Callan Family Office LLC Invests $409,000 in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Callan Family Office LLC acquired a new position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,728 shares of the company’s stock, valued at approximately $409,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in OLLI. Wealth Enhancement Advisory Services LLC raised its stake in shares of Ollie’s Bargain Outlet by 7.7% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 3,966 shares of the company’s stock valued at $385,000 after acquiring an additional 283 shares during the last quarter. Janney Montgomery Scott LLC raised its position in Ollie’s Bargain Outlet by 5.2% during the 3rd quarter. Janney Montgomery Scott LLC now owns 8,122 shares of the company’s stock worth $789,000 after purchasing an additional 402 shares during the last quarter. Van ECK Associates Corp lifted its holdings in Ollie’s Bargain Outlet by 40.0% during the 3rd quarter. Van ECK Associates Corp now owns 34,183 shares of the company’s stock worth $3,103,000 after buying an additional 9,768 shares during the period. Crossmark Global Holdings Inc. lifted its holdings in Ollie’s Bargain Outlet by 10.0% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 4,406 shares of the company’s stock worth $428,000 after buying an additional 400 shares during the period. Finally, Chartwell Investment Partners LLC grew its position in shares of Ollie’s Bargain Outlet by 50.7% in the 3rd quarter. Chartwell Investment Partners LLC now owns 12,212 shares of the company’s stock valued at $1,187,000 after buying an additional 4,111 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. StockNews.com lowered shares of Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a report on Tuesday, February 4th. Loop Capital upped 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. Truist Financial boosted their price objective 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. Citigroup raised Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and raised their target price for the stock from $64.00 to $133.00 in a research note on Wednesday, December 18th. 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. One research analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $118.29.

Ollie’s Bargain Outlet Trading Down 2.1 %

Shares of NASDAQ:OLLI opened at $103.03 on Monday. The stock has a market cap of $6.31 billion, a PE ratio of 30.76, a price-to-earnings-growth ratio of 2.21 and a beta of 0.83. The stock’s fifty day simple moving average is $105.99 and its two-hundred day simple moving average is $100.99. Ollie’s Bargain Outlet Holdings, Inc. has a 1-year low of $68.05 and a 1-year high of $120.03.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings results on Tuesday, December 10th. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. Ollie’s Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. The company had revenue of $517.43 million for the quarter, compared to analyst estimates of $518.83 million. During the same period last year, the firm earned $0.51 earnings per share. The firm’s revenue was up 7.8% on a year-over-year basis. On average, sell-side analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, SVP James J. Comitale sold 5,325 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $113.95, for a total transaction of $606,783.75. Following the completion of the sale, the senior vice president now directly owns 3,140 shares of the company’s stock, valued at $357,803. This trade represents a 62.91 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Larry Kraus sold 10,646 shares of the business’s stock in a transaction dated 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 completion of the transaction, the senior vice president now directly owns 1,905 shares in the company, valued at $220,179.90. This trade represents a 84.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 76,539 shares of company stock valued at $8,498,935 in the last 90 days. 0.87% of the stock is currently owned by corporate insiders.

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.