Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Shares Bought by Diversify Wealth Management LLC

Diversify Wealth Management LLC raised its holdings in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 26.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,651 shares of the company’s stock after buying an additional 1,830 shares during the period. Diversify Wealth Management LLC’s holdings in Ollie’s Bargain Outlet were worth $920,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of OLLI. LVW Advisors LLC acquired a new stake in shares of Ollie’s Bargain Outlet during the fourth quarter worth approximately $627,000. Everpar Advisors LLC acquired a new stake in shares of Ollie’s Bargain Outlet in the fourth quarter worth about $319,000. Legacy Wealth Asset Management LLC bought a new stake in Ollie’s Bargain Outlet during the fourth quarter worth approximately $323,000. Heritage Family Offices LLP grew its stake in Ollie’s Bargain Outlet by 104.8% in the 4th quarter. Heritage Family Offices LLP now owns 5,604 shares of the company’s stock valued at $615,000 after buying an additional 2,868 shares during the last quarter. Finally, Park Avenue Securities LLC bought a new position in shares of Ollie’s Bargain Outlet in the fourth quarter worth about $504,000.

Analysts Set New Price Targets

Several brokerages have recently issued reports on OLLI. JPMorgan Chase & Co. raised their price objective on shares of Ollie’s Bargain Outlet from $105.00 to $135.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Loop Capital raised their price objective on shares of Ollie’s Bargain Outlet from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. Citigroup raised shares of Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and raised their price objective for the stock from $64.00 to $133.00 in a report on Wednesday, December 18th. Craig Hallum boosted their target price on Ollie’s Bargain Outlet from $107.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Finally, Piper Sandler raised their price target on shares of Ollie’s Bargain Outlet from $107.00 to $126.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $118.62.

Ollie’s Bargain Outlet Trading Up 2.3 %

Shares of OLLI stock opened at $106.86 on Tuesday. The business’s 50-day moving average price is $104.56 and its 200-day moving average price is $98.75. The firm has a market capitalization of $6.55 billion, a price-to-earnings ratio of 31.90, a PEG ratio of 2.63 and a beta of 0.82. Ollie’s Bargain Outlet Holdings, Inc. has a 12 month low of $68.05 and a 12 month high of $120.03.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings data on Tuesday, December 10th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. Ollie’s Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The company had revenue of $517.43 million for the quarter, compared to the consensus estimate of $518.83 million. During the same period in the previous year, the business earned $0.51 EPS. The firm’s revenue was up 7.8% compared to the same quarter last year. On average, sell-side analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO John W. Swygert sold 4,800 shares of the firm’s 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 completion of the sale, the chief executive officer now directly owns 48,200 shares of the company’s stock, valued at $4,945,320. This trade represents a 9.06 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Thomas Hendrickson sold 6,250 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $114.74, for a total transaction of $717,125.00. The disclosure for this sale can be found here. Insiders sold 87,771 shares of company stock worth $9,650,832 over the last three months. 0.87% of the stock is currently owned by insiders.

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.