Cwm LLC Grows Stock Holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Cwm LLC lifted its position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 25.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,741 shares of the company’s stock after buying an additional 357 shares during the quarter. Cwm LLC’s holdings in Ollie’s Bargain Outlet were worth $132,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Wellington Management Group LLP grew 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 worth $83,037,000 after purchasing an additional 630,298 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Ollie’s Bargain Outlet by 76.1% during the third quarter. Invesco Ltd. now owns 831,522 shares of the company’s stock valued at $64,177,000 after buying an additional 359,371 shares during the last quarter. AQR Capital Management LLC increased its position in shares of Ollie’s Bargain Outlet by 334.7% in the 3rd quarter. AQR Capital Management LLC now owns 305,060 shares of the company’s stock valued at $23,444,000 after acquiring an additional 234,886 shares during the period. Lisanti Capital Growth LLC lifted its position in Ollie’s Bargain Outlet by 296.5% during the 3rd quarter. Lisanti Capital Growth LLC now owns 110,255 shares of the company’s stock worth $8,509,000 after acquiring an additional 82,445 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Ollie’s Bargain Outlet by 12.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 722,440 shares of the company’s stock valued at $55,758,000 after purchasing an additional 81,215 shares during the period.

Insider Activity

In related news, CEO John W. Swygert sold 5,000 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $82.57, for a total value of $412,850.00. Following the completion of the transaction, the chief executive officer now directly owns 48,200 shares of the company’s stock, valued at approximately $3,979,874. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO John W. Swygert sold 5,000 shares of the company’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 owns 48,200 shares of the company’s stock, valued at $3,979,874. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Robert F. Helm sold 2,317 shares of the firm’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $78.14, for a total transaction of $181,050.38. Following the completion of the transaction, the chief financial officer now directly owns 1,777 shares in the company, valued at $138,854.78. The disclosure for this sale can be found here. Insiders have sold a total of 27,171 shares of company stock worth $2,084,338 over the last quarter. 0.86% of the stock is currently owned by corporate insiders.

Ollie’s Bargain Outlet Stock Performance

Shares of NASDAQ OLLI opened at $76.80 on Monday. The firm has a market cap of $4.71 billion, a PE ratio of 26.30 and a beta of 0.76. Ollie’s Bargain Outlet Holdings, Inc. has a one year low of $52.93 and a one year high of $84.38. The firm has a fifty day moving average of $75.08 and a 200 day moving average of $75.15.

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. 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 net margin of 8.63% and a return on equity of 12.55%. The company’s quarterly revenue was up 18.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.84 earnings per share. On average, equities analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.19 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on OLLI shares. Royal Bank of Canada reissued an “outperform” rating and set a $86.00 price target on shares of Ollie’s Bargain Outlet in a research report on Thursday, March 21st. Craig Hallum lifted their price objective 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. The Goldman Sachs Group boosted their price objective on 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 raised Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and raised their target price for the stock from $80.00 to $86.00 in a report on Friday. Finally, JPMorgan Chase & Co. decreased their price target on Ollie’s Bargain Outlet from $88.00 to $85.00 and set a “neutral” rating for the company in a report on Thursday, March 21st. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $85.42.

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.