111 Capital Buys Shares of 2,555 Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

111 Capital bought a new position in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 2,555 shares of the company's stock, valued at approximately $280,000.

A number of other hedge funds also recently bought and sold shares of the company. Corient Private Wealth LLC lifted its position in Ollie's Bargain Outlet by 86.2% in the fourth quarter. Corient Private Wealth LLC now owns 8,438 shares of the company's stock valued at $926,000 after purchasing an additional 3,906 shares during the last quarter. Next Century Growth Investors LLC lifted its position in Ollie's Bargain Outlet by 27.6% in the fourth quarter. Next Century Growth Investors LLC now owns 162,136 shares of the company's stock valued at $17,791,000 after purchasing an additional 35,075 shares during the last quarter. Caxton Associates LP bought a new stake in Ollie's Bargain Outlet in the fourth quarter valued at approximately $438,000. Schonfeld Strategic Advisors LLC lifted its position in Ollie's Bargain Outlet by 85.2% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 5,800 shares of the company's stock valued at $636,000 after purchasing an additional 2,668 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Ollie's Bargain Outlet by 130.5% in the fourth quarter. JPMorgan Chase & Co. now owns 436,366 shares of the company's stock valued at $47,882,000 after purchasing an additional 247,065 shares during the last quarter.

Insider Transactions at Ollie's Bargain Outlet

In other news, Chairman John W. Swygert sold 3,331 shares of the company's stock in a transaction on Friday, April 4th. The stock was sold at an average price of $114.60, for a total transaction of $381,732.60. Following the transaction, the chairman now directly owns 48,200 shares of the company's stock, valued at $5,523,720. This represents a 6.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Robert F. Helm sold 312 shares of the stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $107.17, for a total value of $33,437.04. Following the completion of the transaction, the chief financial officer now directly owns 3,273 shares in the company, valued at approximately $350,767.41. This represents a 8.70% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 37,897 shares of company stock valued at $4,227,970. Insiders own 0.75% of the company's stock.

Ollie's Bargain Outlet Stock Up 4.1%

Shares of NASDAQ OLLI traded up $4.50 during trading on Wednesday, reaching $114.41. The company had a trading volume of 2,522,567 shares, compared to its average volume of 1,187,678. Ollie's Bargain Outlet Holdings, Inc. has a 12-month low of $82.84 and a 12-month high of $122.15. The stock has a market cap of $7.03 billion, a PE ratio of 34.15, a P/E/G ratio of 2.21 and a beta of 0.45. The business's 50-day moving average is $111.59 and its 200 day moving average is $107.79.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last released its earnings results on Tuesday, June 3rd. The company reported $0.75 EPS for the quarter, topping analysts' consensus estimates of $0.70 by $0.05. Ollie's Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The firm had revenue of $576.77 million for the quarter, compared to analysts' expectations of $565.04 million. During the same period in the prior year, the firm posted $0.73 earnings per share. The company's quarterly revenue was up 13.4% on a year-over-year basis. On average, analysts anticipate that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Morgan Stanley boosted their price objective on Ollie's Bargain Outlet from $108.00 to $118.00 and gave the company an "equal weight" rating in a research report on Thursday, March 20th. Piper Sandler restated an "overweight" rating and set a $123.00 target price (down previously from $124.00) on shares of Ollie's Bargain Outlet in a report on Wednesday. KeyCorp restated an "overweight" rating and set a $135.00 target price on shares of Ollie's Bargain Outlet in a report on Wednesday. UBS Group upped their target price on Ollie's Bargain Outlet from $117.00 to $123.00 and gave the company a "neutral" rating in a report on Thursday, March 20th. Finally, Truist Financial upped their target price on Ollie's Bargain Outlet from $126.00 to $128.00 and gave the company a "buy" rating in a report on Wednesday. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $124.50.

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.