Bridge City Capital LLC Acquires Shares of 21,163 Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)


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Bridge City Capital LLC acquired a new position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 21,163 shares of the company’s stock, valued at approximately $1,841,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Capstone Triton Financial Group LLC bought a new stake in Ollie’s Bargain Outlet during the 4th quarter worth approximately $31,000. International Assets Investment Management LLC bought a new stake in shares of Ollie’s Bargain Outlet in the fourth quarter valued at about $40,000. Perigon Wealth Management LLC acquired a new position in shares of Ollie’s Bargain Outlet during the fourth quarter worth about $63,000. Healthcare of Ontario Pension Plan Trust Fund boosted its position in Ollie’s Bargain Outlet by 57.6% during the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,196 shares of the company’s stock worth $98,000 after acquiring an additional 437 shares during the last quarter. Finally, Farmers & Merchants Trust Co of Chambersburg PA raised its holdings in shares of Ollie’s Bargain Outlet by 30.0% in the first quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 1,300 shares of the company’s stock valued at $113,000 after purchasing an additional 300 shares during the last quarter.

In related news, VP Kenneth Robert Bertram sold 750 shares of the firm’s stock in a transaction that occurred on Monday, April 5th. The shares were sold at an average price of $90.00, for a total value of $67,500.00. Following the sale, the vice president now owns 29,954 shares in the company, valued at $2,695,860. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Ray Daugherty sold 1,600 shares of the stock in a transaction that occurred on Monday, April 5th. The stock was sold at an average price of $87.64, for a total transaction of $140,224.00. Following the completion of the transaction, the senior vice president now owns 2,161 shares in the company, valued at approximately $189,390.04. The disclosure for this sale can be found here. Insiders have sold a total of 12,291 shares of company stock valued at $1,054,265 over the last 90 days. Company insiders own 16.36% of the company’s stock.

A number of research analysts recently weighed in on the stock. Royal Bank of Canada decreased their target price on shares of Ollie’s Bargain Outlet from $109.00 to $104.00 and set an “outperform” rating for the company in a research report on Thursday, March 25th. Bank of America lowered Ollie’s Bargain Outlet from a “buy” rating to an “underperform” rating and dropped their target price for the stock from $105.00 to $82.00 in a report on Thursday, January 14th. Craig Hallum increased their target price on Ollie’s Bargain Outlet from $100.00 to $117.00 and gave the stock a “buy” rating in a report on Thursday, March 25th. Piper Sandler increased their price target on shares of Ollie’s Bargain Outlet from $94.00 to $107.00 and gave the stock an “overweight” rating in a research report on Friday, March 19th. Finally, JPMorgan Chase & Co. upped their price objective on Ollie’s Bargain Outlet from $105.00 to $109.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 16th. Five investment analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. Ollie’s Bargain Outlet has a consensus rating of “Hold” and a consensus price target of $94.13.

Shares of OLLI stock opened at $88.26 on Tuesday. Ollie’s Bargain Outlet Holdings, Inc. has a 12-month low of $64.54 and a 12-month high of $123.52. The company has a 50 day moving average of $90.58 and a 200-day moving average of $89.44. The firm has a market cap of $5.78 billion, a P/E ratio of 25.51, a PEG ratio of 1.59 and a beta of 1.13.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings results on Wednesday, March 17th. The company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.12. The firm had revenue of $515.80 million for the quarter, compared to analysts’ expectations of $487.74 million. Ollie’s Bargain Outlet had a return on equity of 16.64% and a net margin of 13.31%. The business’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.74 EPS. Equities research analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.04 earnings per share for the current fiscal year.

Ollie’s Bargain Outlet Company Profile

Ollie's Bargain Outlet Holdings, Inc operates as a retailer of brand name merchandise. The company offers housewares, bed and bath, food, floor coverings, health and beauty aids, books and stationery, toys, and electronics; and other products, including hardware, candy, clothing, sporting goods, pet and lawn, and garden products.

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Institutional Ownership by Quarter for Ollie`s Bargain Outlet (NASDAQ:OLLI)

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