Madison Investment Advisors LLC Makes New Investment in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Madison Investment Advisors LLC acquired a new position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 26,807 shares of the company’s stock, valued at approximately $2,942,000.

Several other institutional investors also recently bought and sold shares of the business. Impact Capital Partners LLC acquired a new position in shares of Ollie’s Bargain Outlet during the fourth quarter worth $406,000. Swiss National Bank lifted its position in shares of Ollie’s Bargain Outlet by 0.9% during the fourth quarter. Swiss National Bank now owns 120,600 shares of the company’s stock worth $13,233,000 after purchasing an additional 1,100 shares in the last quarter. Avantax Advisory Services Inc. lifted its position in shares of Ollie’s Bargain Outlet by 13.6% during the fourth quarter. Avantax Advisory Services Inc. now owns 13,646 shares of the company’s stock worth $1,497,000 after purchasing an additional 1,634 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Ollie’s Bargain Outlet by 666.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,132 shares of the company’s stock worth $234,000 after purchasing an additional 1,854 shares in the last quarter. Finally, HighTower Advisors LLC lifted its position in shares of Ollie’s Bargain Outlet by 37.4% during the fourth quarter. HighTower Advisors LLC now owns 16,406 shares of the company’s stock worth $1,800,000 after purchasing an additional 4,466 shares in the last quarter.

Analyst Upgrades and Downgrades

OLLI has been the topic of a number of recent research reports. Craig Hallum boosted their target price on shares of Ollie’s Bargain Outlet from $107.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. StockNews.com cut shares of Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research report on Tuesday, February 4th. Truist Financial boosted 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. Piper Sandler upped their price target on shares of Ollie’s Bargain Outlet from $107.00 to $126.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Finally, Bank of America upped 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. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $118.29.

Ollie’s Bargain Outlet Stock Performance

Shares of NASDAQ:OLLI opened at $101.24 on Friday. The stock has a market capitalization of $6.20 billion, a price-to-earnings ratio of 30.22, a price-to-earnings-growth ratio of 2.21 and a beta of 0.83. Ollie’s Bargain Outlet Holdings, Inc. has a 1-year low of $68.05 and a 1-year high of $120.03. The company’s fifty day moving average is $105.43 and its two-hundred day moving average is $101.02.

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

Insiders Place Their Bets

In other news, Director Thomas Hendrickson sold 6,250 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $114.74, for a total transaction of $717,125.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Larry Kraus sold 10,646 shares of the company’s stock in a transaction dated 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 transaction, the senior vice president now owns 1,905 shares of the company’s stock, valued at $220,179.90. This 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 corporate insiders.

Ollie’s Bargain Outlet 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.