HBK Sorce Advisory LLC Sells 147 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

HBK Sorce Advisory LLC cut its holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 0.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,722 shares of the company’s stock after selling 147 shares during the quarter. HBK Sorce Advisory LLC’s holdings in Ollie’s Bargain Outlet were worth $2,932,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of OLLI. Congress Asset Management Co. grew its stake in shares of Ollie’s Bargain Outlet by 181.6% in the fourth quarter. Congress Asset Management Co. now owns 1,916,584 shares of the company’s stock worth $210,307,000 after purchasing an additional 1,235,994 shares during the last quarter. Stephens Investment Management Group LLC bought a new stake in shares of Ollie’s Bargain Outlet in the fourth quarter worth about $78,356,000. Holocene Advisors LP grew its stake in shares of Ollie’s Bargain Outlet by 10,159.3% in the third quarter. Holocene Advisors LP now owns 471,413 shares of the company’s stock worth $45,821,000 after purchasing an additional 466,818 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Ollie’s Bargain Outlet in the fourth quarter worth about $48,633,000. Finally, Wellington Management Group LLP grew its stake in shares of Ollie’s Bargain Outlet by 155.8% in the third quarter. Wellington Management Group LLP now owns 483,044 shares of the company’s stock worth $46,952,000 after purchasing an additional 294,217 shares during the last quarter.

Ollie’s Bargain Outlet Stock Performance

OLLI stock opened at $102.35 on Thursday. Ollie’s Bargain Outlet Holdings, Inc. has a 52-week low of $68.05 and a 52-week high of $120.03. The firm has a market capitalization of $6.27 billion, a price-to-earnings ratio of 30.55, a PEG ratio of 2.21 and a beta of 0.83. The firm has a 50 day moving average price of $105.58 and a 200-day moving average price of $101.01.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings data on Tuesday, December 10th. The company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. Ollie’s Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. The company had revenue of $517.43 million during the quarter, compared to analyst estimates of $518.83 million. During the same period in the previous year, the business earned $0.51 EPS. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. As a group, sell-side analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Thomas Hendrickson sold 6,250 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $114.74, for a total value of $717,125.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Larry Kraus sold 10,646 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $115.58, for a total transaction of $1,230,464.68. Following the completion of the sale, the senior vice president now directly owns 1,905 shares of the company’s stock, valued at approximately $220,179.90. This trade represents a 84.82 % decrease in their position. The disclosure for this sale can be found here. 0.87% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have commented on OLLI shares. Royal Bank of Canada raised their price objective on shares of Ollie’s Bargain Outlet from $130.00 to $133.00 and gave the stock an “outperform” rating in a report on Friday, March 7th. Piper Sandler raised their price objective on shares of Ollie’s Bargain Outlet from $107.00 to $126.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. JPMorgan Chase & Co. raised their price objective on shares of Ollie’s Bargain Outlet from $105.00 to $135.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Jefferies Financial Group lowered shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $125.00 to $111.00 in a report on Tuesday, February 4th. Finally, Bank of America raised their price objective on shares of Ollie’s Bargain Outlet from $115.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. One 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 company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.