Alliance Wealth Advisors LLC UT Buys 144 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Alliance Wealth Advisors LLC UT increased its stake in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 3.4% in the fourth quarter, HoldingsChannel reports. The firm owned 4,410 shares of the company’s stock after buying an additional 144 shares during the period. Alliance Wealth Advisors LLC UT’s holdings in Ollie’s Bargain Outlet were worth $335,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. CWM LLC grew its holdings in Ollie’s Bargain Outlet by 58.5% in the third quarter. CWM LLC now owns 1,384 shares of the company’s stock worth $107,000 after purchasing an additional 511 shares during the last quarter. SG Americas Securities LLC purchased a new position in Ollie’s Bargain Outlet during the 3rd quarter worth $785,000. State of Alaska Department of Revenue increased its position in Ollie’s Bargain Outlet by 2.9% during the 3rd quarter. State of Alaska Department of Revenue now owns 7,345 shares of the company’s stock valued at $566,000 after buying an additional 210 shares in the last quarter. Handelsbanken Fonder AB raised its stake in Ollie’s Bargain Outlet by 40.0% in the third quarter. Handelsbanken Fonder AB now owns 12,600 shares of the company’s stock valued at $972,000 after buying an additional 3,600 shares during the last quarter. Finally, Sheets Smith Wealth Management grew its stake in shares of Ollie’s Bargain Outlet by 2.5% during the third quarter. Sheets Smith Wealth Management now owns 6,461 shares of the company’s stock worth $499,000 after acquiring an additional 158 shares during the last quarter.

Analyst Ratings Changes

A number of research firms recently commented on OLLI. The Goldman Sachs Group lifted 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 research note on Thursday, March 21st. Craig Hallum lifted their price target on Ollie’s Bargain Outlet from $98.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, March 21st. Royal Bank of Canada restated an “outperform” rating and issued a $86.00 price objective on shares of Ollie’s Bargain Outlet in a research note on Thursday, March 21st. Loop Capital raised shares of Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and raised their price target for the stock from $80.00 to $90.00 in a research report on Friday, April 5th. Finally, Truist Financial upped their price objective on shares of Ollie’s Bargain Outlet from $78.00 to $80.00 and gave the company a “hold” rating in a report on Thursday, March 21st. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, Ollie’s Bargain Outlet presently has an average rating of “Moderate Buy” and a consensus price target of $84.92.

Ollie’s Bargain Outlet Stock Up 0.1 %

Shares of OLLI stock traded up $0.11 during trading hours on Friday, hitting $74.46. 584,139 shares of the company’s stock were exchanged, compared to its average volume of 1,004,903. The firm has a market cap of $4.57 billion, a P/E ratio of 25.50 and a beta of 0.76. The firm has a 50 day moving average of $75.72 and a two-hundred day moving average of $75.11. Ollie’s Bargain Outlet Holdings, Inc. has a fifty-two week low of $52.93 and a fifty-two week high of $84.38.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings data on Wednesday, March 20th. The company reported $1.23 EPS for the quarter, topping the consensus estimate of $1.16 by $0.07. The company had revenue of $648.90 million during 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%. Ollie’s Bargain Outlet’s quarterly revenue was up 18.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.84 EPS. On average, equities analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.19 earnings per share for the current fiscal year.

Insider Activity at Ollie’s Bargain Outlet

In related news, VP Larry Kraus sold 2,928 shares of the business’s stock in a transaction dated 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 in the company, valued at $150,495. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Thomas Hendrickson sold 5,000 shares of Ollie’s Bargain Outlet stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $72.29, for a total transaction of $361,450.00. Following the transaction, the director now owns 5,659 shares in the company, valued at approximately $409,089.11. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Larry Kraus sold 2,928 shares of the firm’s stock in a transaction dated 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 owns 1,905 shares of the company’s stock, valued at $150,495. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,171 shares of company stock valued at $2,084,338. 0.86% of the stock is 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.