FORA Capital LLC Buys 15,950 Shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

FORA Capital LLC lifted its holdings in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 332.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,750 shares of the company's stock after acquiring an additional 15,950 shares during the period. FORA Capital LLC's holdings in Ollie's Bargain Outlet were worth $2,277,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Deutsche Bank AG boosted its stake in shares of Ollie's Bargain Outlet by 253.3% in the fourth quarter. Deutsche Bank AG now owns 17,168 shares of the company's stock worth $1,884,000 after acquiring an additional 12,308 shares during the period. Corton Capital Inc. bought a new position in Ollie's Bargain Outlet during the fourth quarter valued at approximately $214,000. Cetera Investment Advisers boosted its stake in Ollie's Bargain Outlet by 42.2% during the fourth quarter. Cetera Investment Advisers now owns 19,084 shares of the company's stock valued at $2,094,000 after buying an additional 5,660 shares during the last quarter. Captrust Financial Advisors boosted its stake in Ollie's Bargain Outlet by 166.1% during the fourth quarter. Captrust Financial Advisors now owns 7,815 shares of the company's stock valued at $858,000 after buying an additional 4,878 shares during the last quarter. Finally, Castlekeep Investment Advisors LLC bought a new position in Ollie's Bargain Outlet during the fourth quarter valued at approximately $638,000.

Ollie's Bargain Outlet Trading Down 2.5%

Shares of OLLI stock traded down $2.77 on Friday, reaching $106.17. 812,714 shares of the company's stock were exchanged, compared to its average volume of 1,153,137. Ollie's Bargain Outlet Holdings, Inc. has a 52 week low of $72.19 and a 52 week high of $120.03. The stock has a market capitalization of $6.52 billion, a PE ratio of 31.69, a P/E/G ratio of 2.21 and a beta of 0.45. The company's fifty day simple moving average is $108.40 and its 200 day simple moving average is $105.43.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on OLLI. Jefferies Financial Group lowered Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and dropped their price target for the company from $125.00 to $111.00 in a research note on Tuesday, February 4th. Piper Sandler lowered their price objective 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. Morgan Stanley increased their price objective on shares of 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. UBS Group increased their price objective on shares of Ollie's Bargain Outlet from $117.00 to $123.00 and gave the company a "neutral" rating in a research report on Thursday, March 20th. Finally, Royal Bank of Canada lifted their target price on Ollie's Bargain Outlet from $130.00 to $133.00 and gave the stock an "outperform" rating in a report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Ollie's Bargain Outlet presently has an average rating of "Moderate Buy" and a consensus target price of $123.08.

Insider Buying and Selling

In other Ollie's Bargain Outlet news, Chairman John W. Swygert sold 6,526 shares of Ollie's Bargain Outlet 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 sale, the chairman now directly owns 53,432 shares of the company's stock, valued at $5,763,709.84. The trade was a 10.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Robert F. Helm sold 312 shares of Ollie's Bargain Outlet 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 sale, the chief financial officer now directly owns 3,273 shares of the company's stock, valued at approximately $350,767.41. This trade represents 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 in the last 90 days. Company insiders own 0.87% of the company's stock.

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.