Everpar Advisors LLC Acquires Shares of 2,906 Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Everpar Advisors LLC bought a new position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,906 shares of the company’s stock, valued at approximately $319,000.

A number of other institutional investors have also modified their holdings of the business. Royce & Associates LP grew its position in Ollie’s Bargain Outlet by 161.6% during the 3rd quarter. Royce & Associates LP now owns 75,605 shares of the company’s stock worth $7,349,000 after purchasing an additional 46,706 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Ollie’s Bargain Outlet by 79.6% during the third quarter. JPMorgan Chase & Co. now owns 189,301 shares of the company’s stock worth $18,400,000 after buying an additional 83,882 shares during the last quarter. Oak Thistle LLC acquired a new position in Ollie’s Bargain Outlet in the 4th quarter valued at about $1,345,000. Charles Schwab Investment Management Inc. raised its stake in Ollie’s Bargain Outlet by 0.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 753,658 shares of the company’s stock valued at $73,256,000 after acquiring an additional 5,438 shares during the last quarter. Finally, Fred Alger Management LLC lifted its position in Ollie’s Bargain Outlet by 12.1% during the 3rd quarter. Fred Alger Management LLC now owns 772,145 shares of the company’s stock worth $75,052,000 after acquiring an additional 83,063 shares during the period.

Analyst Ratings Changes

Several equities research analysts have recently commented on OLLI shares. Truist Financial upped their price target on Ollie’s Bargain Outlet from $109.00 to $121.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Citigroup upgraded shares of Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and upped their price objective for the stock from $64.00 to $133.00 in a research report on Wednesday, December 18th. JPMorgan Chase & Co. lifted their target price on shares of Ollie’s Bargain Outlet from $105.00 to $135.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Bank of America raised 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. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $130.00 target price on shares of Ollie’s Bargain Outlet in a research report on Monday, December 23rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $118.62.

Insider Buying and Selling at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, SVP Larry Kraus sold 10,646 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $115.58, for a total transaction of $1,230,464.68. Following the sale, the senior vice president now owns 1,905 shares in the company, valued at approximately $220,179.90. This represents a 84.82 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO John W. Swygert sold 4,800 shares of the business’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $102.60, for a total value of $492,480.00. Following the completion of the transaction, the chief executive officer now directly owns 48,200 shares of the company’s stock, valued at approximately $4,945,320. This trade represents a 9.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 87,771 shares of company stock worth $9,650,832. 0.87% of the stock is owned by corporate insiders.

Ollie’s Bargain Outlet Price Performance

OLLI opened at $104.48 on Friday. Ollie’s Bargain Outlet Holdings, Inc. has a 1-year low of $68.05 and a 1-year high of $120.03. The stock has a market cap of $6.40 billion, a P/E ratio of 31.19, a P/E/G ratio of 2.63 and a beta of 0.82. The stock’s 50 day simple moving average is $104.23 and its 200 day simple moving average is $98.60.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its earnings results on Tuesday, December 10th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.01. The company had revenue of $517.43 million for the quarter, compared to analyst estimates of $518.83 million. Ollie’s Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. Ollie’s Bargain Outlet’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.51 earnings per share. Research analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

Ollie’s Bargain Outlet Company 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.