KLP Kapitalforvaltning AS Invests $1.64 Million in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

KLP Kapitalforvaltning AS purchased a new stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 14,900 shares of the company’s stock, valued at approximately $1,635,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Legacy Capital Wealth Partners LLC grew its holdings in shares of Ollie’s Bargain Outlet by 3.4% during the fourth quarter. Legacy Capital Wealth Partners LLC now owns 2,834 shares of the company’s stock valued at $311,000 after buying an additional 94 shares during the last quarter. Blue Trust Inc. lifted its position in Ollie’s Bargain Outlet by 55.2% in the 4th 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. UMB Bank n.a. boosted its stake in Ollie’s Bargain Outlet by 25.3% during the 4th quarter. UMB Bank n.a. now owns 545 shares of the company’s stock valued at $60,000 after purchasing an additional 110 shares during the last quarter. Precision Wealth Strategies LLC increased its holdings in Ollie’s Bargain Outlet by 3.2% during the 4th quarter. Precision Wealth Strategies LLC now owns 3,889 shares of the company’s stock worth $427,000 after purchasing an additional 119 shares in the last quarter. Finally, SRS Capital Advisors Inc. raised its stake in shares of Ollie’s Bargain Outlet by 14.4% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,098 shares of the company’s stock worth $120,000 after purchasing an additional 138 shares during the last quarter.

Ollie’s Bargain Outlet Trading Up 0.2 %

Shares of NASDAQ OLLI opened at $113.24 on Friday. The firm has a market cap of $6.94 billion, a price-to-earnings ratio of 33.80, a price-to-earnings-growth ratio of 2.21 and a beta of 0.83. The stock has a fifty day simple moving average of $105.96 and a two-hundred day simple moving average of $102.24. Ollie’s Bargain Outlet Holdings, Inc. has a 1-year low of $68.05 and a 1-year high of $120.03.

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

Analyst Ratings Changes

OLLI has been the subject of several recent research reports. JPMorgan Chase & Co. upped their price target on Ollie’s Bargain Outlet from $105.00 to $135.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Loop Capital increased their target price on shares of Ollie’s Bargain Outlet from $120.00 to $130.00 and gave the company a “buy” rating in a report on Monday, December 23rd. Jefferies Financial Group cut shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and cut their price target for the stock from $125.00 to $111.00 in a report on Tuesday, February 4th. StockNews.com lowered shares of Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research note on Tuesday, February 4th. Finally, Royal Bank of Canada boosted their target price on Ollie’s Bargain Outlet from $130.00 to $133.00 and gave the stock an “outperform” rating in a research note on Friday, March 7th. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Ollie’s Bargain Outlet has an average rating of “Moderate Buy” and a consensus price target of $123.08.

Insider Activity

In other news, Chairman John W. Swygert sold 6,526 shares of Ollie’s Bargain Outlet stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $107.87, for a total value of $703,959.62. Following the completion of the transaction, the chairman now directly owns 53,432 shares in the company, valued at approximately $5,763,709.84. The trade was a 10.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert Fisch sold 6,250 shares of the business’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $108.08, for a total value of $675,500.00. Following the sale, the director now owns 22,159 shares in the company, valued at approximately $2,394,944.72. The trade was a 22.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 20,153 shares of company stock valued at $2,200,844 over the last quarter. Company insiders own 0.87% of the company’s stock.

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.