Xponance Inc. Purchases 517 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Xponance Inc. raised its position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 7.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,129 shares of the company’s stock after purchasing an additional 517 shares during the period. Xponance Inc.’s holdings in Ollie’s Bargain Outlet were worth $782,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in OLLI. Natixis Advisors LLC lifted its stake in Ollie’s Bargain Outlet by 16.1% in the third quarter. Natixis Advisors LLC now owns 28,432 shares of the company’s stock worth $2,764,000 after acquiring an additional 3,946 shares during the period. Quest Partners LLC purchased a new stake in shares of Ollie’s Bargain Outlet in the 3rd quarter worth approximately $196,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Ollie’s Bargain Outlet by 0.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 753,658 shares of the company’s stock valued at $73,256,000 after purchasing an additional 5,438 shares in the last quarter. Great Valley Advisor Group Inc. bought a new position in shares of Ollie’s Bargain Outlet during the third quarter valued at approximately $222,000. Finally, Loomis Sayles & Co. L P bought a new position in Ollie’s Bargain Outlet in the third quarter worth approximately $16,590,000.

Analysts Set New Price Targets

Several analysts have issued reports on OLLI shares. StockNews.com cut Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research report on Tuesday, February 4th. Bank of America lifted their target price on Ollie’s Bargain Outlet from $115.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Loop Capital increased their price target on shares of Ollie’s Bargain Outlet from $120.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. Citigroup raised shares of Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and lifted their price objective for the stock from $64.00 to $133.00 in a research report on Wednesday, December 18th. Finally, Craig Hallum increased their target price 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. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, Ollie’s Bargain Outlet has an average rating of “Moderate Buy” and an average price target of $123.08.

Ollie’s Bargain Outlet Stock Up 1.3 %

Shares of NASDAQ:OLLI opened at $108.22 on Tuesday. Ollie’s Bargain Outlet Holdings, Inc. has a 52-week low of $68.05 and a 52-week high of $120.03. The stock has a market cap of $6.63 billion, a price-to-earnings ratio of 32.30, a PEG ratio of 2.21 and a beta of 0.83. The business has a 50-day moving average price of $105.30 and a 200-day moving average price of $101.85.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings results on Wednesday, March 19th. The company reported $1.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.01). The business had revenue of $667.10 million for 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 business’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.23 earnings per share. As a group, equities analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

Ollie’s Bargain Outlet Company 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.