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

Wealth Enhancement Advisory Services LLC boosted its holdings in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 65.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,574 shares of the company's stock after acquiring an additional 2,608 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Ollie's Bargain Outlet were worth $721,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Jefferies Financial Group Inc. increased its stake in shares of Ollie's Bargain Outlet by 20.3% during the fourth quarter. Jefferies Financial Group Inc. now owns 3,628 shares of the company's stock valued at $398,000 after acquiring an additional 611 shares during the period. ABLE Financial Group LLC increased its stake in shares of Ollie's Bargain Outlet by 34.3% during the fourth quarter. ABLE Financial Group LLC now owns 8,705 shares of the company's stock valued at $955,000 after acquiring an additional 2,224 shares during the period. Pullen Investment Management LLC increased its stake in shares of Ollie's Bargain Outlet by 46.0% during the fourth quarter. Pullen Investment Management LLC now owns 6,217 shares of the company's stock valued at $682,000 after acquiring an additional 1,960 shares during the period. Putney Financial Group LLC acquired a new position in shares of Ollie's Bargain Outlet during the fourth quarter valued at approximately $33,000. Finally, Castlekeep Investment Advisors LLC acquired a new position in shares of Ollie's Bargain Outlet during the fourth quarter valued at approximately $638,000.

Analyst Ratings Changes

A number of brokerages recently weighed in on OLLI. KeyCorp restated an "overweight" rating and set a $135.00 target price on shares of Ollie's Bargain Outlet in a report on Wednesday, June 4th. Truist Financial raised their target price on shares of Ollie's Bargain Outlet from $126.00 to $128.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Morgan Stanley raised 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 report on Thursday, March 20th. JPMorgan Chase & Co. raised their target price 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, May 19th. Finally, Piper Sandler reaffirmed an "overweight" rating and issued a $123.00 price objective (down previously from $124.00) on shares of Ollie's Bargain Outlet in a research note on Wednesday, June 4th. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, Ollie's Bargain Outlet has an average rating of "Moderate Buy" and an average target price of $124.50.

Insider Buying and Selling

In other Ollie's Bargain Outlet news, SVP Kevin Mclain sold 4,799 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $115.56, for a total transaction of $554,572.44. Following the completion of the sale, the senior vice president now directly owns 12,336 shares of the company's stock, valued at approximately $1,425,548.16. This represents a 28.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Robert F. Helm sold 312 shares of the company's stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $107.17, for a total transaction of $33,437.04. Following the completion of the transaction, the chief financial officer now owns 3,273 shares of the company's stock, 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 a total of 37,897 shares of company stock worth $4,227,970 in the last 90 days. 0.75% of the stock is owned by company insiders.

Ollie's Bargain Outlet Stock Performance

Shares of NASDAQ OLLI traded up $0.27 during trading on Friday, hitting $114.48. 932,167 shares of the company traded hands, compared to its average volume of 1,170,672. The business's fifty day moving average is $111.84 and its 200 day moving average is $108.88. Ollie's Bargain Outlet Holdings, Inc. has a fifty-two week low of $86.05 and a fifty-two week high of $122.15. The firm has a market capitalization of $7.02 billion, a price-to-earnings ratio of 34.17, a P/E/G ratio of 2.21 and a beta of 0.37.

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

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.