YHB Investment Advisors Inc. Acquires New Holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

YHB Investment Advisors Inc. bought 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 SEC. The firm bought 1,831 shares of the company’s stock, valued at approximately $201,000.

Other institutional investors have also recently bought and sold shares of the company. Hsbc Holdings PLC lifted its position in Ollie’s Bargain Outlet by 26.4% in the 2nd quarter. Hsbc Holdings PLC now owns 5,297 shares of the company’s stock valued at $518,000 after acquiring an additional 1,106 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of Ollie’s Bargain Outlet by 2.4% in the 2nd quarter. Bank of Montreal Can now owns 8,319 shares of the company’s stock valued at $820,000 after acquiring an additional 195 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Ollie’s Bargain Outlet in the second quarter valued at about $560,000. Algert Global LLC raised its holdings in Ollie’s Bargain Outlet by 12.9% during the second quarter. Algert Global LLC now owns 6,180 shares of the company’s stock worth $607,000 after acquiring an additional 708 shares in the last quarter. Finally, Wallace Advisory Group LLC acquired a new position in Ollie’s Bargain Outlet during the second quarter valued at approximately $303,000.

Insiders Place Their Bets

In other Ollie’s Bargain Outlet news, SVP Larry Kraus sold 10,646 shares of the stock in a transaction dated Monday, December 16th. The shares were 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 the SEC website. Also, SVP James J. Comitale sold 5,325 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the senior vice president now owns 3,140 shares of the company’s stock, valued at $357,803. The trade was a 62.91 % decrease in their ownership of the stock. 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 90 days. Company insiders own 0.87% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Bank of America upped their price objective 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. Craig Hallum upped their price target on shares of Ollie’s Bargain Outlet from $107.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. JPMorgan Chase & Co. lifted 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. Truist Financial raised their target price on shares of Ollie’s Bargain Outlet from $109.00 to $121.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $130.00 price target on shares of Ollie’s Bargain Outlet in a research report on Monday, December 23rd. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $118.62.

Ollie’s Bargain Outlet Stock Performance

OLLI opened at $113.85 on Wednesday. The stock has a fifty day moving average of $107.13 and a 200-day moving average of $99.30. The company has a market capitalization of $6.98 billion, a P/E ratio of 33.99, a P/E/G ratio of 2.75 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 posted its quarterly earnings data on Tuesday, December 10th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. Ollie’s Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. The firm had revenue of $517.43 million during the quarter, compared to the consensus estimate of $518.83 million. During the same quarter in the previous year, the firm posted $0.51 EPS. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. On average, equities research analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal year.

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.