Sheets Smith Wealth Management Raises Stock Position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Sheets Smith Wealth Management lifted its position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 3.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,936 shares of the company’s stock after buying an additional 217 shares during the period. Sheets Smith Wealth Management’s holdings in Ollie’s Bargain Outlet were worth $761,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. boosted its position in shares of Ollie’s Bargain Outlet by 25.3% during the fourth quarter. UMB Bank n.a. now owns 545 shares of the company’s stock worth $60,000 after buying an additional 110 shares during the period. GAMMA Investing LLC boosted its holdings in Ollie’s Bargain Outlet by 37.9% during the 3rd quarter. GAMMA Investing LLC now owns 651 shares of the company’s stock valued at $63,000 after acquiring an additional 179 shares during the period. Eagle Bay Advisors LLC acquired a new position in Ollie’s Bargain Outlet in the 4th quarter valued at about $79,000. Northwest & Ethical Investments L.P. acquired a new stake in shares of Ollie’s Bargain Outlet during the third quarter worth about $117,000. Finally, LRI Investments LLC grew its holdings in shares of Ollie’s Bargain Outlet by 2,356.1% in the third quarter. LRI Investments LLC now owns 1,400 shares of the company’s stock valued at $130,000 after purchasing an additional 1,343 shares in the last quarter.

Ollie’s Bargain Outlet Stock Up 6.4 %

Shares of NASDAQ:OLLI opened at $113.66 on Wednesday. The company has a market cap of $6.97 billion, a P/E ratio of 33.93, a PEG ratio of 2.64 and a beta of 0.82. The company has a 50-day moving average price of $104.99 and a 200 day moving average price of $98.85. Ollie’s Bargain Outlet Holdings, Inc. has a 52 week low of $68.05 and a 52 week high of $120.03.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings data on Tuesday, December 10th. The company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. Ollie’s Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The firm had revenue of $517.43 million for the quarter, compared to analyst estimates of $518.83 million. During the same quarter in the prior year, the company posted $0.51 earnings per share. Ollie’s Bargain Outlet’s quarterly revenue was up 7.8% on a year-over-year basis. Analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on OLLI shares. Citigroup raised shares of Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and raised their price target for the company from $64.00 to $133.00 in a research report on Wednesday, December 18th. JPMorgan Chase & Co. boosted their price objective on Ollie’s Bargain Outlet from $105.00 to $135.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Bank of America lifted their price target on shares of Ollie’s Bargain Outlet from $115.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Wells Fargo & Company raised their price objective on shares of Ollie’s Bargain Outlet from $95.00 to $105.00 and gave the company an “equal weight” rating in a report on Wednesday, December 11th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $130.00 target price on shares of Ollie’s Bargain Outlet in a research note on Monday, December 23rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, Ollie’s Bargain Outlet presently has a consensus rating of “Moderate Buy” and a consensus price target of $118.62.

Insider Activity

In related news, SVP Larry Kraus sold 10,646 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $115.58, for a total transaction of $1,230,464.68. Following the sale, the senior vice president now owns 1,905 shares of the company’s stock, valued at $220,179.90. This trade represents a 84.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO John W. Swygert sold 4,032 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $102.51, for a total transaction of $413,320.32. Following the completion of the transaction, the chief executive officer now directly owns 48,200 shares of the company’s stock, valued at $4,940,982. The trade was a 7.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 87,771 shares of company stock worth $9,650,832 over the last 90 days. 0.87% of the stock is currently owned by corporate insiders.

Ollie’s Bargain Outlet Profile

Ollie's Bargain Outlet Holdings, Inc operates as a retailer of brand name merchandise in the United States. The company offers housewares, bed and bath, food, floor coverings, health and beauty aids, books and stationery, toys, and electronics; and other products, including hardware, candy, clothing, sporting goods, pet and lawn, and garden products.