Bridge City Capital LLC Increases Stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Bridge City Capital LLC increased its position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 0.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,921 shares of the company’s stock after acquiring an additional 325 shares during the quarter. Bridge City Capital LLC’s holdings in Ollie’s Bargain Outlet were worth $4,051,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wilmington Savings Fund Society FSB lifted its holdings in shares of Ollie’s Bargain Outlet by 337.0% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 236 shares of the company’s stock valued at $26,000 after acquiring an additional 182 shares during the last quarter. Bogart Wealth LLC acquired a new stake in shares of Ollie’s Bargain Outlet in the 4th quarter worth $26,000. Blue Trust Inc. lifted its stake in shares of 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 period. Harvest Fund Management Co. Ltd acquired a new position in Ollie’s Bargain Outlet in the 4th quarter worth approximately $41,000. Finally, Tortoise Investment Management LLC acquired a new position in shares of Ollie’s Bargain Outlet in the 4th quarter valued at about $45,000.

Ollie’s Bargain Outlet Trading Up 1.6 %

Shares of OLLI opened at $106.88 on Friday. Ollie’s Bargain Outlet Holdings, Inc. has a 1-year low of $68.05 and a 1-year high of $120.03. The stock has a market capitalization of $6.55 billion, a P/E ratio of 31.90, a P/E/G ratio of 2.21 and a beta of 0.83. The business’s 50-day moving average price is $105.16 and its 200 day moving average price is $101.61.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings data on Wednesday, March 19th. The company reported $1.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.01). The firm 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% on a year-over-year basis. During the same period in the previous year, the business posted $1.23 EPS. On average, research analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on OLLI. Piper Sandler reduced their price objective on shares of Ollie’s Bargain Outlet from $126.00 to $124.00 and set an “overweight” rating for the company in a research report on Thursday. UBS Group increased their target price on Ollie’s Bargain Outlet from $117.00 to $123.00 and gave the stock a “neutral” rating in a research note on Thursday. Craig Hallum upped their target price on shares of Ollie’s Bargain Outlet from $107.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Morgan Stanley boosted their price objective on shares of Ollie’s Bargain Outlet from $108.00 to $118.00 and gave the stock an “equal weight” rating in a research report on Thursday. Finally, Jefferies Financial Group downgraded shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $125.00 to $111.00 in a research report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $123.08.

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.