Barclays PLC Boosts Stake in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Barclays PLC lifted its holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 1,059.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 365,722 shares of the company’s stock after purchasing an additional 334,192 shares during the period. Barclays PLC owned about 0.60% of Ollie’s Bargain Outlet worth $46,959,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Private Trust Co. NA lifted its holdings in Ollie’s Bargain Outlet by 71.3% during the third quarter. Private Trust Co. NA now owns 245 shares of the company’s stock valued at $31,000 after purchasing an additional 102 shares in the last quarter. Assetmark Inc. grew its position in shares of Ollie’s Bargain Outlet by 44.8% in the second quarter. Assetmark Inc. now owns 265 shares of the company’s stock valued at $35,000 after purchasing an additional 82 shares during the period. Shell Asset Management Co. purchased a new stake in shares of Ollie’s Bargain Outlet during the third quarter worth about $37,000. Smartleaf Asset Management LLC increased its stake in shares of Ollie’s Bargain Outlet by 125.0% during the third quarter. Smartleaf Asset Management LLC now owns 342 shares of the company’s stock worth $45,000 after purchasing an additional 190 shares in the last quarter. Finally, MAI Capital Management raised its position in shares of Ollie’s Bargain Outlet by 28.5% during the 2nd quarter. MAI Capital Management now owns 397 shares of the company’s stock worth $52,000 after purchasing an additional 88 shares during the last quarter.

Ollie’s Bargain Outlet Price Performance

OLLI stock opened at $106.28 on Tuesday. The business has a 50 day simple moving average of $111.38 and a 200-day simple moving average of $119.69. The firm has a market capitalization of $6.52 billion, a PE ratio of 29.36, a price-to-earnings-growth ratio of 1.67 and a beta of 0.53. Ollie’s Bargain Outlet Holdings, Inc. has a 1 year low of $97.04 and a 1 year high of $141.74.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings results on Tuesday, December 9th. The company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.71 by $0.04. The firm had revenue of $613.62 million during the quarter, compared to analysts’ expectations of $613.63 million. Ollie’s Bargain Outlet had a return on equity of 12.86% and a net margin of 8.81%.The business’s revenue for the quarter was up 18.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.58 earnings per share. On average, equities research analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

Insider Transactions at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, Chairman John W. Swygert sold 1,126 shares of the firm’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $112.06, for a total value of $126,179.56. Following the completion of the sale, the chairman directly owned 48,200 shares of the company’s stock, valued at $5,401,292. This trade represents a 2.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.87% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Loop Capital upgraded Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $130.00 to $135.00 in a report on Monday, December 22nd. Wells Fargo & Company reduced their target price on Ollie’s Bargain Outlet from $125.00 to $120.00 and set an “equal weight” rating for the company in a report on Friday, December 19th. Royal Bank Of Canada set a $140.00 target price on Ollie’s Bargain Outlet in a research report on Wednesday, December 10th. Piper Sandler reaffirmed an “overweight” rating on shares of Ollie’s Bargain Outlet in a research note on Wednesday, December 10th. Finally, KeyCorp reiterated an “overweight” rating on shares of Ollie’s Bargain Outlet in a research report on Wednesday, December 10th. Twelve investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Ollie’s Bargain Outlet currently has a consensus rating of “Moderate Buy” and a consensus target price of $142.14.

Ollie’s Bargain Outlet Profile

Ollie’s Bargain Outlet is an American discount retailer specializing in closeout merchandise and surplus inventory across a broad range of categories. The company operates a no-frills retail format that offers branded and private-label products at significant markdowns. Its merchandise mix typically includes housewares, electronics, health and beauty items, food products, beauty supplies, books, toys, and seasonal goods.

Founded in 1982 by Oliver E. “Ollie” Rosenberg, the company is headquartered in Harrisburg, Pennsylvania.