US Bancorp DE Buys 11,587 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

US Bancorp DE lifted its stake in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 38.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,608 shares of the company’s stock after purchasing an additional 11,587 shares during the quarter. US Bancorp DE’s holdings in Ollie’s Bargain Outlet were worth $4,566,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in OLLI. Wealth Enhancement Advisory Services LLC boosted its position in shares of Ollie’s Bargain Outlet by 7.7% during 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 in the last quarter. State of Alaska Department of Revenue lifted its position in Ollie’s Bargain Outlet by 7.2% in the 3rd quarter. State of Alaska Department of Revenue now owns 7,145 shares of the company’s stock valued at $694,000 after acquiring an additional 480 shares in the last quarter. Farther Finance Advisors LLC lifted its position in Ollie’s Bargain Outlet by 5.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,544 shares of the company’s stock valued at $344,000 after acquiring an additional 188 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in Ollie’s Bargain Outlet by 5.2% in the 3rd quarter. Janney Montgomery Scott LLC now owns 8,122 shares of the company’s stock valued at $789,000 after acquiring an additional 402 shares in the last quarter. Finally, Van ECK Associates Corp lifted its position in Ollie’s Bargain Outlet by 40.0% in the 3rd quarter. Van ECK Associates Corp now owns 34,183 shares of the company’s stock valued at $3,103,000 after acquiring an additional 9,768 shares in the last quarter.

Ollie’s Bargain Outlet Trading Up 1.9 %

OLLI opened at $105.38 on Thursday. The company has a 50 day moving average of $106.84 and a 200 day moving average of $100.84. The company has a market cap of $6.46 billion, a PE ratio of 31.46, a price-to-earnings-growth ratio of 2.21 and a beta of 0.81. Ollie’s Bargain Outlet Holdings, Inc. has a 12 month low of $68.05 and a 12 month high of $120.03.

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 the consensus estimate of $0.57 by $0.01. The company 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%. Ollie’s Bargain Outlet’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period last year, the firm earned $0.51 EPS. Research analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Ollie’s Bargain Outlet news, SVP James J. Comitale sold 5,325 shares of the firm’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $113.95, for a total value of $606,783.75. Following the completion of the transaction, the senior vice president now directly owns 3,140 shares of the company’s stock, valued at $357,803. This trade represents a 62.91 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO John W. Swygert sold 2,400 shares of the firm’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $102.54, for a total transaction of $246,096.00. Following the completion of the transaction, the chief executive officer now directly owns 48,200 shares of the company’s stock, valued at approximately $4,942,428. The trade was a 4.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 78,939 shares of company stock valued at $8,745,031. Company insiders own 0.87% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on OLLI. Wells Fargo & Company raised their price target on shares of Ollie’s Bargain Outlet from $95.00 to $105.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 11th. Loop Capital increased their price objective on shares of Ollie’s Bargain Outlet from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. 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 research note on Wednesday, December 11th. Citigroup upgraded shares of Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and increased their price objective for the company from $64.00 to $133.00 in a research note on Wednesday, December 18th. Finally, Bank of America raised their price target on shares of Ollie’s Bargain Outlet from $115.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $118.07.

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.