Whittier Trust Co. Purchases 3,597 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Whittier Trust Co. grew its stake in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 3.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 111,147 shares of the company’s stock after acquiring an additional 3,597 shares during the period. Whittier Trust Co.’s holdings in Ollie’s Bargain Outlet were worth $12,196,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of OLLI. Wilmington Savings Fund Society FSB grew its position in shares of Ollie’s Bargain Outlet by 337.0% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 236 shares of the company’s stock valued at $26,000 after acquiring an additional 182 shares during the period. Bogart Wealth LLC bought a new position in shares of Ollie’s Bargain Outlet during the 4th quarter valued at approximately $26,000. Blue Trust Inc. grew its position in shares of Ollie’s Bargain Outlet by 55.2% during the 4th quarter. Blue Trust Inc. now owns 284 shares of the company’s stock valued at $31,000 after acquiring an additional 101 shares during the period. Harvest Fund Management Co. Ltd bought a new position in shares of Ollie’s Bargain Outlet during the 4th quarter valued at approximately $41,000. Finally, Tortoise Investment Management LLC bought a new position in shares of Ollie’s Bargain Outlet during the 4th quarter valued at approximately $45,000.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on OLLI shares. Citigroup raised shares of 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 report on Wednesday, December 18th. UBS Group upped their price target on shares of Ollie’s Bargain Outlet from $117.00 to $123.00 and gave the company a “neutral” rating in a research note on Thursday. Truist Financial upped their price target on shares of Ollie’s Bargain Outlet from $109.00 to $121.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Morgan Stanley upped their price target on shares of Ollie’s Bargain Outlet from $108.00 to $118.00 and gave the company an “equal weight” rating in a research note on Thursday. Finally, StockNews.com cut shares of Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research note on Tuesday, February 4th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $121.71.

Ollie’s Bargain Outlet Price Performance

NASDAQ OLLI opened at $105.22 on Friday. Ollie’s Bargain Outlet Holdings, Inc. has a 1 year low of $68.05 and a 1 year high of $120.03. The stock has a market capitalization of $6.45 billion, a PE ratio of 31.41, a P/E/G ratio of 2.21 and a beta of 0.83. The company’s 50 day simple moving average is $105.15 and its two-hundred day simple moving average is $101.40.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its earnings results on Wednesday, March 19th. The company reported $1.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.01). Ollie’s Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The firm had revenue of $667.10 million during the quarter, compared to analysts’ expectations of $674.61 million. During the same quarter in the prior year, the company earned $1.23 earnings per share. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. On average, research analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

Ollie’s Bargain Outlet 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.