Handelsbanken Fonder AB Increases Holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Handelsbanken Fonder AB lifted its position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 5.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,300 shares of the company’s stock after buying an additional 700 shares during the period. Handelsbanken Fonder AB’s holdings in Ollie’s Bargain Outlet were worth $1,009,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Wellington Management Group LLP lifted its holdings in Ollie’s Bargain Outlet by 141.5% in the third quarter. Wellington Management Group LLP now owns 1,075,882 shares of the company’s stock valued at $83,037,000 after acquiring an additional 630,298 shares during the period. Invesco Ltd. boosted its holdings in shares of Ollie’s Bargain Outlet by 76.1% in the third quarter. Invesco Ltd. now owns 831,522 shares of the company’s stock worth $64,177,000 after buying an additional 359,371 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of Ollie’s Bargain Outlet by 334.7% in the third quarter. AQR Capital Management LLC now owns 305,060 shares of the company’s stock worth $23,444,000 after buying an additional 234,886 shares during the last quarter. Lisanti Capital Growth LLC grew its position in Ollie’s Bargain Outlet by 296.5% during the third quarter. Lisanti Capital Growth LLC now owns 110,255 shares of the company’s stock valued at $8,509,000 after buying an additional 82,445 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in Ollie’s Bargain Outlet by 12.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 722,440 shares of the company’s stock valued at $55,758,000 after buying an additional 81,215 shares during the last quarter.

Insider Buying and Selling

In other Ollie’s Bargain Outlet news, CEO John W. Swygert sold 5,000 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $82.57, for a total transaction of $412,850.00. Following the completion of the transaction, the chief executive officer now owns 48,200 shares in the company, valued at $3,979,874. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Ollie’s Bargain Outlet news, CEO John W. Swygert sold 5,000 shares of the business’s stock in a transaction that occurred 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 directly owns 48,200 shares of the company’s stock, valued at $3,979,874. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO John W. Swygert sold 11,756 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $75.22, for a total value of $884,286.32. Following the sale, the chief executive officer now owns 48,200 shares in the company, valued at $3,625,604. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 27,171 shares of company stock worth $2,084,338. Insiders own 0.86% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on OLLI shares. The Goldman Sachs Group lifted their price target on shares of Ollie’s Bargain Outlet from $91.00 to $104.00 and gave the stock a “buy” rating in a research note on Thursday, March 21st. JPMorgan Chase & Co. lowered their target price on Ollie’s Bargain Outlet from $88.00 to $85.00 and set a “neutral” rating on the stock in a research report on Thursday, March 21st. Craig Hallum boosted their price target on Ollie’s Bargain Outlet from $98.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, March 21st. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $86.00 price objective on shares of Ollie’s Bargain Outlet in a research note on Thursday, March 21st. Finally, Loop Capital raised Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and lifted their price objective for the company from $80.00 to $90.00 in a research report on Friday, April 5th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $84.92.

Ollie’s Bargain Outlet Stock Up 0.1 %

OLLI opened at $74.46 on Monday. Ollie’s Bargain Outlet Holdings, Inc. has a 52 week low of $52.93 and a 52 week high of $84.38. The firm has a 50-day simple moving average of $75.72 and a two-hundred day simple moving average of $75.11. The company has a market capitalization of $4.57 billion, a PE ratio of 25.50 and a beta of 0.76.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings results on Wednesday, March 20th. The company reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.07. The business had revenue of $648.90 million during the quarter, compared to analysts’ expectations of $649.39 million. Ollie’s Bargain Outlet had a return on equity of 12.55% and a net margin of 8.63%. The firm’s revenue for the quarter was up 18.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.84 EPS. As a group, sell-side analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.19 earnings per share for the current year.

Ollie’s Bargain Outlet 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.