West Branch Capital LLC Has $65,000 Holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

West Branch Capital LLC lessened its position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLIFree Report) by 24.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 857 shares of the company’s stock after selling 271 shares during the period. West Branch Capital LLC’s holdings in Ollie’s Bargain Outlet were worth $65,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Envestnet Asset Management Inc. raised its position in Ollie’s Bargain Outlet by 38.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 145,618 shares of the company’s stock valued at $11,239,000 after buying an additional 40,819 shares during the last quarter. Nordea Investment Management AB acquired a new stake in shares of Ollie’s Bargain Outlet in the fourth quarter valued at approximately $2,372,000. Invesco Ltd. lifted its position in shares of Ollie’s Bargain Outlet by 76.1% in the third quarter. Invesco Ltd. now owns 831,522 shares of the company’s stock worth $64,177,000 after purchasing an additional 359,371 shares in the last quarter. Rhumbline Advisers lifted its position in shares of Ollie’s Bargain Outlet by 4.5% in the third quarter. Rhumbline Advisers now owns 182,049 shares of the company’s stock worth $14,050,000 after purchasing an additional 7,863 shares in the last quarter. Finally, Fred Alger Management LLC boosted its holdings in Ollie’s Bargain Outlet by 5.5% during the third quarter. Fred Alger Management LLC now owns 764,027 shares of the company’s stock worth $58,968,000 after purchasing an additional 39,693 shares during the last quarter.

Insider Buying and Selling

In other news, VP Larry Kraus sold 2,928 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $79.00, for a total transaction of $231,312.00. Following the transaction, the vice president now directly owns 1,905 shares of the company’s stock, valued at $150,495. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, VP Larry Kraus sold 2,928 shares of the stock in a transaction 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 sale, the vice president now directly owns 1,905 shares of the company’s stock, valued at approximately $150,495. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO John W. Swygert sold 5,000 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $82.57, for a total value of $412,850.00. Following the completion of the transaction, the chief executive officer now owns 48,200 shares in the company, valued at approximately $3,979,874. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,587 shares of company stock valued at $1,001,401. 0.86% of the stock is owned by company insiders.

Ollie’s Bargain Outlet Stock Up 1.0 %

Ollie’s Bargain Outlet stock opened at $79.57 on Friday. Ollie’s Bargain Outlet Holdings, Inc. has a twelve month low of $52.93 and a twelve month high of $84.38. The stock has a market cap of $4.88 billion, a P/E ratio of 27.25 and a beta of 0.76. The company’s 50-day moving average price is $76.53 and its two-hundred day moving average price is $75.55.

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

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $86.00 price target on shares of Ollie’s Bargain Outlet in a research report on Thursday, March 21st. Craig Hallum increased their price target on Ollie’s Bargain Outlet from $98.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, March 21st. JPMorgan Chase & Co. lowered their price target on Ollie’s Bargain Outlet from $88.00 to $85.00 and set a “neutral” rating on the stock in a research report on Thursday, March 21st. UBS Group increased their price objective on Ollie’s Bargain Outlet from $92.00 to $95.00 and gave the company a “neutral” rating in a report on Thursday, December 7th. Finally, The Goldman Sachs Group boosted their target price on shares of Ollie’s Bargain Outlet from $91.00 to $104.00 and gave the stock a “buy” rating in a report on Thursday, March 21st. Six analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $84.08.

Get Our Latest Analysis on Ollie’s Bargain Outlet

Ollie’s Bargain Outlet Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding OLLI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLIFree Report).

Institutional Ownership by Quarter for Ollie's Bargain Outlet (NASDAQ:OLLI)

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