Stephens Investment Management Group LLC Acquires New Shares in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Stephens Investment Management Group LLC bought a new position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 714,078 shares of the company’s stock, valued at approximately $78,356,000. Ollie’s Bargain Outlet accounts for approximately 1.1% of Stephens Investment Management Group LLC’s holdings, making the stock its 27th largest position. Stephens Investment Management Group LLC owned 1.17% of Ollie’s Bargain Outlet as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. State Street Corp lifted its position in Ollie’s Bargain Outlet by 2.1% in the 3rd quarter. State Street Corp now owns 1,871,047 shares of the company’s stock valued at $181,866,000 after purchasing an additional 38,203 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Ollie’s Bargain Outlet by 0.9% during the third quarter. Geode Capital Management LLC now owns 1,078,544 shares of the company’s stock valued at $104,860,000 after buying an additional 9,492 shares during the last quarter. Geneva Capital Management LLC boosted its position in shares of Ollie’s Bargain Outlet by 1.3% during the third quarter. Geneva Capital Management LLC now owns 1,050,469 shares of the company’s stock worth $102,106,000 after buying an additional 13,369 shares during the period. Fred Alger Management LLC grew its holdings in Ollie’s Bargain Outlet by 12.1% in the 3rd quarter. Fred Alger Management LLC now owns 772,145 shares of the company’s stock worth $75,052,000 after buying an additional 83,063 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Ollie’s Bargain Outlet by 0.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 753,658 shares of the company’s stock valued at $73,256,000 after acquiring an additional 5,438 shares during the period.

Ollie’s Bargain Outlet Stock Down 3.0 %

NASDAQ:OLLI opened at $104.71 on Friday. The stock has a fifty day simple moving average of $109.01 and a 200 day simple moving average of $99.73. The firm has a market capitalization of $6.42 billion, a price-to-earnings ratio of 31.26, a price-to-earnings-growth ratio of 2.33 and a beta of 0.81. 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 released its earnings results on Tuesday, December 10th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.01. Ollie’s Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The company had revenue of $517.43 million for the quarter, compared to analysts’ expectations of $518.83 million. During the same quarter in the previous year, the business posted $0.51 EPS. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. Equities analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

Insider Activity

In other Ollie’s Bargain Outlet news, SVP Larry Kraus sold 10,646 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $115.58, for a total value of $1,230,464.68. Following the sale, the senior vice president now directly owns 1,905 shares in the company, valued at $220,179.90. This trade represents a 84.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO John W. Swygert sold 4,800 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $102.60, for a total transaction of $492,480.00. Following the transaction, the chief executive officer now directly owns 48,200 shares of the company’s stock, valued at $4,945,320. This represents a 9.06 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 87,771 shares of company stock valued at $9,650,832. Insiders own 0.87% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. JPMorgan Chase & Co. increased their price target on Ollie’s Bargain Outlet from $105.00 to $135.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Truist Financial increased their target price 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 boosted their price target 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. StockNews.com cut shares of Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a report on Tuesday, February 4th. Finally, Wells Fargo & Company upped their target price on Ollie’s Bargain Outlet from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 11th. One 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $118.07.

Ollie’s Bargain Outlet Company Profile

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.