Zurcher Kantonalbank Zurich Cantonalbank Increases Stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Zurcher Kantonalbank Zurich Cantonalbank grew its position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 11.5% during the 4th quarter, Holdings Channel reports. The fund owned 11,214 shares of the company’s stock after buying an additional 1,159 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Ollie’s Bargain Outlet were worth $851,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Treasurer of the State of North Carolina increased its holdings in shares of Ollie’s Bargain Outlet by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 27,065 shares of the company’s stock valued at $2,089,000 after purchasing an additional 140 shares in the last quarter. Precision Wealth Strategies LLC grew its position in Ollie’s Bargain Outlet by 3.0% during the third quarter. Precision Wealth Strategies LLC now owns 5,179 shares of the company’s stock worth $400,000 after buying an additional 149 shares during the period. Teacher Retirement System of Texas increased its holdings in Ollie’s Bargain Outlet by 0.7% in the third quarter. Teacher Retirement System of Texas now owns 22,294 shares of the company’s stock valued at $1,721,000 after buying an additional 151 shares in the last quarter. Sheets Smith Wealth Management lifted its position in shares of Ollie’s Bargain Outlet by 2.5% during the 3rd quarter. Sheets Smith Wealth Management now owns 6,461 shares of the company’s stock valued at $499,000 after acquiring an additional 158 shares during the period. Finally, Diversified Trust Co boosted its stake in shares of Ollie’s Bargain Outlet by 4.8% during the 4th quarter. Diversified Trust Co now owns 3,636 shares of the company’s stock worth $276,000 after acquiring an additional 168 shares in the last quarter.

Ollie’s Bargain Outlet Stock Down 3.4 %

Shares of Ollie’s Bargain Outlet stock opened at $71.91 on Tuesday. The firm has a market cap of $4.41 billion, a PE ratio of 24.63 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. The business’s fifty day moving average is $75.72 and its two-hundred day moving average is $75.12.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings results on Wednesday, March 20th. The company reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.07. The firm had revenue of $648.90 million for 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 firm’s quarterly revenue was up 18.0% on a year-over-year basis. During the same period last year, the company earned $0.84 EPS. Equities research analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.19 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on OLLI shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $86.00 price objective on shares of Ollie’s Bargain Outlet in a report on Thursday, March 21st. Craig Hallum lifted their price target on Ollie’s Bargain Outlet from $98.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, March 21st. Loop Capital upgraded shares of Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $80.00 to $90.00 in a research report on Friday, April 5th. Truist Financial raised their target price 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. Finally, The Goldman Sachs Group upped their price target 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. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $84.92.

Insider Buying and Selling

In other news, CEO John W. Swygert sold 5,000 shares of the business’s 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 sale, the chief executive officer now directly owns 48,200 shares of the company’s stock, valued at approximately $3,979,874. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO John W. Swygert sold 5,000 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $82.57, for a total value of $412,850.00. Following the transaction, the chief executive officer now directly owns 48,200 shares in the company, valued at approximately $3,979,874. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO John W. Swygert sold 11,756 shares of the business’s stock in a transaction dated 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 owns 48,200 shares of the company’s stock, valued at approximately $3,625,604. The disclosure for this sale can be found here. Over the last quarter, insiders sold 27,171 shares of company stock valued at $2,084,338. Insiders own 0.86% of the company’s stock.

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.