Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Shares Sold by Greenwood Capital Associates LLC

Greenwood Capital Associates LLC trimmed its stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 53.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,474 shares of the company’s stock after selling 4,018 shares during the quarter. Greenwood Capital Associates LLC’s holdings in Ollie’s Bargain Outlet were worth $381,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of OLLI. Royce & Associates LP lifted its position in shares of Ollie’s Bargain Outlet by 161.6% in the 3rd quarter. Royce & Associates LP now owns 75,605 shares of the company’s stock valued at $7,349,000 after acquiring an additional 46,706 shares in the last quarter. Oak Thistle LLC acquired a new stake in shares of Ollie’s Bargain Outlet in the 4th quarter valued at $1,345,000. JPMorgan Chase & Co. boosted its stake in shares of Ollie’s Bargain Outlet by 79.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 189,301 shares of the company’s stock worth $18,400,000 after acquiring an additional 83,882 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in 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 worth $73,256,000 after purchasing an additional 5,438 shares during the period. Finally, Fred Alger Management LLC grew its stake 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 valued at $75,052,000 after buying an additional 83,063 shares during the last quarter.

Wall Street Analysts Forecast Growth

OLLI has been the topic of a number of research analyst reports. Bank of America raised their target price on Ollie’s Bargain Outlet from $115.00 to $130.00 and gave the company a “buy” rating in a report 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 stock a “buy” rating in a research report on Monday, December 23rd. Craig Hallum boosted 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 note on Wednesday, December 11th. Jefferies Financial Group lowered Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and decreased their price target for the stock from $125.00 to $111.00 in a research report on Tuesday. Finally, StockNews.com cut shares of Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $118.07.

Ollie’s Bargain Outlet Stock Performance

OLLI opened at $105.47 on Wednesday. Ollie’s Bargain Outlet Holdings, Inc. has a twelve month low of $68.05 and a twelve month high of $120.03. The firm’s fifty day moving average is $108.63 and its two-hundred day moving average is $99.58. The firm has a market cap of $6.46 billion, a PE ratio of 31.48, a price-to-earnings-growth ratio of 2.76 and a beta of 0.81.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its 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 business had revenue of $517.43 million during the quarter, compared to analysts’ expectations of $518.83 million. Ollie’s Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. Ollie’s Bargain Outlet’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.51 EPS. Equities analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

Insider Transactions at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, CEO John W. Swygert sold 2,400 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $102.54, for a total transaction of $246,096.00. Following the transaction, the chief executive officer now owns 48,200 shares of the company’s stock, valued at $4,942,428. The trade was a 4.74 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP James J. Comitale sold 5,325 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $113.95, for a total value of $606,783.75. Following the completion of the sale, the senior vice president now directly owns 3,140 shares of the company’s stock, valued at approximately $357,803. The trade was a 62.91 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 87,771 shares of company stock valued at $9,650,832 over the last three months. Company 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.