Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Stock Holdings Lifted by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC increased its holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 666.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,132 shares of the company’s stock after buying an additional 1,854 shares during the period. EverSource Wealth Advisors LLC’s holdings in Ollie’s Bargain Outlet were worth $234,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Congress Asset Management Co. boosted its stake in 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 acquiring an additional 1,235,994 shares during the period. Stephens Investment Management Group LLC bought a new stake in shares of Ollie’s Bargain Outlet in the 4th quarter worth approximately $78,356,000. Holocene Advisors LP boosted its position in Ollie’s Bargain Outlet by 10,159.3% during the 3rd quarter. Holocene Advisors LP now owns 471,413 shares of the company’s stock valued at $45,821,000 after purchasing an additional 466,818 shares during the period. Raymond James Financial Inc. bought a new position in Ollie’s Bargain Outlet during the 4th quarter worth $48,633,000. Finally, Wellington Management Group LLP increased its position in Ollie’s Bargain Outlet by 155.8% in the third quarter. Wellington Management Group LLP now owns 483,044 shares of the company’s stock worth $46,952,000 after buying an additional 294,217 shares during the period.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Piper Sandler upped their price target on shares of Ollie’s Bargain Outlet from $107.00 to $126.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Royal Bank of Canada lifted their price target on Ollie’s Bargain Outlet from $130.00 to $133.00 and gave the company an “outperform” rating in a report on Friday, March 7th. Jefferies Financial Group downgraded Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $125.00 to $111.00 in a research report on Tuesday, February 4th. Truist Financial lifted their target price on Ollie’s Bargain Outlet from $109.00 to $121.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Finally, Wells Fargo & Company increased their price target on Ollie’s Bargain Outlet from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $118.29.

Ollie’s Bargain Outlet Price Performance

NASDAQ OLLI opened at $102.49 on Monday. The company has a market capitalization of $6.28 billion, a P/E ratio of 30.59, a PEG ratio of 2.21 and a beta of 0.83. Ollie’s Bargain Outlet Holdings, Inc. has a 12 month low of $68.05 and a 12 month high of $120.03. The company’s 50 day simple moving average is $105.21 and its 200 day simple moving average is $101.15.

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.