JT Stratford LLC Invests $261,000 in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

JT Stratford LLC acquired a new stake in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 2,380 shares of the company's stock, valued at approximately $261,000.

Several other institutional investors have also added to or reduced their stakes in OLLI. Barclays PLC raised its position in shares of Ollie's Bargain Outlet by 59.2% in the third quarter. Barclays PLC now owns 41,307 shares of the company's stock valued at $4,014,000 after purchasing an additional 15,357 shares during the period. Park Avenue Securities LLC bought a new stake in Ollie's Bargain Outlet during the 4th quarter valued at $504,000. UMB Bank n.a. lifted its position in shares of Ollie's Bargain Outlet by 25.3% during the fourth quarter. UMB Bank n.a. now owns 545 shares of the company's stock worth $60,000 after acquiring an additional 110 shares in the last quarter. Park Place Capital Corp purchased a new stake in shares of Ollie's Bargain Outlet during the fourth quarter worth $77,000. Finally, Janney Montgomery Scott LLC boosted its stake in Ollie's Bargain Outlet by 671.7% in the 4th quarter. Janney Montgomery Scott LLC now owns 62,679 shares of the company's stock worth $6,878,000 after purchasing an additional 54,557 shares during the period.

Ollie's Bargain Outlet Stock Performance

NASDAQ OLLI opened at $114.30 on Friday. Ollie's Bargain Outlet Holdings, Inc. has a 52-week low of $73.36 and a 52-week high of $122.15. The company has a fifty day moving average of $110.79 and a 200-day moving average of $106.74. The company has a market capitalization of $7.02 billion, a P/E ratio of 34.12, a P/E/G ratio of 2.21 and a beta of 0.45.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last released its quarterly earnings results on Wednesday, March 19th. The company reported $1.19 earnings per share for the quarter, missing analysts' consensus estimates of $1.20 by ($0.01). Ollie's Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. The firm had revenue of $667.10 million for the quarter, compared to analysts' expectations of $674.61 million. During the same quarter in the previous year, the business earned $1.23 EPS. The company's revenue for the quarter was up 2.8% on a year-over-year basis. As a group, analysts forecast that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on OLLI. Wall Street Zen upgraded Ollie's Bargain Outlet from a "sell" rating to a "hold" rating in a research report on Tuesday, May 13th. Piper Sandler decreased their target price on shares of Ollie's Bargain Outlet from $126.00 to $124.00 and set an "overweight" rating on the stock in a report on Thursday, March 20th. Morgan Stanley increased their target price on shares of Ollie's Bargain Outlet from $108.00 to $118.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 20th. KeyCorp boosted their price target on shares of Ollie's Bargain Outlet from $125.00 to $135.00 and gave the company an "overweight" rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. upped their price target on shares of Ollie's Bargain Outlet from $135.00 to $137.00 and gave the stock an "overweight" rating in a report on Monday. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $124.07.

Insider Transactions at Ollie's Bargain Outlet

In other Ollie's Bargain Outlet news, CFO Robert F. Helm sold 312 shares of the business's stock in a transaction on 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 sale, the chief financial officer now directly owns 3,273 shares of the company's stock, valued at $350,767.41. The trade was a 8.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman John W. Swygert sold 6,526 shares of the company's stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $107.87, for a total transaction of $703,959.62. Following the sale, the chairman now owns 53,432 shares of the company's stock, valued at approximately $5,763,709.84. The trade was a 10.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 37,897 shares of company stock worth $4,227,970. 0.75% of the stock is currently owned by insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.