Blue Barn Wealth LLC Acquires 553 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Blue Barn Wealth LLC raised its holdings in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 22.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 2,994 shares of the company’s stock after acquiring an additional 553 shares during the period. Blue Barn Wealth LLC’s holdings in Ollie’s Bargain Outlet were worth $329,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Legacy Capital Wealth Partners LLC grew its stake in shares of Ollie’s Bargain Outlet by 3.4% during the fourth quarter. Legacy Capital Wealth Partners LLC now owns 2,834 shares of the company’s stock worth $311,000 after purchasing an additional 94 shares during the period. Blue Trust Inc. boosted its holdings in Ollie’s Bargain Outlet by 55.2% during the fourth quarter. Blue Trust Inc. now owns 284 shares of the company’s stock worth $31,000 after buying an additional 101 shares during the last quarter. UMB Bank n.a. grew its position in shares of Ollie’s Bargain Outlet by 25.3% during the 4th 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. Precision Wealth Strategies LLC increased its stake in shares of Ollie’s Bargain Outlet by 3.2% in the 4th quarter. Precision Wealth Strategies LLC now owns 3,889 shares of the company’s stock valued at $427,000 after acquiring an additional 119 shares during the last quarter. Finally, SRS Capital Advisors Inc. increased its stake in shares of Ollie’s Bargain Outlet by 14.4% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,098 shares of the company’s stock valued at $120,000 after acquiring an additional 138 shares during the last quarter.

Ollie’s Bargain Outlet Trading Up 1.9 %

Shares of OLLI opened at $105.38 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 fifty day simple moving average of $106.84 and a 200 day simple moving average of $100.84. The stock has a market capitalization of $6.46 billion, a price-to-earnings ratio of 31.46, a PEG ratio of 2.21 and a beta of 0.81.

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, beating the consensus estimate of $0.57 by $0.01. The company had revenue of $517.43 million during the quarter, compared to analysts’ expectations of $518.83 million. Ollie’s Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. Ollie’s Bargain Outlet’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.51 EPS. As a group, research analysts predict 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, Director Thomas Hendrickson sold 6,250 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $114.74, for a total transaction of $717,125.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO John W. Swygert sold 2,400 shares of the company’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $102.54, for a total transaction of $246,096.00. Following the completion of the sale, the chief executive officer now directly owns 48,200 shares in the company, valued at approximately $4,942,428. The trade was a 4.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 78,939 shares of company stock valued at $8,745,031 in the last 90 days. 0.87% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on OLLI. Jefferies Financial Group lowered shares of 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 note on Tuesday, February 4th. Citigroup raised shares of Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and lifted their price target for the stock from $64.00 to $133.00 in a research report on Wednesday, December 18th. JPMorgan Chase & Co. upped their price objective 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. Royal Bank of Canada reiterated an “outperform” rating and set a $130.00 target price on shares of Ollie’s Bargain Outlet in a report on Monday, December 23rd. Finally, StockNews.com cut Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research note on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $118.07.

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.