Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Stock Holdings Lifted by LRI Investments LLC

LRI Investments LLC lifted its stake in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 2,356.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,400 shares of the company’s stock after acquiring an additional 1,343 shares during the quarter. LRI Investments LLC’s holdings in Ollie’s Bargain Outlet were worth $130,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Pier Capital LLC increased its stake in Ollie’s Bargain Outlet by 0.4% in the 3rd quarter. Pier Capital LLC now owns 90,630 shares of the company’s stock worth $8,809,000 after purchasing an additional 367 shares in the last quarter. XTX Topco Ltd increased its position in shares of Ollie’s Bargain Outlet by 123.1% in the third quarter. XTX Topco Ltd now owns 14,368 shares of the company’s stock worth $1,397,000 after acquiring an additional 7,928 shares in the last quarter. Castleark Management LLC raised its holdings in shares of Ollie’s Bargain Outlet by 36.5% during the third quarter. Castleark Management LLC now owns 65,070 shares of the company’s stock valued at $6,325,000 after acquiring an additional 17,400 shares during the period. Wellington Management Group LLP lifted its position in shares of Ollie’s Bargain Outlet by 155.8% in the 3rd quarter. Wellington Management Group LLP now owns 483,044 shares of the company’s stock valued at $46,952,000 after acquiring an additional 294,217 shares in the last quarter. Finally, Weiss Asset Management LP acquired a new position in Ollie’s Bargain Outlet in the 3rd quarter worth approximately $739,000.

Ollie’s Bargain Outlet Trading Up 13.2 %

Shares of NASDAQ:OLLI opened at $111.02 on Wednesday. The stock has a market capitalization of $6.81 billion, a PE ratio of 33.85, a P/E/G ratio of 2.53 and a beta of 0.85. Ollie’s Bargain Outlet Holdings, Inc. has a 1 year low of $68.05 and a 1 year high of $113.76. The firm has a fifty day moving average price of $95.30 and a 200 day moving average price of $94.70.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings results on Tuesday, December 10th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.01. Ollie’s Bargain Outlet had a return on equity of 13.27% and a net margin of 9.19%. The company had revenue of $517.43 million during the quarter, compared to the consensus estimate of $518.83 million. During the same quarter in the prior year, the company posted $0.51 EPS. The firm’s revenue was up 7.8% on a year-over-year basis. On average, sell-side analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.27 earnings per share for the current fiscal year.

Insider Activity

In other Ollie’s Bargain Outlet news, CFO Robert F. Helm sold 2,401 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $94.68, for a total value of $227,326.68. Following the transaction, the chief financial officer now directly owns 2,021 shares of the company’s stock, valued at $191,348.28. The trade was a 54.30 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO John W. Swygert sold 2,400 shares of the stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $102.54, for a total value of $246,096.00. Following the completion of the sale, the chief executive officer now directly owns 48,200 shares of the company’s stock, valued at $4,942,428. This represents a 4.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 36,112 shares of company stock valued at $3,614,366 over the last 90 days. 0.87% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

OLLI has been the subject of a number of research analyst reports. StockNews.com lowered Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a report on Tuesday, October 22nd. Loop Capital restated a “buy” rating and set a $110.00 price objective on shares of Ollie’s Bargain Outlet in a research report on Friday, September 20th. Piper Sandler reiterated an “overweight” rating and issued a $107.00 target price on shares of Ollie’s Bargain Outlet in a report on Friday, October 4th. Royal Bank of Canada raised their price target on shares of Ollie’s Bargain Outlet from $100.00 to $106.00 and gave the stock an “outperform” rating in a report on Wednesday, October 2nd. Finally, Bank of America upped their price objective on shares of Ollie’s Bargain Outlet from $102.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, September 30th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, Ollie’s Bargain Outlet presently has an average rating of “Moderate Buy” and a consensus price target of $104.50.

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.