International Assets Investment Management LLC Grows Position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

International Assets Investment Management LLC boosted its stake in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 4,164.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,795 shares of the company’s stock after purchasing an additional 3,706 shares during the period. International Assets Investment Management LLC’s holdings in Ollie’s Bargain Outlet were worth $288,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Envestnet Asset Management Inc. grew its position in Ollie’s Bargain Outlet by 38.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 145,618 shares of the company’s stock worth $11,239,000 after purchasing an additional 40,819 shares during the last quarter. Nordea Investment Management AB purchased a new stake in shares of Ollie’s Bargain Outlet in the 4th quarter valued at $2,372,000. Invesco Ltd. boosted its holdings in shares of Ollie’s Bargain Outlet by 76.1% in the 3rd quarter. Invesco Ltd. now owns 831,522 shares of the company’s stock valued at $64,177,000 after acquiring an additional 359,371 shares during the last quarter. Rhumbline Advisers boosted its holdings in shares of Ollie’s Bargain Outlet by 4.5% in the 3rd quarter. Rhumbline Advisers now owns 182,049 shares of the company’s stock valued at $14,050,000 after acquiring an additional 7,863 shares during the last quarter. Finally, Fred Alger Management LLC boosted its holdings in shares of Ollie’s Bargain Outlet by 5.5% in the 3rd quarter. Fred Alger Management LLC now owns 764,027 shares of the company’s stock valued at $58,968,000 after acquiring an additional 39,693 shares during the last quarter.

Ollie’s Bargain Outlet Stock Performance

NASDAQ:OLLI opened at $74.46 on Friday. The company has a fifty day moving average of $75.72 and a two-hundred day moving average of $75.10. The stock has a market capitalization of $4.57 billion, a PE ratio of 25.50 and a beta of 0.76. Ollie’s Bargain Outlet Holdings, Inc. has a fifty-two week low of $52.93 and a fifty-two week high of $84.38.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings data on Wednesday, March 20th. The company reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.07. The company had revenue of $648.90 million during the quarter, compared to analysts’ expectations of $649.39 million. Ollie’s Bargain Outlet had a net margin of 8.63% and a return on equity of 12.55%. The firm’s revenue for the quarter was up 18.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.84 earnings per share. Research analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.19 earnings per share for the current year.

Insider Activity

In other news, CEO John W. Swygert sold 5,000 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $82.57, for a total value of $412,850.00. Following the completion of the sale, the chief executive officer now directly owns 48,200 shares in the company, valued at $3,979,874. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CEO John W. Swygert sold 5,000 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $82.57, for a total value of $412,850.00. Following the completion of the sale, the chief executive officer now directly owns 48,200 shares in the company, valued at $3,979,874. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO John W. Swygert sold 11,756 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $75.22, for a total transaction of $884,286.32. Following the completion of the sale, the chief executive officer now owns 48,200 shares of the company’s stock, valued at $3,625,604. The disclosure for this sale can be found here. Insiders sold 27,171 shares of company stock worth $2,084,338 over the last three months. Insiders own 0.86% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on OLLI shares. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $86.00 price objective on shares of Ollie’s Bargain Outlet in a report on Thursday, March 21st. The Goldman Sachs Group upped their price objective on shares of Ollie’s Bargain Outlet from $91.00 to $104.00 and gave the company a “buy” rating in a report on Thursday, March 21st. Truist Financial upped their price objective on shares of Ollie’s Bargain Outlet from $78.00 to $80.00 and gave the company a “hold” rating in a report on Thursday, March 21st. Craig Hallum increased 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 report on Thursday, March 21st. Finally, Loop Capital raised shares of Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and increased their price target for the stock from $80.00 to $90.00 in a report on Friday, April 5th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $84.92.

About Ollie’s Bargain Outlet

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.