LVW Advisors LLC Takes $627,000 Position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

LVW Advisors LLC bought a new position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 5,716 shares of the company’s stock, valued at approximately $627,000.

Other hedge funds have also recently bought and sold shares of the company. Everpar Advisors LLC acquired a new stake in shares of Ollie’s Bargain Outlet in the fourth quarter worth $319,000. Legacy Wealth Asset Management LLC purchased a new stake in Ollie’s Bargain Outlet during the 4th quarter worth $323,000. Heritage Family Offices LLP increased its holdings in Ollie’s Bargain Outlet by 104.8% in the 4th quarter. Heritage Family Offices LLP now owns 5,604 shares of the company’s stock valued at $615,000 after purchasing an additional 2,868 shares in the last quarter. Park Avenue Securities LLC purchased a new position in Ollie’s Bargain Outlet in the fourth quarter valued at about $504,000. Finally, Assenagon Asset Management S.A. acquired a new position in shares of Ollie’s Bargain Outlet during the fourth quarter worth about $11,807,000.

Analysts Set New Price Targets

OLLI has been the subject of a number of recent research reports. 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 research note on Wednesday, December 18th. Craig Hallum increased their price objective 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. Bank of America upped their target price on shares of Ollie’s Bargain Outlet from $115.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. 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 note on Wednesday, December 11th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Ollie’s Bargain Outlet from $105.00 to $135.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, Ollie’s Bargain Outlet currently has an average rating of “Moderate Buy” and an average price target of $118.62.

Ollie’s Bargain Outlet Stock Up 2.3 %

NASDAQ:OLLI opened at $106.86 on Tuesday. Ollie’s Bargain Outlet Holdings, Inc. has a 52 week low of $68.05 and a 52 week high of $120.03. The company has a market cap of $6.55 billion, a PE ratio of 31.90, a P/E/G ratio of 2.63 and a beta of 0.82. The business’s 50 day moving average is $104.56 and its two-hundred day moving average is $98.75.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings data on Tuesday, December 10th. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. The firm had revenue of $517.43 million during the quarter, compared to the consensus estimate of $518.83 million. Ollie’s Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. The firm’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.51 earnings per share. As a group, sell-side analysts expect 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, CEO John W. Swygert sold 54,318 shares of the stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $109.44, for a total value of $5,944,561.92. Following the sale, the chief executive officer now directly owns 48,200 shares of the company’s stock, valued at $5,275,008. This trade represents a 52.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Thomas Hendrickson sold 6,250 shares of the business’s stock in a transaction on Monday, December 16th. The shares were 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 have sold a total of 87,771 shares of company stock worth $9,650,832 over the last quarter. 0.87% of the stock is owned by company insiders.

About Ollie’s Bargain Outlet

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.