Yousif Capital Management LLC Has $2.45 Million Position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Yousif Capital Management LLC cut its holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 2.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 21,026 shares of the company’s stock after selling 575 shares during the quarter. Yousif Capital Management LLC’s holdings in Ollie’s Bargain Outlet were worth $2,447,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Corient Private Wealth LLC increased its position in shares of Ollie’s Bargain Outlet by 86.2% during the fourth quarter. Corient Private Wealth LLC now owns 8,438 shares of the company’s stock worth $926,000 after acquiring an additional 3,906 shares in the last quarter. Next Century Growth Investors LLC lifted its holdings in shares of Ollie’s Bargain Outlet by 27.6% in the fourth quarter. Next Century Growth Investors LLC now owns 162,136 shares of the company’s stock valued at $17,791,000 after purchasing an additional 35,075 shares in the last quarter. Caxton Associates LP acquired a new position in shares of Ollie’s Bargain Outlet during the fourth quarter worth about $438,000. Schonfeld Strategic Advisors LLC grew its holdings in shares of Ollie’s Bargain Outlet by 85.2% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 5,800 shares of the company’s stock worth $636,000 after buying an additional 2,668 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in Ollie’s Bargain Outlet by 130.5% in the 4th quarter. JPMorgan Chase & Co. now owns 436,366 shares of the company’s stock valued at $47,882,000 after buying an additional 247,065 shares during the last quarter.

Wall Street Analysts Forecast Growth

OLLI has been the subject of a number of recent research reports. Truist Financial upped their price target on Ollie’s Bargain Outlet from $126.00 to $128.00 and gave the stock a “buy” rating in a research report on Wednesday, June 4th. Piper Sandler reiterated an “overweight” rating and issued a $123.00 price target (down from $124.00) on shares of Ollie’s Bargain Outlet in a research note on Wednesday, June 4th. Morgan Stanley increased their price objective on shares of Ollie’s Bargain Outlet from $108.00 to $118.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 20th. Wall Street Zen raised Ollie’s Bargain Outlet from a “sell” rating to a “hold” rating in a research report on Tuesday, May 13th. Finally, KeyCorp reissued an “overweight” rating and set a $135.00 price target on shares of Ollie’s Bargain Outlet in a research report on Wednesday, June 4th. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, Ollie’s Bargain Outlet has a consensus rating of “Moderate Buy” and a consensus price target of $124.50.

Ollie’s Bargain Outlet Stock Performance

NASDAQ OLLI opened at $114.48 on Friday. Ollie’s Bargain Outlet Holdings, Inc. has a 52-week low of $86.05 and a 52-week high of $122.15. The stock has a market cap of $7.02 billion, a PE ratio of 34.17, a P/E/G ratio of 2.21 and a beta of 0.37. The firm has a 50-day moving average of $111.84 and a 200-day moving average of $108.88.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings data on Tuesday, June 3rd. The company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.05. The company had revenue of $576.77 million during the quarter, compared to analysts’ expectations of $565.04 million. Ollie’s Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The business’s revenue was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.73 earnings per share. As a group, analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

Insider Transactions at Ollie’s Bargain Outlet

In other news, Chairman John W. Swygert sold 6,526 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $107.87, for a total value of $703,959.62. Following the completion of the sale, the chairman now directly owns 53,432 shares in the company, valued at approximately $5,763,709.84. The trade was a 10.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Robert F. Helm sold 312 shares of the stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $107.17, for a total value of $33,437.04. Following the sale, the chief financial officer now directly owns 3,273 shares in the company, valued at $350,767.41. This represents a 8.70% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 37,897 shares of company stock valued at $4,227,970. 0.75% of the stock is currently owned by corporate insiders.

Ollie’s Bargain Outlet Company Profile

Ollie’s Bargain Outlet Holdings, Inc is a holding company, which engages in the retail of closeouts, excess inventory, and salvage merchandise. It offers overstocks, package changes, manufacturer refurbished goods, and irregulars. The company’s products include housewares, food, books and stationery, bed and bath, floor coverings, electronics and toys.