Teza Capital Management LLC Makes New Investment in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Teza Capital Management LLC acquired a new stake in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 6,700 shares of the company's stock, valued at approximately $735,000.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in Ollie's Bargain Outlet by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 5,821,957 shares of the company's stock valued at $638,843,000 after buying an additional 70,496 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of Ollie's Bargain Outlet by 173.8% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,644,774 shares of the company's stock worth $509,671,000 after acquiring an additional 2,948,393 shares during the period. Congress Asset Management Co. grew its position in shares of Ollie's Bargain Outlet by 181.6% in the fourth quarter. Congress Asset Management Co. now owns 1,916,584 shares of the company's stock valued at $210,307,000 after purchasing an additional 1,235,994 shares during the last quarter. Invesco Ltd. increased its stake in shares of Ollie's Bargain Outlet by 1.1% during the fourth quarter. Invesco Ltd. now owns 1,645,472 shares of the company's stock worth $180,558,000 after purchasing an additional 17,302 shares during the period. Finally, Alliancebernstein L.P. lifted its holdings in Ollie's Bargain Outlet by 12.9% during the 4th quarter. Alliancebernstein L.P. now owns 1,629,572 shares of the company's stock worth $178,813,000 after purchasing an additional 186,313 shares during the last quarter.

Ollie's Bargain Outlet Stock Performance

Shares of OLLI stock opened at $120.75 on Tuesday. Ollie's Bargain Outlet Holdings, Inc. has a fifty-two week low of $72.22 and a fifty-two week high of $123.95. The stock's fifty day moving average price is $109.98 and its two-hundred day moving average price is $106.47. The company has a market cap of $7.41 billion, a PE ratio of 36.04, 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 data on Wednesday, March 19th. The company reported $1.19 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $667.10 million during the quarter, compared to analyst estimates of $674.61 million. During the same period last year, the business earned $1.23 earnings per share. The business's quarterly revenue was up 2.8% compared to the same quarter last year. On average, equities analysts predict that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on OLLI shares. JPMorgan Chase & Co. upped their price objective on Ollie's Bargain Outlet from $135.00 to $137.00 and gave the company an "overweight" rating in a report on Monday. Piper Sandler reduced their target price on shares of Ollie's Bargain Outlet from $126.00 to $124.00 and set an "overweight" rating for the company in a research report on Thursday, March 20th. StockNews.com raised shares of Ollie's Bargain Outlet from a "sell" rating to a "hold" rating in a research report on Tuesday, May 13th. Morgan Stanley lifted their price objective 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. Finally, Jefferies Financial Group lowered shares of Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and decreased their target price for the stock from $125.00 to $111.00 in a research report on Tuesday, February 4th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $123.23.

Insider Activity

In related 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 transaction of $703,959.62. Following the completion of the transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert Fisch sold 6,250 shares of the company's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $108.08, for a total value of $675,500.00. Following the completion of the sale, the director now owns 22,159 shares in the company, valued at $2,394,944.72. This trade represents a 22.00% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 37,897 shares of company stock worth $4,227,970. Corporate insiders own 0.75% of the company's stock.

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.

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