Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Holdings Raised by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. increased its stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 27.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,904 shares of the company’s stock after purchasing an additional 5,952 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Ollie’s Bargain Outlet were worth $3,062,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Corient Private Wealth LLC increased its position in shares of Ollie’s Bargain Outlet by 86.2% in the fourth quarter. Corient Private Wealth LLC now owns 8,438 shares of the company’s stock worth $926,000 after acquiring an additional 3,906 shares in the last quarter. Oak Thistle LLC acquired a new stake in Ollie’s Bargain Outlet during the 4th quarter valued at $1,345,000. JPMorgan Chase & Co. raised its stake in Ollie’s Bargain Outlet by 79.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 189,301 shares of the company’s stock valued at $18,400,000 after purchasing an additional 83,882 shares during the period. Van ECK Associates Corp boosted its position in shares of Ollie’s Bargain Outlet by 36.5% in the fourth quarter. Van ECK Associates Corp now owns 46,659 shares of the company’s stock worth $5,120,000 after buying an additional 12,476 shares during the period. Finally, Harbor Capital Advisors Inc. purchased a new position in shares of Ollie’s Bargain Outlet during the fourth quarter valued at $2,049,000.

Insider Transactions at Ollie’s Bargain Outlet

In related news, Chairman John W. Swygert sold 6,526 shares of the firm’s stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $107.87, for a total transaction of $703,959.62. Following the completion of the sale, the chairman now directly owns 53,432 shares of the company’s stock, valued at $5,763,709.84. This trade represents a 10.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Der Valk Eric Van sold 525 shares of the business’s stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $112.94, for a total value of $59,293.50. Following the completion of the transaction, the chief executive officer now directly owns 6,793 shares in the company, valued at approximately $767,201.42. This represents a 7.17 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 34,254 shares of company stock valued at $3,812,800. Corporate insiders own 0.87% of the company’s stock.

Ollie’s Bargain Outlet Stock Performance

NASDAQ:OLLI opened at $117.46 on Friday. Ollie’s Bargain Outlet Holdings, Inc. has a 52 week low of $68.83 and a 52 week high of $120.03. The company has a market capitalization of $7.19 billion, a price-to-earnings ratio of 35.06, a PEG ratio of 2.21 and a beta of 0.83. The company has a 50-day moving average of $106.41 and a 200-day moving average of $102.80.

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 the consensus estimate of $1.20 by ($0.01). Ollie’s Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The company had revenue of $667.10 million for the quarter, compared to analyst estimates of $674.61 million. During the same quarter in the prior year, the company earned $1.23 earnings per share. The business’s revenue was up 2.8% compared to the same quarter last year. Sell-side analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Morgan Stanley lifted their target price on Ollie’s Bargain Outlet from $108.00 to $118.00 and gave the company an “equal weight” rating in a research note on Thursday, March 20th. Loop Capital boosted their target price on Ollie’s Bargain Outlet from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. Truist Financial increased their price target on shares of Ollie’s Bargain Outlet from $109.00 to $121.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Royal Bank of Canada increased their price objective on Ollie’s Bargain Outlet from $130.00 to $133.00 and gave the company an “outperform” rating in a report on Friday, March 7th. Finally, Jefferies Financial Group downgraded shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and dropped their target price for the stock from $125.00 to $111.00 in a report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $123.08.

Ollie’s Bargain Outlet 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.