Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Shares Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lifted its stake in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 65.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,574 shares of the company's stock after buying an additional 2,608 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Ollie's Bargain Outlet were worth $721,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. boosted its holdings in Ollie's Bargain Outlet by 55.2% in the fourth quarter. Blue Trust Inc. now owns 284 shares of the company's stock valued at $31,000 after purchasing an additional 101 shares during the last quarter. Bleakley Financial Group LLC purchased a new position in shares of Ollie's Bargain Outlet during the 4th quarter valued at approximately $228,000. Wilmington Savings Fund Society FSB grew its position in shares of Ollie's Bargain Outlet by 337.0% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 236 shares of the company's stock worth $26,000 after buying an additional 182 shares in the last quarter. Entropy Technologies LP acquired a new stake in shares of Ollie's Bargain Outlet during the fourth quarter worth approximately $582,000. Finally, Stephens Inc. AR acquired a new stake in Ollie's Bargain Outlet in the fourth quarter valued at $439,000.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Piper Sandler reissued an "overweight" rating and set a $123.00 price objective (down from $124.00) on shares of Ollie's Bargain Outlet in a report on Wednesday, June 4th. JPMorgan Chase & Co. lifted their price target on 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. KeyCorp reissued an "overweight" rating and issued a $135.00 price objective on shares of Ollie's Bargain Outlet in a report on Wednesday, June 4th. Truist Financial increased 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, June 4th. Finally, UBS Group lifted their target price on 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. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, Ollie's Bargain Outlet presently has an average rating of "Moderate Buy" and an average price target of $124.50.

Insider Activity

In other Ollie's Bargain Outlet news, Chairman John W. Swygert sold 3,331 shares of the 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 completion of the transaction, the chairman now directly owns 48,200 shares of the company's stock, valued at approximately $5,523,720. This trade represents a 6.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Robert F. Helm sold 2,145 shares of the business's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $108.50, for a total value of $232,732.50. Following the completion of the sale, the chief financial officer now directly owns 3,888 shares in the company, valued at $421,848. This represents a 35.55% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 37,897 shares of company stock valued at $4,227,970. Company insiders own 0.75% of the company's stock.

Ollie's Bargain Outlet Stock Performance

Shares of Ollie's Bargain Outlet stock traded up $1.49 during trading on Thursday, hitting $113.60. 460,289 shares of the stock were exchanged, compared to its average volume of 1,175,054. Ollie's Bargain Outlet Holdings, Inc. has a 12 month low of $84.48 and a 12 month high of $122.15. The stock's fifty day moving average is $111.50 and its 200 day moving average is $108.64. The stock has a market cap of $6.97 billion, a PE ratio of 33.91, a P/E/G ratio of 2.21 and a beta of 0.37.

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

Ollie's Bargain Outlet 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.