Mount Yale Investment Advisors LLC Makes New $944,000 Investment in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Mount Yale Investment Advisors LLC purchased a new stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 8,607 shares of the company’s stock, valued at approximately $944,000.

Several other large investors have also recently made changes to their positions in the stock. KBC Group NV raised its position in Ollie’s Bargain Outlet by 69.2% in the fourth quarter. KBC Group NV now owns 2,658 shares of the company’s stock valued at $292,000 after purchasing an additional 1,087 shares during the period. Blue Trust Inc. grew its stake in shares of Ollie’s Bargain Outlet by 55.2% in the fourth quarter. Blue Trust Inc. now owns 284 shares of the company’s stock valued at $31,000 after buying an additional 101 shares in the last quarter. Kingswood Wealth Advisors LLC purchased a new stake in shares of Ollie’s Bargain Outlet in the 4th quarter valued at $278,000. Tributary Capital Management LLC lifted its stake in Ollie’s Bargain Outlet by 1.7% during the 4th quarter. Tributary Capital Management LLC now owns 284,351 shares of the company’s stock worth $31,202,000 after acquiring an additional 4,787 shares in the last quarter. Finally, Exchange Traded Concepts LLC boosted its holdings in Ollie’s Bargain Outlet by 2.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 8,570 shares of the company’s stock valued at $940,000 after acquiring an additional 215 shares during the period.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on OLLI shares. Craig Hallum boosted their price target on shares of Ollie’s Bargain Outlet from $107.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Bank of America upped their target price 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. Loop Capital raised their price target on shares of Ollie’s Bargain Outlet from $120.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. Piper Sandler upped their price objective on Ollie’s Bargain Outlet from $107.00 to $126.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Finally, 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 research note 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 company’s stock. Based on data from MarketBeat.com, Ollie’s Bargain Outlet has an average rating of “Moderate Buy” and an average target price of $118.62.

Insiders Place Their Bets

In other news, SVP James J. Comitale sold 5,325 shares of the firm’s stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 3,140 shares in the company, valued at approximately $357,803. This trade represents a 62.91 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO John W. Swygert sold 4,800 shares of the stock in a transaction on 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 owns 48,200 shares of the company’s stock, valued at approximately $4,945,320. This represents a 9.06 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 87,771 shares of company stock valued at $9,650,832. 0.87% of the stock is currently owned by insiders.

Ollie’s Bargain Outlet Stock Up 0.1 %

OLLI stock opened at $113.05 on Tuesday. The business has a 50 day moving average price of $106.64 and a 200 day moving average price of $99.21. The stock has a market cap of $6.93 billion, a price-to-earnings ratio of 33.75, a PEG ratio of 2.75 and a beta of 0.82. Ollie’s Bargain Outlet Holdings, Inc. has a fifty-two week low of $68.05 and a fifty-two week high of $120.03.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings data 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 business 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%. The company’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.51 EPS. As a group, sell-side analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

About Ollie’s Bargain Outlet

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.