LPL Financial LLC Buys 1,222 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

LPL Financial LLC boosted its stake in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI – Get Rating) by 3.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,811 shares of the company’s stock after purchasing an additional 1,222 shares during the period. LPL Financial LLC owned about 0.05% of Ollie’s Bargain Outlet worth $1,578,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. WCM Investment Management LLC lifted its position in Ollie’s Bargain Outlet by 3.0% during the fourth quarter. WCM Investment Management LLC now owns 414,425 shares of the company’s stock valued at $19,412,000 after purchasing an additional 11,974 shares during the period. Oppenheimer Asset Management Inc. increased its holdings in Ollie’s Bargain Outlet by 35.3% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 33,216 shares of the company’s stock valued at $1,556,000 after buying an additional 8,662 shares during the last quarter. Wolf Group Capital Advisors increased its holdings in Ollie’s Bargain Outlet by 78.0% during the fourth quarter. Wolf Group Capital Advisors now owns 13,122 shares of the company’s stock valued at $615,000 after buying an additional 5,750 shares during the last quarter. Brinker Capital Investments LLC increased its holdings in Ollie’s Bargain Outlet by 12.0% during the fourth quarter. Brinker Capital Investments LLC now owns 4,353 shares of the company’s stock valued at $204,000 after buying an additional 466 shares during the last quarter. Finally, Retirement Systems of Alabama increased its holdings in Ollie’s Bargain Outlet by 0.6% during the fourth quarter. Retirement Systems of Alabama now owns 114,821 shares of the company’s stock valued at $5,378,000 after buying an additional 631 shares during the last quarter.

Ollie’s Bargain Outlet Trading Down 1.3 %

Ollie’s Bargain Outlet stock opened at $60.77 on Thursday. The firm has a market capitalization of $3.76 billion, a PE ratio of 37.05, a price-to-earnings-growth ratio of 1.12 and a beta of 0.97. Ollie’s Bargain Outlet Holdings, Inc. has a 12-month low of $41.96 and a 12-month high of $72.27. The firm has a 50-day moving average price of $61.43 and a 200-day moving average price of $56.69.

Ollie’s Bargain Outlet (NASDAQ:OLLI – Get Rating) last issued its quarterly earnings data on Wednesday, March 22nd. The company reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.04. Ollie’s Bargain Outlet had a net margin of 5.63% and a return on equity of 7.69%. The firm had revenue of $549.80 million for the quarter, compared to the consensus estimate of $542.18 million. During the same quarter in the previous year, the firm earned $0.69 EPS. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. As a group, sell-side analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 2.57 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on OLLI shares. Wells Fargo & Company upped their target price on shares of Ollie’s Bargain Outlet from $60.00 to $67.00 and gave the company an “overweight” rating in a report on Monday, February 6th. Bank of America upped their target price on shares of Ollie’s Bargain Outlet from $68.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, April 12th. StockNews.com initiated coverage on shares of Ollie’s Bargain Outlet in a research note on Thursday, May 18th. They issued a “hold” rating for the company. Loop Capital increased their price objective on shares of Ollie’s Bargain Outlet from $42.00 to $58.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 23rd. Finally, Piper Sandler increased their price objective on shares of Ollie’s Bargain Outlet from $60.00 to $72.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 28th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $62.13.

Insider Activity

In other news, Director Thomas Hendrickson sold 3,000 shares of the company’s stock in a transaction on Friday, March 24th. The shares were sold at an average price of $58.52, for a total transaction of $175,560.00. Following the completion of the sale, the director now owns 610 shares of the company’s stock, valued at $35,697.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.86% of the company’s stock.

About Ollie’s Bargain Outlet

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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.