State Street Corp Grows Stock Position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

State Street Corp increased its stake in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 2.1% during the 3rd quarter, Holdings Channel.com reports. The fund owned 1,871,047 shares of the company’s stock after purchasing an additional 38,203 shares during the quarter. State Street Corp’s holdings in Ollie’s Bargain Outlet were worth $181,866,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Stifel Financial Corp boosted its holdings in shares of Ollie’s Bargain Outlet by 1.0% during the third quarter. Stifel Financial Corp now owns 49,494 shares of the company’s stock worth $4,811,000 after purchasing an additional 493 shares during the period. Royal London Asset Management Ltd. lifted its holdings in Ollie’s Bargain Outlet by 0.4% in the 3rd quarter. Royal London Asset Management Ltd. now owns 252,842 shares of the company’s stock worth $24,576,000 after buying an additional 888 shares during the period. Holocene Advisors LP lifted its holdings in Ollie’s Bargain Outlet by 10,159.3% in the 3rd quarter. Holocene Advisors LP now owns 471,413 shares of the company’s stock worth $45,821,000 after buying an additional 466,818 shares during the period. Centiva Capital LP bought a new stake in shares of Ollie’s Bargain Outlet in the 3rd quarter worth approximately $1,229,000. Finally, Concentric Capital Strategies LP purchased a new position in shares of Ollie’s Bargain Outlet during the third quarter valued at approximately $1,285,000.

Analysts Set New Price Targets

OLLI has been the topic of several recent analyst reports. JPMorgan Chase & Co. lifted their price target 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. Wells Fargo & Company lifted their target price on shares of Ollie’s Bargain Outlet from $95.00 to $105.00 and gave the company an “equal weight” rating in a research note on Wednesday. Royal Bank of Canada increased 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. Craig Hallum raised their price objective on shares of Ollie’s Bargain Outlet from $107.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Piper Sandler upped their target price on Ollie’s Bargain Outlet from $107.00 to $126.00 and gave the stock an “overweight” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Ollie’s Bargain Outlet presently has a consensus rating of “Moderate Buy” and a consensus target price of $116.58.

Ollie’s Bargain Outlet Trading Down 2.0 %

Ollie’s Bargain Outlet stock opened at $111.19 on Friday. Ollie’s Bargain Outlet Holdings, Inc. has a 12 month low of $68.05 and a 12 month high of $115.98. The company has a market capitalization of $6.82 billion, a price-to-earnings ratio of 33.19, a price-to-earnings-growth ratio of 2.53 and a beta of 0.85. The business’s fifty day simple moving average is $95.95 and its two-hundred day simple moving average is $94.95.

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, topping analysts’ consensus estimates of $0.57 by $0.01. The company had revenue of $517.43 million for the quarter, compared to analysts’ expectations of $518.83 million. Ollie’s Bargain Outlet had a net margin of 9.19% and a return on equity of 13.27%. Ollie’s Bargain Outlet’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.51 EPS. On average, equities research analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.27 EPS for the current year.

Insider Activity at Ollie’s Bargain Outlet

In related news, CEO John W. Swygert sold 2,400 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $102.54, for a total value of $246,096.00. Following the sale, the chief executive officer now owns 48,200 shares in the company, valued at approximately $4,942,428. This trade represents a 4.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, President Der Valk Eric Van sold 7,479 shares of the business’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $100.32, for a total transaction of $750,293.28. Following the sale, the president now owns 5,615 shares of the company’s stock, 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. Insiders sold 95,755 shares of company stock valued at $10,165,712 over the last 90 days. Corporate insiders own 0.87% of the company’s stock.

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.