14,458 Shares in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Acquired by Blueshift Asset Management LLC

Blueshift Asset Management LLC purchased a new stake in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 14,458 shares of the company’s stock, valued at approximately $1,586,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of OLLI. Royal London Asset Management Ltd. grew its stake in shares of Ollie’s Bargain Outlet by 1.9% in the 4th quarter. Royal London Asset Management Ltd. now owns 257,707 shares of the company’s stock worth $28,278,000 after purchasing an additional 4,865 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in Ollie’s Bargain Outlet during the 4th quarter worth about $41,000. Xponance Inc. lifted its stake in Ollie’s Bargain Outlet by 7.8% during the fourth quarter. Xponance Inc. now owns 7,129 shares of the company’s stock valued at $782,000 after buying an additional 517 shares in the last quarter. Axxcess Wealth Management LLC purchased a new stake in shares of Ollie’s Bargain Outlet in the 4th quarter valued at approximately $239,000. Finally, Corient Private Wealth LLC boosted its stake in Ollie’s Bargain Outlet by 86.2% in the 4th quarter. Corient Private Wealth LLC now owns 8,438 shares of the company’s stock worth $926,000 after purchasing an additional 3,906 shares during the period.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on OLLI shares. Wells Fargo & Company lifted their target price on Ollie’s Bargain Outlet from $95.00 to $105.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 11th. Piper Sandler increased their target price 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. Craig Hallum boosted their price target on shares of Ollie’s Bargain Outlet from $107.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. StockNews.com lowered Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a report on Tuesday, February 4th. Finally, Bank of America raised their target price on Ollie’s Bargain Outlet from $115.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $118.29.

Ollie’s Bargain Outlet Stock Up 9.0 %

Shares of OLLI stock opened at $107.94 on Thursday. Ollie’s Bargain Outlet Holdings, Inc. has a 12 month low of $68.05 and a 12 month high of $120.03. The firm has a market cap of $6.61 billion, a PE ratio of 32.22, a price-to-earnings-growth ratio of 2.21 and a beta of 0.83. The stock has a 50 day moving average of $105.13 and a 200-day moving average of $101.38.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its 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 for the quarter, compared to analyst estimates of $674.61 million. Ollie’s Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. Ollie’s Bargain Outlet’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.23 earnings per share. As a group, equities analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

About Ollie’s Bargain Outlet

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.