Geode Capital Management LLC Has $104.86 Million Stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Geode Capital Management LLC lifted its holdings in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 0.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,078,544 shares of the company’s stock after purchasing an additional 9,492 shares during the quarter. Geode Capital Management LLC owned 1.76% of Ollie’s Bargain Outlet worth $104,860,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of OLLI. International Assets Investment Management LLC acquired a new stake in Ollie’s Bargain Outlet during the 2nd quarter worth approximately $25,000. Crewe Advisors LLC bought a new stake in shares of Ollie’s Bargain Outlet during the second quarter worth $36,000. GAMMA Investing LLC raised its holdings in shares of Ollie’s Bargain Outlet by 37.9% during the third quarter. GAMMA Investing LLC now owns 651 shares of the company’s stock worth $63,000 after acquiring an additional 179 shares during the period. Northwest & Ethical Investments L.P. bought a new stake in Ollie’s Bargain Outlet in the 3rd quarter valued at $117,000. Finally, LRI Investments LLC boosted its stake in Ollie’s Bargain Outlet by 2,356.1% in the 3rd quarter. LRI Investments LLC now owns 1,400 shares of the company’s stock worth $130,000 after purchasing an additional 1,343 shares during the period.

Wall Street Analyst Weigh In

OLLI has been the topic of a number of research reports. JPMorgan Chase & Co. boosted their price target on Ollie’s Bargain Outlet from $105.00 to $135.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Citigroup upgraded Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and boosted their target price for the company from $64.00 to $133.00 in a research note on Wednesday. Royal Bank of Canada raised their price target on shares of Ollie’s Bargain Outlet from $120.00 to $130.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Truist Financial boosted their price objective on shares of Ollie’s Bargain Outlet from $109.00 to $121.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Finally, Craig Hallum raised their target price on shares of Ollie’s Bargain Outlet from $107.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. One investment 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. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $117.85.

Insider Buying and Selling

In related news, CFO Robert F. Helm sold 2,401 shares of the business’s stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $94.68, for a total value of $227,326.68. Following the completion of the sale, the chief financial officer now directly owns 2,021 shares in the company, valued at $191,348.28. The trade was a 54.30 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, President Der Valk Eric Van sold 7,479 shares of the company’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $100.32, for a total value of $750,293.28. Following the completion of the transaction, the president now directly owns 5,615 shares in the company, valued at approximately $563,296.80. This represents a 57.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 97,651 shares of company stock valued at $10,628,452. Company insiders own 0.87% of the company’s stock.

Ollie’s Bargain Outlet Stock Down 0.4 %

OLLI opened at $114.49 on Thursday. Ollie’s Bargain Outlet Holdings, Inc. has a 12-month low of $68.05 and a 12-month high of $118.47. The business has a 50 day moving average of $97.09 and a 200-day moving average of $95.87. The stock has a market cap of $7.02 billion, a price-to-earnings ratio of 34.18, a PEG ratio of 2.79 and a beta of 0.85.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings results on Tuesday, December 10th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $517.43 million during the quarter, compared to the consensus estimate of $518.83 million. During the same quarter last year, the firm posted $0.51 EPS. The company’s quarterly revenue was up 7.8% on a year-over-year basis. As a group, analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

Ollie’s Bargain Outlet Profile

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.