Vanguard Group Inc. Buys 70,496 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Vanguard Group Inc. lifted its stake in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 1.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,821,957 shares of the company’s stock after buying an additional 70,496 shares during the period. Vanguard Group Inc. owned about 9.50% of Ollie’s Bargain Outlet worth $638,843,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of OLLI. Congress Asset Management Co. boosted its holdings in Ollie’s Bargain Outlet by 181.6% during the 4th quarter. Congress Asset Management Co. now owns 1,916,584 shares of the company’s stock worth $210,307,000 after acquiring an additional 1,235,994 shares during the last quarter. State Street Corp boosted its holdings in Ollie’s Bargain Outlet by 2.1% during the third quarter. State Street Corp now owns 1,871,047 shares of the company’s stock worth $181,866,000 after purchasing an additional 38,203 shares during the last quarter. Geode Capital Management LLC grew its position in Ollie’s Bargain Outlet by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,078,544 shares of the company’s stock worth $104,860,000 after purchasing an additional 9,492 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Ollie’s Bargain Outlet by 0.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 756,051 shares of the company’s stock valued at $82,961,000 after buying an additional 2,393 shares during the last quarter. Finally, Stephens Investment Management Group LLC bought a new position in shares of Ollie’s Bargain Outlet during the 4th quarter worth approximately $78,356,000.

Insider Activity

In related news, Chairman John W. Swygert sold 6,526 shares of the business’s stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $107.87, for a total transaction of $703,959.62. Following the completion of the transaction, the chairman now owns 53,432 shares of the company’s stock, valued at approximately $5,763,709.84. The trade was a 10.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Robert F. Helm sold 2,145 shares of the stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $108.50, for a total transaction of $232,732.50. Following the completion of the sale, the chief financial officer now owns 3,888 shares in the company, valued at $421,848. This represents a 35.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 20,153 shares of company stock worth $2,200,844 over the last ninety days. Company insiders own 0.87% of the company’s stock.

Ollie’s Bargain Outlet Trading Up 0.2 %

Ollie’s Bargain Outlet stock opened at $113.24 on Monday. The firm has a 50 day simple moving average of $105.96 and a 200 day simple moving average of $102.35. Ollie’s Bargain Outlet Holdings, Inc. has a 1-year low of $68.05 and a 1-year high of $120.03. The firm has a market capitalization of $6.94 billion, a price-to-earnings ratio of 33.80, a P/E/G ratio of 2.21 and a beta of 0.83.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings results on Wednesday, March 19th. The company reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.20 by ($0.01). The company had revenue of $667.10 million during the quarter, compared to analysts’ expectations of $674.61 million. Ollie’s Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. Ollie’s Bargain Outlet’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.23 earnings per share. On average, equities research analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently commented on OLLI shares. Piper Sandler decreased their price target on Ollie’s Bargain Outlet from $126.00 to $124.00 and set an “overweight” rating for the company in a research report on Thursday, March 20th. Morgan Stanley raised their target price on Ollie’s Bargain Outlet from $108.00 to $118.00 and gave the company an “equal weight” rating in a research report on Thursday, March 20th. Craig Hallum lifted their target price on Ollie’s Bargain Outlet from $107.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Loop Capital increased their price target on shares of Ollie’s Bargain Outlet from $120.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. Finally, JPMorgan Chase & Co. lifted 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 report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $123.08.

Ollie’s Bargain Outlet Profile

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.