Associated Banc Corp Buys Shares of 1,840 Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Associated Banc Corp purchased a new position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,840 shares of the company’s stock, valued at approximately $202,000.

A number of other hedge funds also recently modified their holdings of OLLI. Janney Montgomery Scott LLC raised its holdings in shares of Ollie’s Bargain Outlet by 5.2% during the third quarter. Janney Montgomery Scott LLC now owns 8,122 shares of the company’s stock worth $789,000 after acquiring an additional 402 shares during the period. Crossmark Global Holdings Inc. raised its stake in shares of Ollie’s Bargain Outlet by 10.0% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 4,406 shares of the company’s stock valued at $428,000 after purchasing an additional 400 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of Ollie’s Bargain Outlet by 84.8% in the third quarter. Victory Capital Management Inc. now owns 313,836 shares of the company’s stock valued at $30,505,000 after purchasing an additional 143,996 shares in the last quarter. Royce & Associates LP boosted its position in shares of Ollie’s Bargain Outlet by 161.6% during the third quarter. Royce & Associates LP now owns 75,605 shares of the company’s stock worth $7,349,000 after buying an additional 46,706 shares during the period. Finally, Natixis Advisors LLC grew its holdings in shares of Ollie’s Bargain Outlet by 16.1% during the third quarter. Natixis Advisors LLC now owns 28,432 shares of the company’s stock worth $2,764,000 after buying an additional 3,946 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Piper Sandler upped their price target on Ollie’s Bargain Outlet from $107.00 to $126.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Wells Fargo & Company increased their target price on shares of Ollie’s Bargain Outlet from $95.00 to $105.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 11th. Citigroup upgraded shares of Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and lifted their price target for the company from $64.00 to $133.00 in a research note on Wednesday, December 18th. JPMorgan Chase & Co. increased their price objective on shares of 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. Finally, Loop Capital lifted their target price on Ollie’s Bargain Outlet from $120.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, Ollie’s Bargain Outlet has an average rating of “Moderate Buy” and an average price target of $118.29.

Ollie’s Bargain Outlet Trading Up 1.2 %

OLLI opened at $102.49 on Monday. The stock’s fifty day simple moving average is $105.21 and its 200 day simple moving average is $101.15. Ollie’s Bargain Outlet Holdings, Inc. has a 1-year low of $68.05 and a 1-year high of $120.03. The stock has a market cap of $6.28 billion, a PE ratio of 30.59, a price-to-earnings-growth ratio of 2.21 and a beta of 0.83.

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.