Legacy Wealth Asset Management LLC Purchases Shares of 2,944 Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Legacy Wealth Asset Management LLC bought a new stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) in the 4th quarter, Holdings Channel reports. The firm bought 2,944 shares of the company’s stock, valued at approximately $323,000.

A number of other institutional investors have also added to or reduced their stakes in OLLI. GAMMA Investing LLC lifted its stake in 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 last quarter. Eagle Bay Advisors LLC bought a new stake in Ollie’s Bargain Outlet in the 4th quarter valued at $79,000. Northwest & Ethical Investments L.P. acquired a new stake in Ollie’s Bargain Outlet during the 3rd quarter valued at $117,000. LRI Investments LLC boosted its position in Ollie’s Bargain Outlet by 2,356.1% during the third quarter. LRI Investments LLC now owns 1,400 shares of the company’s stock worth $130,000 after purchasing an additional 1,343 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Ollie’s Bargain Outlet in the third quarter valued at approximately $151,000.

Analyst Upgrades and Downgrades

OLLI has been the topic of a number of analyst reports. 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. Bank of America increased their target price on Ollie’s Bargain Outlet from $115.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Royal Bank of Canada restated an “outperform” rating and set a $130.00 price target on shares of Ollie’s Bargain Outlet in a report on Monday, December 23rd. Truist Financial raised their price objective on shares of Ollie’s Bargain Outlet from $109.00 to $121.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. increased their price objective on Ollie’s Bargain Outlet from $105.00 to $135.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Ollie’s Bargain Outlet has an average rating of “Moderate Buy” and an average price target of $118.62.

Insider Buying and Selling

In other news, SVP Larry Kraus sold 10,646 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $115.58, for a total transaction of $1,230,464.68. Following the sale, the senior vice president now directly owns 1,905 shares in the company, valued at $220,179.90. This represents a 84.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Thomas Hendrickson sold 6,250 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $114.74, for a total transaction of $717,125.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 87,771 shares of company stock valued at $9,650,832. 0.87% of the stock is owned by company insiders.

Ollie’s Bargain Outlet Stock Performance

OLLI stock opened at $106.86 on Friday. The stock’s 50 day simple moving average is $104.39 and its 200 day simple moving average is $98.66. The company has a market cap of $6.55 billion, a P/E ratio of 31.90, a price-to-earnings-growth ratio of 2.63 and a beta of 0.82. Ollie’s Bargain Outlet Holdings, Inc. has a fifty-two week low of $68.05 and a fifty-two week high of $120.03.

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, topping analysts’ consensus estimates 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 revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.51 EPS. Equities analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

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.