Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Shares Bought by Rheos Capital Works Inc.

Rheos Capital Works Inc. grew its position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 115.1% in the fourth quarter, HoldingsChannel reports. The fund owned 228,000 shares of the company’s stock after acquiring an additional 122,000 shares during the quarter. Ollie’s Bargain Outlet accounts for about 1.4% of Rheos Capital Works Inc.’s portfolio, making the stock its 23rd largest position. Rheos Capital Works Inc.’s holdings in Ollie’s Bargain Outlet were worth $25,018,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of OLLI. Royce & Associates LP raised its position in Ollie’s Bargain Outlet by 161.6% during the third quarter. Royce & Associates LP now owns 75,605 shares of the company’s stock worth $7,349,000 after acquiring an additional 46,706 shares during the period. Oak Thistle LLC purchased a new stake in shares of Ollie’s Bargain Outlet during the fourth quarter worth about $1,345,000. JPMorgan Chase & Co. lifted its stake in Ollie’s Bargain Outlet by 79.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 189,301 shares of the company’s stock valued at $18,400,000 after buying an additional 83,882 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Ollie’s Bargain Outlet by 0.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 753,658 shares of the company’s stock valued at $73,256,000 after buying an additional 5,438 shares in the last quarter. Finally, Fred Alger Management LLC boosted its holdings in Ollie’s Bargain Outlet by 12.1% in the 3rd quarter. Fred Alger Management LLC now owns 772,145 shares of the company’s stock worth $75,052,000 after buying an additional 83,063 shares during the last quarter.

Insider Activity at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, SVP Larry Kraus sold 10,646 shares of Ollie’s Bargain Outlet stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $115.58, for a total value of $1,230,464.68. Following the completion of the transaction, the senior vice president now directly owns 1,905 shares of the company’s stock, valued at $220,179.90. The trade was a 84.82 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO John W. Swygert sold 4,800 shares of the stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $102.60, for a total transaction of $492,480.00. Following the sale, the chief executive officer now directly owns 48,200 shares in the company, valued at $4,945,320. This represents a 9.06 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 87,771 shares of company stock worth $9,650,832. Insiders own 0.87% of the company’s stock.

Ollie’s Bargain Outlet Stock Down 1.2 %

Shares of Ollie’s Bargain Outlet stock opened at $111.51 on Monday. The business’s fifty day simple moving average is $108.40 and its 200-day simple moving average is $99.50. The firm has a market cap of $6.83 billion, a PE ratio of 33.29, a price-to-earnings-growth ratio of 2.76 and a beta of 0.81. Ollie’s Bargain Outlet Holdings, Inc. has a 52 week low of $68.05 and a 52 week high of $120.03.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its earnings results on Tuesday, December 10th. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.01. The company had revenue of $517.43 million during the quarter, compared to analyst estimates of $518.83 million. Ollie’s Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. Ollie’s Bargain Outlet’s revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.51 earnings per share. As a group, equities analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

Wall Street Analyst Weigh In

OLLI has been the topic of several research reports. StockNews.com upgraded Ollie’s Bargain Outlet from a “sell” rating to a “hold” rating in a research report on Thursday, January 23rd. Loop Capital lifted 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 research note on Monday, December 23rd. JPMorgan Chase & Co. increased 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. Truist Financial boosted 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. Finally, Piper Sandler increased their price objective on shares of Ollie’s Bargain Outlet from $107.00 to $126.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, Ollie’s Bargain Outlet currently has an average rating of “Moderate Buy” and a consensus target price of $118.62.

Ollie’s Bargain Outlet 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.