Brown Brothers Harriman & Co. Purchases Shares of 300 Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Brown Brothers Harriman & Co. acquired a new position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 300 shares of the company’s stock, valued at approximately $33,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Ollie’s Bargain Outlet by 489.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 230 shares of the company’s stock worth $25,000 after buying an additional 191 shares during the last quarter. Wilmington Savings Fund Society FSB grew its holdings 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 purchasing an additional 182 shares during the period. Bogart Wealth LLC acquired a new position in Ollie’s Bargain Outlet during the fourth quarter worth approximately $26,000. Blue Trust Inc. raised its stake in Ollie’s Bargain Outlet by 55.2% during the fourth quarter. Blue Trust Inc. now owns 284 shares of the company’s stock worth $31,000 after purchasing an additional 101 shares during the period. Finally, Harvest Fund Management Co. Ltd acquired a new position in shares of Ollie’s Bargain Outlet in the 4th quarter valued at $41,000.

Analysts Set New Price Targets

Several brokerages recently weighed in on OLLI. Piper Sandler cut their target price on Ollie’s Bargain Outlet from $126.00 to $124.00 and set an “overweight” rating on the stock in a research report on Thursday, March 20th. Bank of America lifted their price objective on Ollie’s Bargain Outlet from $115.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. UBS Group increased their target price on shares of Ollie’s Bargain Outlet from $117.00 to $123.00 and gave the stock a “neutral” rating in a research report on Thursday, March 20th. Craig Hallum boosted 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 research note on Wednesday, December 11th. Finally, Citigroup raised shares of Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and raised their target price for the company from $64.00 to $133.00 in a research note on Wednesday, December 18th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $123.08.

Ollie’s Bargain Outlet Stock Performance

NASDAQ:OLLI opened at $118.20 on Thursday. The stock has a market cap of $7.24 billion, a price-to-earnings ratio of 35.28, a price-to-earnings-growth ratio of 2.21 and a beta of 0.83. Ollie’s Bargain Outlet Holdings, Inc. has a one year low of $68.05 and a one year high of $120.03. The business’s 50-day simple moving average is $106.30 and its 200 day simple moving average is $102.70.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings data on Wednesday, March 19th. The company reported $1.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.01). The business had revenue of $667.10 million for the quarter, compared to analysts’ expectations of $674.61 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 for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.23 earnings per share. On average, equities research analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

Insider Buying and Selling at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, Chairman John W. Swygert sold 5,232 shares of the stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $112.51, for a total transaction of $588,652.32. Following the transaction, the chairman now owns 48,200 shares of the company’s stock, valued at $5,422,982. This trade represents a 9.79 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Kevin Mclain sold 4,799 shares of the business’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $115.56, for a total value of $554,572.44. Following the completion of the sale, the senior vice president now owns 12,336 shares of the company’s stock, valued at $1,425,548.16. This trade represents a 28.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 26,105 shares of company stock worth $2,883,227 in the last ninety days. 0.87% of the stock is owned by insiders.

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.