Xponance Inc. Lowers Holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Xponance Inc. decreased its position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 2.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,291 shares of the company’s stock after selling 193 shares during the period. Xponance Inc.’s holdings in Ollie’s Bargain Outlet were worth $705,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Treasurer of the State of North Carolina boosted its holdings in shares of Ollie’s Bargain Outlet by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 27,065 shares of the company’s stock valued at $2,089,000 after purchasing an additional 140 shares during the period. Precision Wealth Strategies LLC lifted its holdings in Ollie’s Bargain Outlet by 3.0% during the third quarter. Precision Wealth Strategies LLC now owns 5,179 shares of the company’s stock worth $400,000 after buying an additional 149 shares during the period. Teacher Retirement System of Texas lifted its holdings in Ollie’s Bargain Outlet by 0.7% during the third quarter. Teacher Retirement System of Texas now owns 22,294 shares of the company’s stock worth $1,721,000 after buying an additional 151 shares during the period. Sheets Smith Wealth Management lifted its holdings in Ollie’s Bargain Outlet by 2.5% during the third quarter. Sheets Smith Wealth Management now owns 6,461 shares of the company’s stock worth $499,000 after buying an additional 158 shares during the period. Finally, Diversified Trust Co lifted its holdings in Ollie’s Bargain Outlet by 4.8% during the fourth quarter. Diversified Trust Co now owns 3,636 shares of the company’s stock worth $276,000 after buying an additional 168 shares during the period.

Insider Buying and Selling at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, CEO John W. Swygert sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $82.57, for a total value of $412,850.00. Following the completion of the transaction, the chief executive officer now directly owns 48,200 shares of the company’s stock, valued at $3,979,874. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Ollie’s Bargain Outlet news, CEO John W. Swygert sold 11,756 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $75.22, for a total value of $884,286.32. Following the completion of the transaction, the chief executive officer now directly owns 48,200 shares of the company’s stock, valued at $3,625,604. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO John W. Swygert sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $82.57, for a total value of $412,850.00. Following the completion of the transaction, the chief executive officer now directly owns 48,200 shares of the company’s stock, valued at $3,979,874. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,171 shares of company stock valued at $2,084,338. 0.86% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Royal Bank of Canada restated an “outperform” rating and set a $86.00 target price on shares of Ollie’s Bargain Outlet in a report on Thursday, March 21st. Craig Hallum upped their target price on Ollie’s Bargain Outlet from $98.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, March 21st. Truist Financial raised their price objective on Ollie’s Bargain Outlet from $78.00 to $80.00 and gave the stock a “hold” rating in a research report on Thursday, March 21st. The Goldman Sachs Group upped their target price on Ollie’s Bargain Outlet from $91.00 to $104.00 and gave the company a “buy” rating in a research report on Thursday, March 21st. Finally, Loop Capital raised Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and raised their price target for the stock from $80.00 to $90.00 in a report on Friday, April 5th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.92.

Ollie’s Bargain Outlet Stock Up 0.1 %

Ollie’s Bargain Outlet stock opened at $74.46 on Friday. Ollie’s Bargain Outlet Holdings, Inc. has a 52 week low of $52.93 and a 52 week high of $84.38. The company has a market capitalization of $4.57 billion, a price-to-earnings ratio of 25.50 and a beta of 0.76. The stock has a 50-day moving average price of $75.79 and a 200 day moving average price of $75.09.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its earnings results on Wednesday, March 20th. The company reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.07. Ollie’s Bargain Outlet had a return on equity of 12.55% and a net margin of 8.63%. The firm had revenue of $648.90 million during the quarter, compared to the consensus estimate of $649.39 million. During the same quarter in the previous year, the company posted $0.84 earnings per share. The company’s revenue was up 18.0% compared to the same quarter last year. Research analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.19 EPS 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 in the United States. 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.