Scholtz & Company LLC Purchases 1,888 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Scholtz & Company LLC boosted its position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 9.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,609 shares of the company’s stock after purchasing an additional 1,888 shares during the quarter. Ollie’s Bargain Outlet makes up 1.2% of Scholtz & Company LLC’s portfolio, making the stock its 26th biggest position. Scholtz & Company LLC’s holdings in Ollie’s Bargain Outlet were worth $2,481,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Legacy Capital Wealth Partners LLC boosted its position in shares of Ollie’s Bargain Outlet by 3.4% in the 4th quarter. Legacy Capital Wealth Partners LLC now owns 2,834 shares of the company’s stock worth $311,000 after purchasing an additional 94 shares in the last quarter. Blue Trust Inc. boosted its holdings in Ollie’s Bargain Outlet by 55.2% in the fourth quarter. Blue Trust Inc. now owns 284 shares of the company’s stock worth $31,000 after acquiring an additional 101 shares in the last quarter. UMB Bank n.a. grew its stake in shares of Ollie’s Bargain Outlet by 25.3% in the fourth quarter. UMB Bank n.a. now owns 545 shares of the company’s stock worth $60,000 after acquiring an additional 110 shares during the last quarter. Precision Wealth Strategies LLC increased its holdings in shares of Ollie’s Bargain Outlet by 3.2% during the fourth quarter. Precision Wealth Strategies LLC now owns 3,889 shares of the company’s stock valued at $427,000 after acquiring an additional 119 shares in the last quarter. Finally, SRS Capital Advisors Inc. raised its position in shares of Ollie’s Bargain Outlet by 14.4% in the 4th 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.

Analyst Ratings Changes

Several brokerages recently commented on OLLI. Craig Hallum increased their price objective on shares of Ollie’s Bargain Outlet from $107.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Truist Financial raised their price target on shares of Ollie’s Bargain Outlet from $109.00 to $121.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Bank of America upped their price objective on Ollie’s Bargain Outlet from $115.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Morgan Stanley lifted their target price on Ollie’s Bargain Outlet from $108.00 to $118.00 and gave the stock an “equal weight” rating in a report on Thursday, March 20th. Finally, Citigroup raised Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and upped their price target for the company from $64.00 to $133.00 in a report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $123.08.

Ollie’s Bargain Outlet Trading Down 1.6 %

Shares of NASDAQ OLLI opened at $114.55 on Wednesday. Ollie’s Bargain Outlet Holdings, Inc. has a 12-month low of $68.05 and a 12-month high of $120.03. The firm has a market capitalization of $7.02 billion, a price-to-earnings ratio of 34.19, a price-to-earnings-growth ratio of 2.21 and a beta of 0.83. The firm has a 50 day moving average of $106.16 and a 200 day moving average of $102.59.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings data on Wednesday, March 19th. The company reported $1.19 EPS for the quarter, missing the consensus estimate of $1.20 by ($0.01). The company 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 for the quarter was up 2.8% on a year-over-year basis. During the same quarter last year, the company earned $1.23 earnings per share. Sell-side analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

Insider Activity at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, CFO Robert F. Helm sold 2,145 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $108.50, for a total transaction of $232,732.50. Following the transaction, the chief financial officer now owns 3,888 shares of the company’s stock, valued at $421,848. The trade was a 35.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert Fisch sold 6,250 shares of the firm’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $108.08, for a total transaction of $675,500.00. Following the sale, the director now owns 22,159 shares in the company, valued at $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. In the last ninety days, insiders sold 20,153 shares of company stock worth $2,200,844. 0.87% of the stock is owned by company insiders.

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.