Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Stock Position Increased by Tributary Capital Management LLC

Tributary Capital Management LLC boosted its holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 1.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 284,351 shares of the company’s stock after buying an additional 4,787 shares during the period. Ollie’s Bargain Outlet makes up 2.4% of Tributary Capital Management LLC’s investment portfolio, making the stock its 5th biggest holding. Tributary Capital Management LLC’s holdings in Ollie’s Bargain Outlet were worth $31,202,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the stock. D. E. Shaw & Co. Inc. increased its position in shares of Ollie’s Bargain Outlet by 953.2% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 566,738 shares of the company’s stock valued at $55,637,000 after purchasing an additional 512,928 shares during the last quarter. Holocene Advisors LP lifted its stake in 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 worth $45,821,000 after purchasing an additional 466,818 shares during the last quarter. Wellington Management Group LLP boosted its position in Ollie’s Bargain Outlet by 155.8% during 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. Loomis Sayles & Co. L P bought a new position in shares of Ollie’s Bargain Outlet during the third quarter valued at about $16,590,000. Finally, Victory Capital Management Inc. grew its stake in shares of Ollie’s Bargain Outlet by 84.8% during the third quarter. Victory Capital Management Inc. now owns 313,836 shares of the company’s stock valued at $30,505,000 after buying an additional 143,996 shares during the last quarter.

Insider Transactions at Ollie’s Bargain Outlet

In other news, Director Thomas Hendrickson sold 6,250 shares of the stock in a transaction that occurred 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 legal filing with the SEC, which is available at the SEC website. Also, SVP Larry Kraus sold 10,646 shares of the business’s stock in a transaction that occurred on 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 owns 1,905 shares of the company’s stock, valued at $220,179.90. This trade represents a 84.82 % 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 ninety days. Insiders own 0.87% of the company’s stock.

Ollie’s Bargain Outlet Stock Performance

Shares of NASDAQ:OLLI opened at $112.91 on Friday. The firm has a market cap of $6.92 billion, a price-to-earnings ratio of 33.70, a price-to-earnings-growth ratio of 2.75 and a beta of 0.82. The business has a 50-day simple moving average of $106.18 and a two-hundred day simple moving average of $99.12. 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 issued 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. 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 for the quarter, compared to the consensus estimate of $518.83 million. During the same quarter in the prior 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. As a group, research analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Citigroup upgraded Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and increased their target price for the company from $64.00 to $133.00 in a report on Wednesday, December 18th. Wells Fargo & Company raised 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 report on Wednesday, December 11th. Craig Hallum increased their price target on shares of Ollie’s Bargain Outlet from $107.00 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. Finally, Bank of America increased their target price on shares of Ollie’s Bargain Outlet from $115.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, Ollie’s Bargain Outlet presently has an average rating of “Moderate Buy” and an average target price of $118.62.

Ollie’s Bargain Outlet 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.