Portside Wealth Group LLC Purchases 3,663 Shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Portside Wealth Group LLC grew its holdings in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 29.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,264 shares of the company's stock after purchasing an additional 3,663 shares during the period. Portside Wealth Group LLC's holdings in Ollie's Bargain Outlet were worth $1,785,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Ollie's Bargain Outlet by 489.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 230 shares of the company's stock valued at $25,000 after acquiring an additional 191 shares during the period. Wilmington Savings Fund Society FSB boosted its stake in Ollie's Bargain Outlet by 337.0% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 236 shares of the company's stock valued at $26,000 after purchasing an additional 182 shares in the last quarter. Bogart Wealth LLC acquired a new position in shares of Ollie's Bargain Outlet during the 4th quarter valued at $26,000. Blue Trust Inc. raised its stake in shares of Ollie's Bargain Outlet by 55.2% in the 4th quarter. Blue Trust Inc. now owns 284 shares of the company's stock worth $31,000 after buying an additional 101 shares in the last quarter. Finally, Brown Brothers Harriman & Co. bought a new stake in shares of Ollie's Bargain Outlet in the 4th quarter worth $33,000.

Insider Transactions at Ollie's Bargain Outlet

In other Ollie's Bargain Outlet news, Chairman John W. Swygert sold 6,526 shares of the firm's stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $107.87, for a total value of $703,959.62. Following the completion of the sale, the chairman now directly owns 53,432 shares of the company's stock, valued at $5,763,709.84. This trade represents a 10.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, 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 owns 3,273 shares in the company, valued at approximately $350,767.41. The trade was a 8.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 37,897 shares of company stock valued at $4,227,970 over the last ninety days. 0.75% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

OLLI has been the topic of a number of research analyst reports. Truist Financial lifted their target price on Ollie's Bargain Outlet from $126.00 to $128.00 and gave the stock a "buy" rating in a report on Wednesday. JPMorgan Chase & Co. lifted their price objective on shares of Ollie's Bargain Outlet from $135.00 to $137.00 and gave the stock an "overweight" rating in a research note on Monday, May 19th. Wall Street Zen raised shares of Ollie's Bargain Outlet from a "sell" rating to a "hold" rating in a research note on Tuesday, May 13th. UBS Group lifted their price target on shares of Ollie's Bargain Outlet from $117.00 to $123.00 and gave the stock a "neutral" rating in a research report on Thursday, March 20th. Finally, Morgan Stanley increased 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. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $124.50.

Ollie's Bargain Outlet Stock Up 0.5%

Shares of NASDAQ OLLI traded up $0.60 during trading on Thursday, reaching $115.01. The company had a trading volume of 1,138,716 shares, compared to its average volume of 1,187,482. 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 $7.06 billion, a P/E ratio of 34.33, a PEG ratio of 2.21 and a beta of 0.45. The company's fifty day moving average price is $111.59 and its 200-day moving average price is $107.79.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last announced its quarterly earnings data on Tuesday, June 3rd. The company reported $0.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.70 by $0.05. The company had revenue of $576.77 million for the quarter, compared to the consensus estimate of $565.04 million. Ollie's Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The firm's revenue was up 13.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.73 EPS. As a group, equities analysts predict that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

About Ollie's Bargain Outlet

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.