Keybank National Association OH Invests $806,000 in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Keybank National Association OH purchased a new position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 7,342 shares of the company’s stock, valued at approximately $806,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Wilmington Savings Fund Society FSB grew its holdings in Ollie’s Bargain Outlet by 337.0% in the fourth 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 during the period. Bogart Wealth LLC purchased a new stake in Ollie’s Bargain Outlet in the fourth quarter valued at approximately $26,000. Blue Trust Inc. grew 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 period. Arcadia Investment Management Corp MI purchased a new stake in Ollie’s Bargain Outlet in the fourth quarter valued at approximately $58,000. Finally, UMB Bank n.a. grew its holdings in Ollie’s Bargain Outlet by 25.3% in the fourth quarter. UMB Bank n.a. now owns 545 shares of the company’s stock valued at $60,000 after purchasing an additional 110 shares during the period.

Ollie’s Bargain Outlet Trading Down 2.1 %

NASDAQ OLLI opened at $103.03 on Friday. The company’s fifty day simple moving average is $105.99 and its 200-day simple moving average is $100.97. Ollie’s Bargain Outlet Holdings, Inc. has a 52 week low of $68.05 and a 52 week high of $120.03. The stock has a market cap of $6.31 billion, a P/E ratio of 30.76, a PEG ratio of 2.21 and a beta of 0.83.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings results on Tuesday, December 10th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.01. The firm had revenue of $517.43 million for the quarter, compared to analysts’ expectations of $518.83 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 7.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.51 earnings per share. On average, research analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

Insider Activity at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, CEO John W. Swygert sold 54,318 shares of the business’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $109.44, for a total transaction of $5,944,561.92. Following the completion of the sale, the chief executive officer now owns 48,200 shares in the company, valued at $5,275,008. The trade was a 52.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Thomas Hendrickson sold 6,250 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $114.74, for a total transaction of $717,125.00. The disclosure for this sale can be found here. Insiders have sold 76,539 shares of company stock valued at $8,498,935 over the last ninety days. Corporate insiders own 0.87% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on OLLI shares. Wells Fargo & Company lifted their price target on shares of Ollie’s Bargain Outlet from $95.00 to $105.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 11th. JPMorgan Chase & Co. lifted their price target on shares of Ollie’s Bargain Outlet from $105.00 to $135.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Truist Financial lifted their price target on shares of Ollie’s Bargain Outlet from $109.00 to $121.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Piper Sandler lifted their price target on shares of Ollie’s Bargain Outlet from $107.00 to $126.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Finally, Loop Capital lifted their price target on shares of Ollie’s Bargain Outlet from $120.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $118.29.

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.