Hudson Edge Investment Partners Inc. Has $584,000 Holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Hudson Edge Investment Partners Inc. grew its holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 4.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,323 shares of the company’s stock after purchasing an additional 250 shares during the period. Hudson Edge Investment Partners Inc.’s holdings in Ollie’s Bargain Outlet were worth $584,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. International Assets Investment Management LLC increased its stake in shares of Ollie’s Bargain Outlet by 7,676.0% in the third quarter. International Assets Investment Management LLC now owns 19,440 shares of the company’s stock worth $1,890,000 after acquiring an additional 19,190 shares during the last quarter. Dumont & Blake Investment Advisors LLC purchased a new position in Ollie’s Bargain Outlet in the third quarter valued at about $604,000. Wealth Enhancement Advisory Services LLC increased its position in Ollie’s Bargain Outlet by 7.7% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 3,966 shares of the company’s stock worth $385,000 after purchasing an additional 283 shares during the last quarter. DekaBank Deutsche Girozentrale raised its stake in shares of Ollie’s Bargain Outlet by 44.9% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 2,413 shares of the company’s stock worth $232,000 after purchasing an additional 748 shares in the last quarter. Finally, Pullen Investment Management LLC acquired a new stake in shares of Ollie’s Bargain Outlet during the 3rd quarter valued at about $414,000.

Ollie’s Bargain Outlet Trading Down 5.6 %

OLLI opened at $96.78 on Friday. The business has a 50 day moving average of $109.04 and a 200-day moving average of $100.25. The stock has a market capitalization of $5.93 billion, a price-to-earnings ratio of 28.89, a P/E/G ratio of 2.30 and a beta of 0.81. Ollie’s Bargain Outlet Holdings, Inc. has a 1-year low of $68.05 and a 1-year high of $120.03.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings results on Tuesday, December 10th. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 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 $517.43 million during the quarter, compared to the consensus estimate of $518.83 million. During the same period in the prior year, the firm earned $0.51 EPS. The business’s revenue was up 7.8% on a year-over-year basis. Equities analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

Wall Street Analysts Forecast Growth

OLLI has been the topic of several recent research reports. Citigroup raised shares of Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and raised their price objective for the company from $64.00 to $133.00 in a research report on Wednesday, December 18th. Piper Sandler raised their price target 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. Jefferies Financial Group cut shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $125.00 to $111.00 in a report on Tuesday, February 4th. Truist Financial raised their target price on Ollie’s Bargain Outlet from $109.00 to $121.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. upped their price target on Ollie’s Bargain Outlet from $105.00 to $135.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $118.07.

Insider Buying and Selling

In other Ollie’s Bargain Outlet news, SVP Larry Kraus sold 10,646 shares of Ollie’s Bargain Outlet stock in a transaction on Monday, December 16th. The shares were sold at an average price of $115.58, for a total transaction of $1,230,464.68. Following the sale, the senior vice president now owns 1,905 shares in the company, valued at $220,179.90. The trade was a 84.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP James J. Comitale sold 5,325 shares of the stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $113.95, for a total transaction of $606,783.75. Following the completion of the transaction, the senior vice president now owns 3,140 shares of the company’s stock, valued at approximately $357,803. This represents a 62.91 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 87,771 shares of company stock valued at $9,650,832 over the last three months. 0.87% of the stock is owned by corporate insiders.

Ollie’s Bargain Outlet Company Profile

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.