SRS Capital Advisors Inc. Has $120,000 Stock Holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

SRS Capital Advisors Inc. lifted its position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 14.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,098 shares of the company’s stock after purchasing an additional 138 shares during the quarter. SRS Capital Advisors Inc.’s holdings in Ollie’s Bargain Outlet were worth $120,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in OLLI. Royce & Associates LP grew its stake in Ollie’s Bargain Outlet by 161.6% during the third quarter. Royce & Associates LP now owns 75,605 shares of the company’s stock worth $7,349,000 after buying an additional 46,706 shares during the last quarter. Oak Thistle LLC bought a new stake in Ollie’s Bargain Outlet during the 4th quarter worth approximately $1,345,000. JPMorgan Chase & Co. increased its holdings in Ollie’s Bargain Outlet by 79.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 189,301 shares of the company’s stock valued at $18,400,000 after purchasing an additional 83,882 shares in the last quarter. Van ECK Associates Corp raised its position in Ollie’s Bargain Outlet by 36.5% in the 4th quarter. Van ECK Associates Corp now owns 46,659 shares of the company’s stock valued at $5,120,000 after purchasing an additional 12,476 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Ollie’s Bargain Outlet by 0.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 753,658 shares of the company’s stock worth $73,256,000 after purchasing an additional 5,438 shares in the last quarter.

Insider Activity at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, SVP Larry Kraus sold 10,646 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $115.58, for a total value of $1,230,464.68. Following the completion of the transaction, the senior vice president now directly owns 1,905 shares of the company’s stock, valued at approximately $220,179.90. The trade was a 84.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO John W. Swygert sold 2,400 shares of the firm’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $102.54, for a total value of $246,096.00. Following the sale, the chief executive officer now directly owns 48,200 shares in the company, valued at approximately $4,942,428. This represents a 4.74 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 78,939 shares of company stock worth $8,745,031. 0.87% of the stock is currently owned by company insiders.

Ollie’s Bargain Outlet Stock Up 1.9 %

NASDAQ:OLLI opened at $105.38 on Thursday. Ollie’s Bargain Outlet Holdings, Inc. has a 12-month low of $68.05 and a 12-month high of $120.03. The stock’s fifty day simple moving average is $106.84 and its 200-day simple moving average is $100.84. The firm has a market capitalization of $6.46 billion, a P/E ratio of 31.46, a P/E/G ratio of 2.21 and a beta of 0.81.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its 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 firm had revenue of $517.43 million for the quarter, compared to analysts’ expectations of $518.83 million. Ollie’s Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The company’s revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.51 earnings per share. As a group, equities research analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on OLLI shares. Craig Hallum raised their target price on Ollie’s Bargain Outlet from $107.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Loop Capital raised their price objective on shares of Ollie’s Bargain Outlet from $120.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. Truist Financial upped their target price 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. Bank of America raised their price target on shares of Ollie’s Bargain Outlet from $115.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Finally, Piper Sandler upped their price objective on Ollie’s Bargain Outlet from $107.00 to $126.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $118.07.

About Ollie’s Bargain Outlet

Ollie’s Bargain Outlet Holdings, Inc is a holding company, which engages in the retail of closeouts, excess inventory, and salvage merchandise. It offers overstocks, package changes, manufacturer refurbished goods, and irregulars. The company’s products include housewares, food, books and stationery, bed and bath, floor coverings, electronics and toys.