Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Short Interest Update

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) was the target of a large decrease in short interest in the month of January. As of January 31st, there was short interest totalling 2,440,000 shares, a decrease of 17.3% from the January 15th total of 2,950,000 shares. Based on an average trading volume of 1,120,000 shares, the short-interest ratio is presently 2.2 days. Approximately 4.0% of the shares of the stock are short sold.

Ollie’s Bargain Outlet Price Performance

NASDAQ:OLLI opened at $108.35 on Friday. The business’s 50-day moving average is $109.50 and its two-hundred day moving average is $99.98. Ollie’s Bargain Outlet has a 12 month low of $68.05 and a 12 month high of $120.03. The firm has a market capitalization of $6.64 billion, a PE ratio of 32.34, a price-to-earnings-growth ratio of 2.33 and a beta of 0.81.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its earnings results on Tuesday, December 10th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 13.15% and a net margin of 9.22%. The company’s revenue was up 7.8% on a year-over-year basis. During the same period last year, the firm earned $0.51 earnings per share. Equities analysts anticipate that Ollie’s Bargain Outlet will post 3.29 EPS for the current year.

Wall Street Analysts Forecast Growth

OLLI has been the topic of a number of recent analyst reports. Piper Sandler increased their price target on Ollie’s Bargain Outlet from $107.00 to $126.00 and gave the stock an “overweight” 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 note on Wednesday, December 11th. JPMorgan Chase & Co. increased their price target on Ollie’s Bargain Outlet from $105.00 to $135.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Loop Capital increased their price target on Ollie’s Bargain Outlet from $120.00 to $130.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. Finally, Bank of America increased their price target on Ollie’s Bargain Outlet from $115.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Ollie’s Bargain Outlet currently has an average rating of “Moderate Buy” and an average target price of $118.07.

Insider Buying and Selling

In other Ollie’s Bargain Outlet news, CEO John W. Swygert sold 54,318 shares of the stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $109.44, for a total transaction of $5,944,561.92. Following the sale, the chief executive officer now owns 48,200 shares in the company, valued at approximately $5,275,008. This represents a 52.98 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Thomas Hendrickson sold 6,250 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $114.74, for a total value of $717,125.00. The disclosure for this sale can be found here. Insiders have sold a total of 87,771 shares of company stock worth $9,650,832 in the last quarter. Company insiders own 0.87% of the company’s stock.

Institutional Trading of Ollie’s Bargain Outlet

Large investors have recently modified their holdings of the business. Kayne Anderson Rudnick Investment Management LLC grew its stake in Ollie’s Bargain Outlet by 173.8% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,644,774 shares of the company’s stock worth $509,671,000 after purchasing an additional 2,948,393 shares in the last quarter. Congress Asset Management Co. boosted its stake in Ollie’s Bargain Outlet by 181.6% in the fourth quarter. Congress Asset Management Co. now owns 1,916,584 shares of the company’s stock valued at $210,307,000 after acquiring an additional 1,235,994 shares during the period. Norges Bank acquired a new position in Ollie’s Bargain Outlet in the fourth quarter valued at approximately $80,741,000. Stephens Investment Management Group LLC acquired a new position in Ollie’s Bargain Outlet in the fourth quarter valued at approximately $78,356,000. Finally, Holocene Advisors LP boosted its stake in Ollie’s Bargain Outlet by 10,159.3% in the third quarter. Holocene Advisors LP now owns 471,413 shares of the company’s stock valued at $45,821,000 after acquiring an additional 466,818 shares during the period.

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.