Peregrine Capital Management LLC Has $11.53 Million Stock Position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Peregrine Capital Management LLC lessened its position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 8.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 105,076 shares of the company’s stock after selling 9,432 shares during the quarter. Peregrine Capital Management LLC’s holdings in Ollie’s Bargain Outlet were worth $11,530,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its position in Ollie’s Bargain Outlet by 7,676.0% during the 3rd quarter. International Assets Investment Management LLC now owns 19,440 shares of the company’s stock valued at $1,890,000 after purchasing an additional 19,190 shares during the period. Dumont & Blake Investment Advisors LLC acquired a new position in Ollie’s Bargain Outlet in the third quarter valued at approximately $604,000. Wealth Enhancement Advisory Services LLC boosted its stake in Ollie’s Bargain Outlet by 7.7% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 3,966 shares of the company’s stock valued at $385,000 after acquiring an additional 283 shares during the last quarter. DekaBank Deutsche Girozentrale grew its holdings in Ollie’s Bargain Outlet by 44.9% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 2,413 shares of the company’s stock worth $232,000 after acquiring an additional 748 shares during the period. Finally, Pullen Investment Management LLC bought a new stake in shares of Ollie’s Bargain Outlet during the 3rd quarter valued at $414,000.

Insiders Place Their Bets

In other Ollie’s Bargain Outlet news, SVP James J. Comitale sold 5,325 shares of Ollie’s Bargain Outlet stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $113.95, for a total value of $606,783.75. Following the sale, the senior vice president now directly owns 3,140 shares in the company, valued at approximately $357,803. The trade was a 62.91 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thomas Hendrickson sold 6,250 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $114.74, for a total transaction of $717,125.00. The disclosure for this sale can be found here. Insiders sold a total of 87,771 shares of company stock valued at $9,650,832 in the last quarter. 0.87% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms recently commented on OLLI. Jefferies Financial Group downgraded Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and dropped their price objective for the company from $125.00 to $111.00 in a report on Tuesday, February 4th. Wells Fargo & Company upped their price target on Ollie’s Bargain Outlet from $95.00 to $105.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 11th. Royal Bank of Canada reissued an “outperform” rating and set a $130.00 price objective on shares of Ollie’s Bargain Outlet in a research note on Monday, December 23rd. Loop Capital upped their target price on shares of Ollie’s Bargain Outlet from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. Finally, Truist Financial lifted their price target on shares of Ollie’s Bargain Outlet from $109.00 to $121.00 and gave the stock a “buy” 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 given a buy rating to the company. Based on data from MarketBeat.com, Ollie’s Bargain Outlet has a consensus rating of “Moderate Buy” and an average price target of $118.07.

Ollie’s Bargain Outlet Trading Up 1.5 %

Shares of NASDAQ OLLI opened at $108.35 on Tuesday. The company has a fifty day moving average price of $109.71 and a 200 day moving average price of $100.08. The firm has a market cap of $6.64 billion, a PE ratio of 32.34, a PEG ratio of 2.33 and a beta of 0.81. Ollie’s Bargain Outlet Holdings, Inc. has a 1-year low of $68.05 and a 1-year high of $120.03.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings results on Tuesday, December 10th. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. The company had revenue of $517.43 million for the quarter, compared to analyst estimates of $518.83 million. Ollie’s Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.51 earnings per share. Equities research analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

Ollie’s Bargain Outlet Company Profile

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.