Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Shares Sold by AlphaQuest LLC

AlphaQuest LLC decreased its position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 15.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,702 shares of the company’s stock after selling 316 shares during the quarter. AlphaQuest LLC’s holdings in Ollie’s Bargain Outlet were worth $187,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in OLLI. Legacy Capital Wealth Partners LLC increased its position in Ollie’s Bargain Outlet by 3.4% during the 4th quarter. Legacy Capital Wealth Partners LLC now owns 2,834 shares of the company’s stock worth $311,000 after purchasing an additional 94 shares in the last quarter. Blue Trust Inc. increased its position in Ollie’s Bargain Outlet by 55.2% during the 4th quarter. Blue Trust Inc. now owns 284 shares of the company’s stock worth $31,000 after purchasing an additional 101 shares in the last quarter. UMB Bank n.a. increased its position in Ollie’s Bargain Outlet by 25.3% during the 4th quarter. UMB Bank n.a. now owns 545 shares of the company’s stock worth $60,000 after purchasing an additional 110 shares in the last quarter. Precision Wealth Strategies LLC increased its position in Ollie’s Bargain Outlet by 3.2% during the 4th quarter. Precision Wealth Strategies LLC now owns 3,889 shares of the company’s stock worth $427,000 after purchasing an additional 119 shares in the last quarter. Finally, SRS Capital Advisors Inc. increased its position in Ollie’s Bargain Outlet by 14.4% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,098 shares of the company’s stock worth $120,000 after purchasing an additional 138 shares in the last quarter.

Analysts Set New Price Targets

Several brokerages have issued reports on OLLI. Royal Bank of Canada increased their price objective on shares of Ollie’s Bargain Outlet from $130.00 to $133.00 and gave the company an “outperform” rating in a research report on Friday, March 7th. Bank of America increased their price objective on shares of Ollie’s Bargain Outlet from $115.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Piper Sandler increased their price objective on shares of Ollie’s Bargain Outlet from $107.00 to $126.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Citigroup raised shares of Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and increased their price objective for the company from $64.00 to $133.00 in a research report on Wednesday, December 18th. Finally, Wells Fargo & Company increased their price objective on shares of Ollie’s Bargain Outlet from $95.00 to $105.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $118.29.

Ollie’s Bargain Outlet Price Performance

Shares of OLLI opened at $102.49 on Monday. The business’s fifty day moving average price is $105.21 and its 200 day moving average price is $101.15. Ollie’s Bargain Outlet Holdings, Inc. has a 12-month low of $68.05 and a 12-month high of $120.03. The stock has a market capitalization of $6.28 billion, a PE ratio of 30.59, a price-to-earnings-growth ratio of 2.21 and a beta of 0.83.

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.