargain Outlet Holdings, Inc. has a 12 month low of $52.93 and a 12 month high of $84.38. The stock has a market cap of $4.49 billion, a P/E ratio of 25.07 and a beta of 0.76. The stock’s fifty day moving average price is $76.07 and its 200-day moving average price is $75.09.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its earnings results on Wednesday, March 20th. The company reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.07. Ollie’s Bargain Outlet had a return on equity of 12.55% and a net margin of 8.63%. The firm had revenue of $648.90 million for the quarter, compared to analysts’ expectations of $649.39 million. During the same period in the prior year, the firm posted $0.84 earnings per share. The company’s quarterly revenue was up 18.0% on a year-over-year basis. As a group, analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.18 earnings per share for the current fiscal year.

Insider Transactions at Ollie’s Bargain Outlet

In other news, CEO John W. Swygert sold 11,756 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $75.22, for a total value of $884,286.32. Following the sale, the chief executive officer now directly owns 48,200 shares of the company’s stock, valued at $3,625,604. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CEO John W. Swygert sold 11,756 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $75.22, for a total transaction of $884,286.32. Following the transaction, the chief executive officer now directly owns 48,200 shares of the company’s stock, valued at $3,625,604. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Larry Kraus sold 2,928 shares of the company’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $79.00, for a total value of $231,312.00. Following the transaction, the vice president now directly owns 1,905 shares in the company, valued at $150,495. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,171 shares of company stock valued at $1,722,888. Insiders own 0.86% of the company’s stock.

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.