FSM Wealth Advisors LLC Takes $255,000 Position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

FSM Wealth 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 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,440 shares of the company’s stock, valued at approximately $255,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. raised its stake in Ollie’s Bargain Outlet by 55.2% in the 4th quarter. Blue Trust Inc. now owns 284 shares of the company’s stock valued at $31,000 after acquiring an additional 101 shares during the period. UMB Bank n.a. raised its position in shares of Ollie’s Bargain Outlet by 25.3% in the fourth quarter. UMB Bank n.a. now owns 545 shares of the company’s stock valued at $60,000 after purchasing an additional 110 shares during the period. GAMMA Investing LLC lifted its stake in shares of Ollie’s Bargain Outlet by 37.9% during the 3rd quarter. GAMMA Investing LLC now owns 651 shares of the company’s stock valued at $63,000 after buying an additional 179 shares in the last quarter. Park Place Capital Corp bought a new position in Ollie’s Bargain Outlet in the 4th quarter worth approximately $77,000. Finally, Eagle Bay Advisors LLC purchased a new position in Ollie’s Bargain Outlet in the 4th quarter valued at approximately $79,000.

Ollie’s Bargain Outlet Stock Performance

Shares of NASDAQ:OLLI opened at $107.63 on Tuesday. The firm has a fifty day moving average of $108.54 and a 200 day moving average of $99.54. The firm has a market capitalization of $6.60 billion, a PE ratio of 32.13, a price-to-earnings-growth ratio of 2.76 and a beta of 0.81. 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, topping the consensus estimate of $0.57 by $0.01. The firm had revenue of $517.43 million for the quarter, compared to the consensus estimate of $518.83 million. Ollie’s Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The company’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.51 earnings per share. On average, sell-side analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on OLLI. Loop Capital raised their price target on Ollie’s Bargain Outlet from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. Craig Hallum raised their target price on Ollie’s Bargain Outlet from $107.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Truist Financial upped their price target on Ollie’s Bargain Outlet from $109.00 to $121.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. JPMorgan Chase & Co. raised their price objective on shares of Ollie’s Bargain Outlet from $105.00 to $135.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Finally, StockNews.com upgraded shares of 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 issued a buy rating to the company. According to MarketBeat, Ollie’s Bargain Outlet has an average rating of “Moderate Buy” and a consensus target price of $118.62.

Insider Transactions at Ollie’s Bargain Outlet

In related news, CEO John W. Swygert sold 2,400 shares of the stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $102.54, for a total value of $246,096.00. Following the completion of the transaction, the chief executive officer now directly owns 48,200 shares in the company, valued at $4,942,428. This trade represents a 4.74 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Larry Kraus sold 10,646 shares of Ollie’s Bargain Outlet stock in a transaction 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 transaction, the senior vice president now owns 1,905 shares of the company’s stock, valued at $220,179.90. The trade was a 84.82 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 87,771 shares of company stock worth $9,650,832. 0.87% of the stock is currently owned by insiders.

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.