UMB Bank n.a. Has $60,000 Stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

UMB Bank n.a. grew its stake in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 25.3% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 545 shares of the company’s stock after buying an additional 110 shares during the period. UMB Bank n.a.’s holdings in Ollie’s Bargain Outlet were worth $60,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in OLLI. D. E. Shaw & Co. Inc. raised its position in Ollie’s Bargain Outlet by 953.2% in the second quarter. D. E. Shaw & Co. Inc. now owns 566,738 shares of the company’s stock worth $55,637,000 after purchasing an additional 512,928 shares in the last quarter. Holocene Advisors LP grew its stake in shares of Ollie’s Bargain Outlet by 10,159.3% in the 3rd quarter. Holocene Advisors LP now owns 471,413 shares of the company’s stock valued at $45,821,000 after purchasing an additional 466,818 shares during the period. Wellington Management Group LLP raised its holdings in shares of Ollie’s Bargain Outlet by 155.8% in the 3rd quarter. Wellington Management Group LLP now owns 483,044 shares of the company’s stock worth $46,952,000 after buying an additional 294,217 shares in the last quarter. Loomis Sayles & Co. L P bought a new position in shares of Ollie’s Bargain Outlet during the 3rd quarter worth approximately $16,590,000. Finally, Victory Capital Management Inc. boosted its stake in Ollie’s Bargain Outlet by 84.8% in the 3rd quarter. Victory Capital Management Inc. now owns 313,836 shares of the company’s stock valued at $30,505,000 after buying an additional 143,996 shares in the last quarter.

Insider Activity at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, CEO John W. Swygert sold 4,800 shares of the stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $102.60, for a total value of $492,480.00. Following the completion of the sale, the chief executive officer now directly owns 48,200 shares in the company, valued at $4,945,320. This represents a 9.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas Hendrickson sold 6,250 shares of Ollie’s Bargain Outlet stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $114.74, for a total value of $717,125.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 87,771 shares of company stock worth $9,650,832. 0.87% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

OLLI has been the subject of several analyst reports. Piper Sandler lifted their price target on shares of Ollie’s Bargain Outlet from $107.00 to $126.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Wells Fargo & Company lifted their target price on shares of Ollie’s Bargain Outlet from $95.00 to $105.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 11th. Citigroup upgraded Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and increased their price target for the stock from $64.00 to $133.00 in a research report on Wednesday, December 18th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $130.00 price target on shares of Ollie’s Bargain Outlet in a report on Monday, December 23rd. Finally, JPMorgan Chase & Co. boosted their price objective on Ollie’s Bargain Outlet from $105.00 to $135.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, Ollie’s Bargain Outlet presently has a consensus rating of “Moderate Buy” and a consensus target price of $118.62.

Ollie’s Bargain Outlet Stock Performance

Shares of Ollie’s Bargain Outlet stock opened at $112.91 on Friday. Ollie’s Bargain Outlet Holdings, Inc. has a 52 week low of $68.05 and a 52 week high of $120.03. The stock has a market capitalization of $6.92 billion, a price-to-earnings ratio of 33.70, a PEG ratio of 2.75 and a beta of 0.82. The firm has a fifty day moving average of $106.18 and a two-hundred day moving average of $99.12.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its earnings results 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 firm had revenue of $517.43 million for the quarter, compared to analyst estimates of $518.83 million. Ollie’s Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The company’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.51 earnings per share. As a group, research analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 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.