US Bancorp DE Purchases 11,587 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

US Bancorp DE raised its position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 38.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,608 shares of the company’s stock after acquiring an additional 11,587 shares during the period. US Bancorp DE owned approximately 0.07% of Ollie’s Bargain Outlet worth $4,566,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in OLLI. Congress Asset Management Co. boosted its stake in shares of 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 buying an additional 1,235,994 shares during the period. Stephens Investment Management Group LLC bought a new stake in shares of Ollie’s Bargain Outlet in the fourth quarter valued at approximately $78,356,000. Holocene Advisors LP boosted its stake in shares of 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 buying an additional 466,818 shares during the period. Wellington Management Group LLP boosted its stake in shares of Ollie’s Bargain Outlet by 155.8% in the third quarter. Wellington Management Group LLP now owns 483,044 shares of the company’s stock valued at $46,952,000 after buying an additional 294,217 shares during the period. Finally, Loomis Sayles & Co. L P acquired a new position in Ollie’s Bargain Outlet during the third quarter valued at approximately $16,590,000.

Ollie’s Bargain Outlet Stock Up 1.9 %

NASDAQ OLLI opened at $105.38 on Thursday. The company has a market capitalization of $6.46 billion, a price-to-earnings ratio of 31.46, a PEG ratio of 2.21 and a beta of 0.81. Ollie’s Bargain Outlet Holdings, Inc. has a twelve month low of $68.05 and a twelve month high of $120.03. The stock has a fifty day simple moving average of $106.84 and a 200 day simple moving average of $100.84.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings data on Tuesday, December 10th. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. The business 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%. Ollie’s Bargain Outlet’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.51 earnings per share. Research analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on OLLI shares. Bank of America boosted their price objective on shares of 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. Piper Sandler boosted their price objective on shares of Ollie’s Bargain Outlet from $107.00 to $126.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Wells Fargo & Company boosted their price objective on shares of Ollie’s Bargain Outlet from $95.00 to $105.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 11th. Jefferies Financial Group downgraded shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and lowered their price objective for the company from $125.00 to $111.00 in a research report on Tuesday, February 4th. Finally, JPMorgan Chase & Co. boosted 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. One analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $118.07.

Insider Activity at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, SVP James J. Comitale sold 5,325 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $113.95, for a total transaction of $606,783.75. Following the sale, the senior vice president now owns 3,140 shares of the company’s stock, valued at approximately $357,803. This represents a 62.91 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO John W. Swygert sold 54,318 shares of the company’s stock in a transaction on Tuesday, December 10th. The shares were 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 directly owns 48,200 shares in the company, valued at $5,275,008. This trade represents a 52.98 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 78,939 shares of company stock worth $8,745,031 over the last three months. Company insiders own 0.87% of the company’s stock.

About Ollie’s Bargain Outlet

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.