Trust Point Inc. Increases Stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Trust Point Inc. increased its stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 4.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,795 shares of the company’s stock after purchasing an additional 611 shares during the quarter. Trust Point Inc.’s holdings in Ollie’s Bargain Outlet were worth $1,514,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in OLLI. Bank of Montreal Can increased 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 purchasing an additional 195 shares in the last quarter. Algert Global LLC grew its stake in Ollie’s Bargain Outlet by 12.9% in the 2nd quarter. Algert Global LLC now owns 6,180 shares of the company’s stock valued at $607,000 after acquiring an additional 708 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Ollie’s Bargain Outlet during the 2nd quarter worth about $298,000. SG Americas Securities LLC acquired a new stake in shares of Ollie’s Bargain Outlet during the 3rd quarter worth about $663,000. Finally, Handelsbanken Fonder AB boosted its stake in shares of Ollie’s Bargain Outlet by 45.9% during the 3rd quarter. Handelsbanken Fonder AB now owns 19,400 shares of the company’s stock worth $1,886,000 after purchasing an additional 6,100 shares during the last quarter.

Ollie’s Bargain Outlet Price Performance

OLLI opened at $107.63 on Tuesday. The stock has a market capitalization of $6.60 billion, a PE ratio of 32.13, a P/E/G ratio of 2.76 and a beta of 0.81. The firm’s fifty day moving average price is $108.54 and its 200 day moving average price is $99.54. Ollie’s Bargain Outlet Holdings, Inc. has a 12-month low of $68.05 and a 12-month high of $120.03.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released 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. 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 analyst estimates of $518.83 million. During the same quarter in the previous year, the firm earned $0.51 earnings per share. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. On average, equities research analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on OLLI shares. StockNews.com raised shares of Ollie’s Bargain Outlet from a “sell” rating to a “hold” rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. lifted their price target 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 lifted their price target on shares of Ollie’s Bargain Outlet from $109.00 to $121.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Craig Hallum boosted their target price 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. Finally, Wells Fargo & Company boosted 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 research report on Wednesday, December 11th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Ollie’s Bargain Outlet currently has a consensus rating of “Moderate Buy” and an average target price of $118.62.

Insider Buying and Selling at Ollie’s Bargain Outlet

In related 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 value of $1,230,464.68. Following the completion of the transaction, the senior vice president now owns 1,905 shares in the company, valued at $220,179.90. This represents a 84.82 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO John W. Swygert sold 4,800 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $102.60, for a total transaction of $492,480.00. Following the completion of the sale, the chief executive officer now directly owns 48,200 shares of the company’s stock, valued at $4,945,320. The trade was a 9.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 87,771 shares of company stock worth $9,650,832 over the last 90 days. Insiders own 0.87% of the company’s stock.

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.