Calamos Advisors LLC Buys 1,488 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Calamos Advisors LLC grew its stake in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 5.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 29,314 shares of the company’s stock after acquiring an additional 1,488 shares during the period. Calamos Advisors LLC’s holdings in Ollie’s Bargain Outlet were worth $2,225,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of OLLI. Raymond James & Associates raised its stake in shares of Ollie’s Bargain Outlet by 3.6% during the first quarter. Raymond James & Associates now owns 95,209 shares of the company’s stock valued at $4,090,000 after acquiring an additional 3,348 shares in the last quarter. Cetera Advisor Networks LLC bought a new stake in shares of Ollie’s Bargain Outlet during the first quarter valued at approximately $263,000. MetLife Investment Management LLC raised its stake in shares of Ollie’s Bargain Outlet by 29.7% during the first quarter. MetLife Investment Management LLC now owns 38,049 shares of the company’s stock valued at $1,635,000 after acquiring an additional 8,723 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Ollie’s Bargain Outlet by 7.2% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,515 shares of the company’s stock valued at $924,000 after acquiring an additional 1,451 shares in the last quarter. Finally, Great West Life Assurance Co. Can raised its stake in Ollie’s Bargain Outlet by 3.5% in the first quarter. Great West Life Assurance Co. Can now owns 31,651 shares of the company’s stock worth $1,398,000 after buying an additional 1,081 shares in the last quarter.

Ollie’s Bargain Outlet Price Performance

Shares of OLLI opened at $73.21 on Friday. The firm has a market capitalization of $4.49 billion, a PE ratio of 25.07 and a beta of 0.76. Ollie’s Bargain Outlet Holdings, Inc. has a 1-year low of $52.93 and a 1-year high of $84.38. The company’s fifty day moving average price is $76.07 and its 200-day moving average price is $75.09.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings data on Wednesday, March 20th. The company reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.07. The firm had revenue of $648.90 million for the quarter, compared to analyst estimates of $649.39 million. Ollie’s Bargain Outlet had a net margin of 8.63% and a return on equity of 12.55%. The business’s quarterly revenue was up 18.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.84 earnings per share. As a group, research analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.19 EPS for the current fiscal year.

Insider Activity

In other Ollie’s Bargain Outlet news, CFO Robert F. Helm sold 2,317 shares of the company’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of $78.14, for a total value of $181,050.38. Following the sale, the chief financial officer now directly owns 1,777 shares of the company’s stock, valued at $138,854.78. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Ollie’s Bargain Outlet news, CFO Robert F. Helm sold 2,317 shares of the company’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of $78.14, for a total value of $181,050.38. Following the sale, the chief financial officer now directly owns 1,777 shares of the company’s stock, valued at $138,854.78. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO John W. Swygert sold 11,756 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $75.22, for a total transaction of $884,286.32. Following the completion of the sale, the chief executive officer now directly owns 48,200 shares in the company, valued at $3,625,604. The disclosure for this sale can be found here. Insiders have sold 22,171 shares of company stock valued at $1,722,888 over the last ninety days. 0.86% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on OLLI. Loop Capital raised shares of Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $80.00 to $90.00 in a research note on Friday, April 5th. JPMorgan Chase & Co. reduced their price objective on shares of Ollie’s Bargain Outlet from $88.00 to $85.00 and set a “neutral” rating for the company in a research note on Thursday, March 21st. The Goldman Sachs Group boosted their price objective on shares of Ollie’s Bargain Outlet from $91.00 to $104.00 and gave the stock a “buy” rating in a research note on Thursday, March 21st. Craig Hallum boosted their price objective on shares of Ollie’s Bargain Outlet from $98.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, March 21st. Finally, Truist Financial boosted their price objective on shares of Ollie’s Bargain Outlet from $78.00 to $80.00 and gave the stock a “hold” rating in a research note on Thursday, March 21st. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Ollie’s Bargain Outlet has a consensus rating of “Moderate Buy” and a consensus price target of $84.92.

Ollie’s Bargain Outlet Company Profile

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.