Xponance Inc. Cuts Stock Position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Xponance Inc. reduced its position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 2.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,291 shares of the company’s stock after selling 193 shares during the quarter. Xponance Inc.’s holdings in Ollie’s Bargain Outlet were worth $705,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Ollie’s Bargain Outlet by 11.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,214 shares of the company’s stock worth $851,000 after purchasing an additional 1,159 shares in the last quarter. Strs Ohio lifted its stake in shares of Ollie’s Bargain Outlet by 25.7% in the 4th quarter. Strs Ohio now owns 17,955 shares of the company’s stock valued at $1,362,000 after acquiring an additional 3,675 shares during the last quarter. Louisiana State Employees Retirement System bought a new stake in shares of Ollie’s Bargain Outlet in the 4th quarter valued at about $1,313,000. Shaker Investments LLC OH lifted its stake in shares of Ollie’s Bargain Outlet by 10.0% in the 4th quarter. Shaker Investments LLC OH now owns 32,089 shares of the company’s stock valued at $2,435,000 after acquiring an additional 2,924 shares during the last quarter. Finally, New York State Teachers Retirement System lifted its stake in shares of Ollie’s Bargain Outlet by 0.5% in the 4th quarter. New York State Teachers Retirement System now owns 59,747 shares of the company’s stock valued at $4,534,000 after acquiring an additional 300 shares during the last quarter.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Craig Hallum boosted their target price on Ollie’s Bargain Outlet from $98.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, March 21st. Truist Financial upped their price target on Ollie’s Bargain Outlet from $78.00 to $80.00 and gave the company a “hold” rating in a research report on Thursday, March 21st. Loop Capital upgraded Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and increased their price objective for the stock from $80.00 to $90.00 in a report on Friday, April 5th. JPMorgan Chase & Co. dropped their price objective on Ollie’s Bargain Outlet from $88.00 to $85.00 and set a “neutral” rating for the company in a report on Thursday, March 21st. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $86.00 price objective on shares of Ollie’s Bargain Outlet in a report 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’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $84.92.

Insider Activity at Ollie’s Bargain Outlet

In related news, VP Larry Kraus sold 2,928 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $79.00, for a total transaction of $231,312.00. Following the completion of the transaction, the vice president now owns 1,905 shares of the company’s stock, valued at approximately $150,495. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, VP Larry Kraus sold 2,928 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $79.00, for a total transaction of $231,312.00. Following the completion of the transaction, the vice president now owns 1,905 shares of the company’s stock, valued at approximately $150,495. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Thomas Hendrickson sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $72.29, for a total value of $361,450.00. Following the transaction, the director now directly owns 5,659 shares of the company’s stock, valued at approximately $409,089.11. The disclosure for this sale can be found here. Insiders sold a total of 27,171 shares of company stock valued at $2,084,338 in the last 90 days. Corporate insiders own 0.86% of the company’s stock.

Ollie’s Bargain Outlet Stock Up 0.1 %

OLLI opened at $74.46 on Friday. The stock has a market cap of $4.57 billion, a PE ratio of 25.50 and a beta of 0.76. The business has a 50 day moving average of $75.79 and a 200-day moving average of $75.09. Ollie’s Bargain Outlet Holdings, Inc. has a 52 week low of $52.93 and a 52 week high of $84.38.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its earnings results on Wednesday, March 20th. The company reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.07. Ollie’s Bargain Outlet had a return on equity of 12.55% and a net margin of 8.63%. The company had revenue of $648.90 million during the quarter, compared to analysts’ expectations of $649.39 million. During the same quarter last year, the business posted $0.84 EPS. The firm’s revenue for the quarter was up 18.0% compared to the same quarter last year. Equities analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.19 EPS for the current year.

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.