Fieldview Capital Management LLC Grows Holdings in Ollie's Bargain Outlet Holdings, Inc. $OLLI

Key Points

• Fieldview Capital raised its stake in Ollie's by 213.7% in Q3, buying an additional 9,640 shares to hold 14,152 shares worth about $1.82 million.
• Chairman John W. Swygert sold 1,126 shares at an average price of $112.06 on Feb. 9, reducing his position by 2.28%; company insiders collectively own 0.87% of the stock.
• Analysts rate OLLI a “Moderate Buy” (12 Buys, 4 Holds) with a consensus target of $142.14; the stock trades around $106.28 with a $6.52B market cap, a PE of 29.36, and recent quarterly EPS of $0.75 beating estimates while revenue rose 18.6% year‑over‑year.

Fieldview Capital Management LLC raised its position in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 213.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,152 shares of the company's stock after purchasing an additional 9,640 shares during the quarter. Fieldview Capital Management LLC's holdings in Ollie's Bargain Outlet were worth $1,817,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of OLLI. Private Trust Co. NA raised its position in shares of Ollie's Bargain Outlet by 71.3% during the 3rd quarter. Private Trust Co. NA now owns 245 shares of the company's stock valued at $31,000 after purchasing an additional 102 shares during the period. Assetmark Inc. lifted its stake in shares of Ollie's Bargain Outlet by 44.8% during the 2nd quarter. Assetmark Inc. now owns 265 shares of the company's stock valued at $35,000 after buying an additional 82 shares in the last quarter. Shell Asset Management Co. bought a new position in Ollie's Bargain Outlet in the 3rd quarter worth $37,000. Smartleaf Asset Management LLC increased its stake in Ollie's Bargain Outlet by 125.0% in the 3rd quarter. Smartleaf Asset Management LLC now owns 342 shares of the company's stock worth $45,000 after buying an additional 190 shares in the last quarter. Finally, MAI Capital Management increased its stake in Ollie's Bargain Outlet by 28.5% in the 2nd quarter. MAI Capital Management now owns 397 shares of the company's stock worth $52,000 after buying an additional 88 shares in the last quarter.

Insider Activity

In other news, Chairman John W. Swygert sold 1,126 shares of the firm's stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $112.06, for a total value of $126,179.56. Following the completion of the sale, the chairman owned 48,200 shares in the company, valued at approximately $5,401,292. This trade represents a 2.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.87% of the company's stock.

Analyst Upgrades and Downgrades

OLLI has been the topic of several research analyst reports. Sanford C. Bernstein restated an "outperform" rating on shares of Ollie's Bargain Outlet in a research report on Wednesday, December 10th. Citigroup cut their target price on Ollie's Bargain Outlet from $150.00 to $141.00 and set a "buy" rating for the company in a research report on Thursday, December 11th. Craig Hallum reissued a "buy" rating and set a $157.00 target price on shares of Ollie's Bargain Outlet in a research note on Wednesday, December 10th. Truist Financial set a $142.00 price target on Ollie's Bargain Outlet in a report on Friday, January 16th. Finally, The Goldman Sachs Group restated a "buy" rating and issued a $162.00 price target on shares of Ollie's Bargain Outlet in a research note on Wednesday, December 10th. Twelve investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $142.14.

Ollie's Bargain Outlet Stock Performance

NASDAQ:OLLI opened at $106.28 on Tuesday. The firm has a market capitalization of $6.52 billion, a PE ratio of 29.36, a PEG ratio of 1.67 and a beta of 0.53. The stock's fifty day moving average is $111.38 and its 200 day moving average is $119.69. Ollie's Bargain Outlet Holdings, Inc. has a fifty-two week low of $97.04 and a fifty-two week high of $141.74.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last posted its quarterly earnings data on Tuesday, December 9th. The company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.71 by $0.04. Ollie's Bargain Outlet had a net margin of 8.81% and a return on equity of 12.86%. The company had revenue of $613.62 million during the quarter, compared to analyst estimates of $613.63 million. During the same period in the previous year, the firm earned $0.58 earnings per share. Ollie's Bargain Outlet's quarterly revenue was up 18.6% compared to the same quarter last year. Equities analysts forecast that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

About Ollie's Bargain Outlet

Ollie's Bargain Outlet is an American discount retailer specializing in closeout merchandise and surplus inventory across a broad range of categories. The company operates a no-frills retail format that offers branded and private-label products at significant markdowns. Its merchandise mix typically includes housewares, electronics, health and beauty items, food products, beauty supplies, books, toys, and seasonal goods.

Founded in 1982 by Oliver E. “Ollie” Rosenberg, the company is headquartered in Harrisburg, Pennsylvania.

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