OLD National Bancorp IN Has $588,000 Stock Position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

OLD National Bancorp IN lifted its holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 112.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,355 shares of the company’s stock after acquiring an additional 2,833 shares during the period. OLD National Bancorp IN’s holdings in Ollie’s Bargain Outlet were worth $588,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of OLLI. Blue Trust Inc. grew its position in shares of Ollie’s Bargain Outlet by 55.2% during the 4th quarter. Blue Trust Inc. now owns 284 shares of the company’s stock worth $31,000 after purchasing an additional 101 shares in the last quarter. UMB Bank n.a. grew its position in Ollie’s Bargain Outlet by 25.3% during the fourth quarter. UMB Bank n.a. now owns 545 shares of the company’s stock worth $60,000 after buying an additional 110 shares in the last quarter. GAMMA Investing LLC increased its stake in Ollie’s Bargain Outlet by 37.9% during the 3rd quarter. GAMMA Investing LLC now owns 651 shares of the company’s stock worth $63,000 after acquiring an additional 179 shares during the period. Park Place Capital Corp bought a new stake in shares of Ollie’s Bargain Outlet during the 4th quarter valued at $77,000. Finally, Eagle Bay Advisors LLC acquired a new stake in shares of Ollie’s Bargain Outlet during the 4th quarter worth $79,000.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Bank of America upped 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 research report on Wednesday, December 11th. Citigroup raised shares of Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and lifted their price objective for the company from $64.00 to $133.00 in a research note on Wednesday, December 18th. StockNews.com upgraded Ollie’s Bargain Outlet from a “sell” rating to a “hold” rating in a research note on Thursday, January 23rd. Piper Sandler raised their target price on 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, Truist Financial upped their price objective on 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. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $118.62.

Ollie’s Bargain Outlet Stock Down 1.2 %

Shares of Ollie’s Bargain Outlet stock opened at $111.51 on Friday. The stock has a market cap of $6.83 billion, a price-to-earnings ratio of 33.29, a P/E/G ratio of 2.78 and a beta of 0.82. Ollie’s Bargain Outlet Holdings, Inc. has a twelve month low of $68.05 and a twelve month high of $120.03. The company’s fifty day moving average is $108.40 and its 200 day moving average is $99.54.

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

Insider Activity at Ollie’s Bargain Outlet

In related news, SVP James J. Comitale sold 5,325 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $113.95, for a total transaction of $606,783.75. Following the transaction, the senior vice president now owns 3,140 shares in the company, valued at $357,803. The trade was a 62.91 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO John W. Swygert sold 4,032 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $102.51, for a total transaction of $413,320.32. Following the completion of the sale, the chief executive officer now owns 48,200 shares of the company’s stock, valued at $4,940,982. The trade was a 7.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 87,771 shares of company stock worth $9,650,832 in the last 90 days. Corporate insiders own 0.87% of the company’s stock.

About Ollie’s Bargain Outlet

Ollie's Bargain Outlet Holdings, Inc operates as a retailer of brand name merchandise in the United States. The company offers housewares, bed and bath, food, floor coverings, health and beauty aids, books and stationery, toys, and electronics; and other products, including hardware, candy, clothing, sporting goods, pet and lawn, and garden products.