Park Place Capital Corp Purchases New Position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Park Place Capital Corp bought a new position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 698 shares of the company’s stock, valued at approximately $77,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. UMB Bank n.a. grew its position in Ollie’s Bargain Outlet by 25.3% during the fourth quarter. UMB Bank n.a. now owns 545 shares of the company’s stock valued at $60,000 after buying an additional 110 shares during the period. Trust Point Inc. lifted its stake in Ollie’s Bargain Outlet by 1.0% in the third quarter. Trust Point Inc. now owns 13,184 shares of the company’s stock worth $1,281,000 after acquiring an additional 134 shares during the period. FORA Capital LLC lifted its position in Ollie’s Bargain Outlet by 3.2% during the third quarter. FORA Capital LLC now owns 4,800 shares of the company’s stock valued at $467,000 after buying an additional 148 shares during the period. GAMMA Investing LLC raised its position in shares of Ollie’s Bargain Outlet by 37.9% in the 3rd quarter. GAMMA Investing LLC now owns 651 shares of the company’s stock worth $63,000 after purchasing an additional 179 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its position in shares of Ollie’s Bargain Outlet by 5.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,544 shares of the company’s stock worth $344,000 after purchasing an additional 188 shares during the last quarter.

Analysts Set New Price Targets

A number of research firms have issued reports on OLLI. Truist Financial boosted their price target on 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. Wells Fargo & Company boosted their price target on 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. Loop Capital upped their price objective on Ollie’s Bargain Outlet from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. Citigroup raised Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and boosted their target price for the company from $64.00 to $133.00 in a research report on Wednesday, December 18th. Finally, StockNews.com raised Ollie’s Bargain Outlet from a “sell” rating to a “hold” rating in a research report on Thursday. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $118.62.

Ollie’s Bargain Outlet Stock Down 2.1 %

Shares of NASDAQ:OLLI opened at $111.27 on Thursday. Ollie’s Bargain Outlet Holdings, Inc. has a 12-month low of $68.05 and a 12-month high of $120.03. The company has a market cap of $6.82 billion, a P/E ratio of 33.22, a price-to-earnings-growth ratio of 2.81 and a beta of 0.82. The company’s fifty day moving average is $105.38 and its two-hundred day moving average is $98.94.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings results 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 company had revenue of $517.43 million during the quarter, compared to analysts’ expectations of $518.83 million. During the same period in the prior year, the company earned $0.51 earnings per share. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. Equities research analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

Insider Activity

In other Ollie’s Bargain Outlet news, Director Thomas Hendrickson sold 6,250 shares of Ollie’s Bargain Outlet stock in a transaction on Monday, December 16th. The shares were sold at an average price of $114.74, for a total value of $717,125.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO John W. Swygert sold 4,032 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $102.51, for a total transaction of $413,320.32. Following the transaction, the chief executive officer now owns 48,200 shares in the company, valued at $4,940,982. This represents a 7.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 87,771 shares of company stock valued at $9,650,832 over the last three months. 0.87% of the stock is owned by insiders.

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.