D.B. Root & Company LLC Sells 503 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

D.B. Root & Company LLC trimmed its stake in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 12.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,644 shares of the company’s stock after selling 503 shares during the quarter. D.B. Root & Company LLC’s holdings in Ollie’s Bargain Outlet were worth $400,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. UMB Bank n.a. boosted its holdings in shares of Ollie’s Bargain Outlet by 25.3% during the 4th quarter. UMB Bank n.a. now owns 545 shares of the company’s stock worth $60,000 after buying an additional 110 shares during the period. GAMMA Investing LLC grew its position in shares of Ollie’s Bargain Outlet by 37.9% in the third quarter. GAMMA Investing LLC now owns 651 shares of the company’s stock valued at $63,000 after purchasing an additional 179 shares during the last quarter. Park Place Capital Corp bought a new position in shares of Ollie’s Bargain Outlet during the fourth quarter worth approximately $77,000. Eagle Bay Advisors LLC bought a new stake in Ollie’s Bargain Outlet in the 4th quarter valued at $79,000. Finally, Northwest & Ethical Investments L.P. acquired a new position in Ollie’s Bargain Outlet in the 3rd quarter valued at $117,000.

Insider Activity at Ollie’s Bargain Outlet

In other news, Director Thomas Hendrickson sold 6,250 shares of Ollie’s Bargain Outlet stock in a transaction on Monday, December 16th. The shares were sold at an average price of $114.74, for a total value of $717,125.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO John W. Swygert sold 4,800 shares of the stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $102.60, for a total transaction of $492,480.00. Following the transaction, the chief executive officer now directly owns 48,200 shares in the company, valued at approximately $4,945,320. This represents a 9.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 87,771 shares of company stock worth $9,650,832 in the last quarter. 0.87% of the stock is owned by insiders.

Ollie’s Bargain Outlet Stock Down 2.1 %

NASDAQ:OLLI opened at $111.27 on Thursday. The firm has a market capitalization of $6.82 billion, a PE ratio of 33.22, a price-to-earnings-growth ratio of 2.81 and a beta of 0.82. Ollie’s Bargain Outlet Holdings, Inc. has a twelve month low of $68.05 and a twelve month high of $120.03. The stock’s 50-day simple moving average is $105.38 and its 200 day simple moving average is $98.94.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings data on Tuesday, December 10th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.01. Ollie’s Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The company had revenue of $517.43 million for the quarter, compared to the consensus estimate of $518.83 million. During the same quarter last year, the business posted $0.51 EPS. Ollie’s Bargain Outlet’s revenue for the quarter was up 7.8% on a year-over-year basis. On average, analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

Analysts Set New Price Targets

OLLI has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their target price 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. Wells Fargo & Company increased 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 research report on Wednesday, December 11th. Bank of America lifted their price target on shares of Ollie’s Bargain Outlet from $115.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. StockNews.com upgraded Ollie’s Bargain Outlet from a “sell” rating to a “hold” rating in a research note on Thursday. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $130.00 target price on shares of Ollie’s Bargain Outlet in a research report on Monday, December 23rd. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $118.62.

Ollie’s Bargain Outlet Company 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.