Mount Yale Investment Advisors LLC Buys New Stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Mount Yale Investment Advisors LLC purchased a new position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 8,607 shares of the company’s stock, valued at approximately $944,000.

A number of other institutional investors have also modified their holdings of OLLI. Blue Trust Inc. grew its holdings in Ollie’s Bargain Outlet by 55.2% during the fourth quarter. Blue Trust Inc. now owns 284 shares of the company’s stock worth $31,000 after acquiring an additional 101 shares during the period. UMB Bank n.a. boosted its position in Ollie’s Bargain Outlet by 25.3% in the 4th quarter. UMB Bank n.a. now owns 545 shares of the company’s stock worth $60,000 after purchasing an additional 110 shares in the last quarter. Trust Point Inc. grew its stake in shares of Ollie’s Bargain Outlet by 1.0% during the 3rd quarter. Trust Point Inc. now owns 13,184 shares of the company’s stock worth $1,281,000 after purchasing an additional 134 shares during the period. FORA Capital LLC increased its holdings in shares of Ollie’s Bargain Outlet by 3.2% during the 3rd quarter. FORA Capital LLC now owns 4,800 shares of the company’s stock valued at $467,000 after purchasing an additional 148 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Ollie’s Bargain Outlet by 37.9% in the 3rd quarter. GAMMA Investing LLC now owns 651 shares of the company’s stock valued at $63,000 after purchasing an additional 179 shares during the period.

Insider Buying and Selling

In other news, SVP Larry Kraus sold 10,646 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $115.58, for a total value of $1,230,464.68. Following the completion of the sale, the senior vice president now owns 1,905 shares of the company’s stock, valued at $220,179.90. This represents a 84.82 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO John W. Swygert sold 4,800 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $102.60, for a total transaction of $492,480.00. Following the sale, the chief executive officer now directly owns 48,200 shares in the company, valued at approximately $4,945,320. The trade was a 9.06 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 87,771 shares of company stock worth $9,650,832. 0.87% of the stock is owned by corporate insiders.

Ollie’s Bargain Outlet Stock Up 0.1 %

Shares of NASDAQ OLLI opened at $113.05 on Tuesday. The firm has a 50-day simple moving average of $106.64 and a 200-day simple moving average of $99.21. The stock has a market capitalization of $6.93 billion, a price-to-earnings ratio of 33.75, a price-to-earnings-growth ratio of 2.75 and a beta of 0.82. Ollie’s Bargain Outlet Holdings, Inc. has a 52 week low of $68.05 and a 52 week high of $120.03.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings data on Tuesday, December 10th. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. The company had revenue of $517.43 million during the quarter, compared to the consensus estimate of $518.83 million. Ollie’s Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. Ollie’s Bargain Outlet’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.51 EPS. As a group, equities research analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on OLLI. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $130.00 price objective on shares of Ollie’s Bargain Outlet in a report on Monday, December 23rd. Craig Hallum lifted their price target on Ollie’s Bargain Outlet from $107.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Wells Fargo & Company increased their price target on Ollie’s Bargain Outlet from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 11th. Citigroup upgraded Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and increased their price target for the stock from $64.00 to $133.00 in a research report on Wednesday, December 18th. Finally, StockNews.com raised Ollie’s Bargain Outlet from a “sell” rating to a “hold” rating in a research note on Thursday, January 23rd. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $118.62.

About Ollie’s Bargain Outlet

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.