Summitry LLC Takes Position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Summitry LLC acquired a new position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,072 shares of the company’s stock, valued at approximately $227,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Pier Capital LLC lifted its stake in shares of Ollie’s Bargain Outlet by 3.2% in the 4th quarter. Pier Capital LLC now owns 93,564 shares of the company’s stock valued at $10,267,000 after acquiring an additional 2,934 shares during the last quarter. Zions Bancorporation N.A. raised its position in Ollie’s Bargain Outlet by 20.3% in the fourth quarter. Zions Bancorporation N.A. now owns 33,918 shares of the company’s stock valued at $3,722,000 after purchasing an additional 5,714 shares during the last quarter. Congress Wealth Management LLC DE boosted its stake in shares of Ollie’s Bargain Outlet by 137.7% during the fourth quarter. Congress Wealth Management LLC DE now owns 262,157 shares of the company’s stock valued at $28,766,000 after purchasing an additional 151,868 shares in the last quarter. Summit Creek Advisors LLC grew its holdings in shares of Ollie’s Bargain Outlet by 0.3% during the fourth quarter. Summit Creek Advisors LLC now owns 177,792 shares of the company’s stock worth $19,509,000 after purchasing an additional 590 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Ollie’s Bargain Outlet by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 5,821,957 shares of the company’s stock valued at $638,843,000 after buying an additional 70,496 shares during the period.

Ollie’s Bargain Outlet Trading Down 1.7 %

OLLI opened at $106.37 on Wednesday. The company has a fifty day moving average price of $105.43 and a two-hundred day moving average price of $101.98. Ollie’s Bargain Outlet Holdings, Inc. has a 1-year low of $68.05 and a 1-year high of $120.03. The company has a market cap of $6.52 billion, a P/E ratio of 31.75, a price-to-earnings-growth ratio of 2.21 and a beta of 0.83.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its earnings results on Wednesday, March 19th. The company reported $1.19 EPS for the quarter, missing analysts’ consensus estimates of $1.20 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 $667.10 million during the quarter, compared to the consensus estimate of $674.61 million. During the same period in the previous year, the firm earned $1.23 earnings per share. The business’s quarterly 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 EPS for the current fiscal year.

Insider Buying and Selling

In other Ollie’s Bargain Outlet news, Director Robert Fisch sold 6,250 shares of the company’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $108.08, for a total transaction of $675,500.00. Following the transaction, the director now owns 22,159 shares in the company, valued at approximately $2,394,944.72. This represents a 22.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.87% of the stock is owned by company insiders.

Analysts Set New Price Targets

OLLI has been the topic of a number of research reports. Royal Bank of Canada boosted their target price on shares of Ollie’s Bargain Outlet from $130.00 to $133.00 and gave the stock an “outperform” rating in a report on Friday, March 7th. Wells Fargo & Company increased their price objective on Ollie’s Bargain Outlet from $95.00 to $105.00 and gave the company an “equal weight” rating in a report on Wednesday, December 11th. Citigroup raised Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and lifted their target price for the stock from $64.00 to $133.00 in a report on Wednesday, December 18th. JPMorgan Chase & Co. increased their price target on Ollie’s Bargain Outlet from $105.00 to $135.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Finally, Loop Capital lifted their price objective on Ollie’s Bargain Outlet from $120.00 to $130.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $123.08.

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.