Sei Investments Co. Acquires 32,137 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Sei Investments Co. boosted its holdings in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 10.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 346,671 shares of the company’s stock after buying an additional 32,137 shares during the quarter. Sei Investments Co.’s holdings in Ollie’s Bargain Outlet were worth $38,041,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Congress Asset Management Co. grew its position in shares of Ollie’s Bargain Outlet by 181.6% during the 4th quarter. Congress Asset Management Co. now owns 1,916,584 shares of the company’s stock valued at $210,307,000 after acquiring an additional 1,235,994 shares during the period. Stephens Investment Management Group LLC bought a new stake in Ollie’s Bargain Outlet during the fourth quarter valued at about $78,356,000. Holocene Advisors LP increased its position 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 buying an additional 466,818 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Ollie’s Bargain Outlet in the fourth quarter worth about $48,633,000. Finally, Wellington Management Group LLP lifted its position in shares of Ollie’s Bargain Outlet by 155.8% during the 3rd 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 in the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Loop Capital increased their target price on shares of Ollie’s Bargain Outlet from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. Morgan Stanley raised their price objective on shares of Ollie’s Bargain Outlet from $108.00 to $118.00 and gave the company an “equal weight” rating in a research report on Thursday, March 20th. Wells Fargo & Company upped 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. StockNews.com lowered Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research note on Tuesday, February 4th. Finally, Royal Bank of Canada boosted their price objective on Ollie’s Bargain Outlet from $130.00 to $133.00 and gave the company an “outperform” rating in a research report on Friday, March 7th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Ollie’s Bargain Outlet has an average rating of “Moderate Buy” and an average target price of $123.08.

Ollie’s Bargain Outlet Trading Up 1.3 %

NASDAQ:OLLI opened at $108.22 on Tuesday. The business’s 50-day moving average is $105.30 and its 200 day moving average is $101.85. 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 capitalization of $6.63 billion, a P/E ratio of 32.30, a P/E/G ratio of 2.21 and a beta of 0.83.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings data on Wednesday, March 19th. The company reported $1.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.01). Ollie’s Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The firm had revenue of $667.10 million for the quarter, compared to analysts’ expectations of $674.61 million. During the same period last year, the company earned $1.23 earnings per share. The firm’s revenue was up 2.8% on a year-over-year basis. On average, research analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

About Ollie’s Bargain Outlet

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.