Shaker Investments LLC OH Sells 158 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Shaker Investments LLC OH reduced its position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 0.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,214 shares of the company’s stock after selling 158 shares during the period. Ollie’s Bargain Outlet makes up about 1.5% of Shaker Investments LLC OH’s investment portfolio, making the stock its 23rd biggest position. Shaker Investments LLC OH owned approximately 0.05% of Ollie’s Bargain Outlet worth $3,535,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of OLLI. Stephens Investment Management Group LLC purchased a new position in Ollie’s Bargain Outlet during the fourth quarter valued at approximately $78,356,000. Holocene Advisors LP lifted its stake in shares of Ollie’s Bargain Outlet by 10,159.3% during the 3rd quarter. Holocene Advisors LP now owns 471,413 shares of the company’s stock valued at $45,821,000 after buying an additional 466,818 shares in the last quarter. Wellington Management Group LLP increased its stake in Ollie’s Bargain Outlet by 155.8% in the 3rd quarter. Wellington Management Group LLP now owns 483,044 shares of the company’s stock worth $46,952,000 after buying an additional 294,217 shares in the last quarter. Loomis Sayles & Co. L P purchased a new stake in Ollie’s Bargain Outlet in the 3rd quarter worth $16,590,000. Finally, Victory Capital Management Inc. lifted its position in shares of Ollie’s Bargain Outlet by 84.8% in the third quarter. Victory Capital Management Inc. now owns 313,836 shares of the company’s stock valued at $30,505,000 after acquiring an additional 143,996 shares in the last quarter.

Ollie’s Bargain Outlet Stock Down 1.4 %

Shares of NASDAQ OLLI opened at $103.25 on Tuesday. The business has a fifty day simple moving average of $109.07 and a two-hundred day simple moving average of $99.80. The firm has a market cap of $6.33 billion, a PE ratio of 30.82, a price-to-earnings-growth ratio of 2.33 and a beta of 0.81. Ollie’s Bargain Outlet Holdings, Inc. has a twelve month low of $68.05 and a twelve month high of $120.03.

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

Insider Activity

In other news, SVP James J. Comitale sold 5,325 shares of the business’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $113.95, for a total value of $606,783.75. Following the completion of the transaction, the senior vice president now directly owns 3,140 shares of the company’s stock, valued at approximately $357,803. The trade was a 62.91 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Thomas Hendrickson sold 6,250 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $114.74, for a total transaction of $717,125.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 87,771 shares of company stock worth $9,650,832. Corporate insiders own 0.87% of the company’s stock.

Analyst Upgrades and Downgrades

OLLI has been the subject of several research analyst reports. Craig Hallum increased their target price on Ollie’s Bargain Outlet from $107.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. StockNews.com downgraded Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research note on Tuesday, February 4th. 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. Truist Financial boosted their price target 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, Citigroup upgraded 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. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, Ollie’s Bargain Outlet presently has a consensus rating of “Moderate Buy” and a consensus target price of $118.07.

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.