Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Shares Bought by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P lifted its holdings in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 56.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 267,481 shares of the company’s stock after buying an additional 96,800 shares during the period. Loomis Sayles & Co. L P’s holdings in Ollie’s Bargain Outlet were worth $29,351,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. raised its holdings in Ollie’s Bargain Outlet by 130.5% during the fourth quarter. JPMorgan Chase & Co. now owns 436,366 shares of the company’s stock worth $47,882,000 after purchasing an additional 247,065 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Ollie’s Bargain Outlet by 489.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 230 shares of the company’s stock valued at $25,000 after buying an additional 191 shares during the last quarter. Trust Investment Advisors acquired a new stake in Ollie’s Bargain Outlet during the 4th quarter worth $217,000. Summitry LLC purchased a new stake in Ollie’s Bargain Outlet in the fourth quarter valued at $227,000. Finally, Pier Capital LLC boosted its stake in Ollie’s Bargain Outlet by 3.2% in the fourth quarter. Pier Capital LLC now owns 93,564 shares of the company’s stock valued at $10,267,000 after acquiring an additional 2,934 shares in the last quarter.

Analysts Set New Price Targets

A number of analysts have recently commented on OLLI shares. Craig Hallum lifted their target price on Ollie’s Bargain Outlet from $107.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. UBS Group boosted their price objective on Ollie’s Bargain Outlet from $117.00 to $123.00 and gave the company a “neutral” rating in a research note on Thursday, March 20th. Truist Financial increased their price objective 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. Jefferies Financial Group cut shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and cut their target price for the company from $125.00 to $111.00 in a report on Tuesday, February 4th. Finally, Wells Fargo & Company increased their price target on shares of Ollie’s Bargain Outlet from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 11th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $123.08.

Insiders Place Their Bets

In other Ollie’s Bargain Outlet news, CFO Robert F. Helm sold 2,145 shares of the business’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $108.50, for a total transaction of $232,732.50. Following the sale, the chief financial officer now directly owns 3,888 shares in the company, valued at approximately $421,848. The trade was a 35.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert Fisch sold 6,250 shares of the company’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $108.08, for a total value of $675,500.00. Following the completion of the sale, the director now directly owns 22,159 shares in the company, valued at $2,394,944.72. This trade represents a 22.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.87% of the company’s stock.

Ollie’s Bargain Outlet Stock Up 4.5 %

NASDAQ OLLI opened at $113.07 on Friday. The stock has a market capitalization of $6.93 billion, a P/E ratio of 33.75, a P/E/G ratio of 2.21 and a beta of 0.83. Ollie’s Bargain Outlet Holdings, Inc. has a 52-week low of $68.05 and a 52-week high of $120.03. The firm has a 50-day moving average price of $105.83 and a 200 day moving average price of $102.10.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its earnings results on Wednesday, March 19th. The company reported $1.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $667.10 million for the quarter, compared to analysts’ expectations of $674.61 million. During the same period last year, the company posted $1.23 earnings per share. The business’s quarterly revenue was up 2.8% on a year-over-year basis. On average, equities research analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal year.

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.