Avantax Advisory Services Inc. Has $1.50 Million Holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Avantax Advisory Services Inc. raised its holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 13.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,646 shares of the company’s stock after buying an additional 1,634 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Ollie’s Bargain Outlet were worth $1,497,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB lifted its stake in Ollie’s Bargain Outlet by 337.0% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 236 shares of the company’s stock valued at $26,000 after buying an additional 182 shares during the period. Bogart Wealth LLC bought a new stake in shares of Ollie’s Bargain Outlet during the fourth quarter valued at approximately $26,000. Blue Trust Inc. increased its holdings in shares of Ollie’s Bargain Outlet by 55.2% during the fourth quarter. Blue Trust Inc. now owns 284 shares of the company’s stock valued at $31,000 after acquiring an additional 101 shares in the last quarter. Tortoise Investment Management LLC bought a new stake in shares of Ollie’s Bargain Outlet during the fourth quarter valued at approximately $45,000. Finally, Arcadia Investment Management Corp MI bought a new stake in shares of Ollie’s Bargain Outlet during the fourth quarter valued at approximately $58,000.

Ollie’s Bargain Outlet Price Performance

Shares of NASDAQ:OLLI opened at $99.06 on Wednesday. The company has a market capitalization of $6.07 billion, a PE ratio of 29.57, a price-to-earnings-growth ratio of 2.21 and a beta of 0.83. The business has a fifty day moving average price of $105.06 and a two-hundred day moving average price of $101.33. Ollie’s Bargain Outlet Holdings, Inc. has a 1 year low of $68.05 and a 1 year high of $120.03.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on OLLI. Truist Financial boosted their price objective on Ollie’s Bargain Outlet from $109.00 to $121.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. JPMorgan Chase & Co. boosted their price objective 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. Wells Fargo & Company boosted their price objective on Ollie’s Bargain Outlet from $95.00 to $105.00 and gave the company an “equal weight” rating in a report on Wednesday, December 11th. Royal Bank of Canada upped their price target on Ollie’s Bargain Outlet from $130.00 to $133.00 and gave the stock an “outperform” rating in a report on Friday, March 7th. Finally, Jefferies Financial Group downgraded Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and decreased their price target for the stock from $125.00 to $111.00 in a report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, four 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 currently has an average rating of “Moderate Buy” and a consensus price target of $118.29.

Ollie’s Bargain Outlet Company Profile

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.