JPMorgan Chase & Co. Boosts Holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

JPMorgan Chase & Co. boosted its holdings in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 79.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 189,301 shares of the company’s stock after buying an additional 83,882 shares during the quarter. JPMorgan Chase & Co.’s holdings in Ollie’s Bargain Outlet were worth $18,400,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in OLLI. Commonwealth Equity Services LLC increased its stake in shares of Ollie’s Bargain Outlet by 6.1% in the 2nd quarter. Commonwealth Equity Services LLC now owns 7,574 shares of the company’s stock worth $744,000 after purchasing an additional 433 shares in the last quarter. National Bank of Canada FI increased its position in Ollie’s Bargain Outlet by 1,058.1% in the second quarter. National Bank of Canada FI now owns 2,571 shares of the company’s stock worth $253,000 after buying an additional 2,349 shares in the last quarter. Arizona State Retirement System raised its stake in shares of Ollie’s Bargain Outlet by 1.5% in the second quarter. Arizona State Retirement System now owns 17,180 shares of the company’s stock worth $1,687,000 after buying an additional 253 shares during the period. MGO One Seven LLC lifted its position in shares of Ollie’s Bargain Outlet by 8.9% during the 2nd quarter. MGO One Seven LLC now owns 14,182 shares of the company’s stock valued at $1,392,000 after buying an additional 1,154 shares in the last quarter. Finally, AGF Management Ltd. grew its stake in shares of Ollie’s Bargain Outlet by 4.1% during the 2nd quarter. AGF Management Ltd. now owns 29,245 shares of the company’s stock valued at $2,871,000 after acquiring an additional 1,154 shares during the period.

Analyst Ratings Changes

OLLI has been the topic of a number of recent analyst reports. Bank of America raised their target price on shares of Ollie’s Bargain Outlet from $115.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Royal Bank of Canada restated an “outperform” rating and set a $130.00 price objective on shares of Ollie’s Bargain Outlet in a research report on Monday, December 23rd. StockNews.com raised shares of Ollie’s Bargain Outlet from a “sell” rating to a “hold” rating in a report on Saturday, December 28th. Truist Financial increased their price target on 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. Finally, Craig Hallum boosted their price objective on Ollie’s Bargain Outlet from $107.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $118.62.

Ollie’s Bargain Outlet Trading Up 0.9 %

NASDAQ:OLLI opened at $104.45 on Friday. The company has a market capitalization of $6.40 billion, a P/E ratio of 31.18, a P/E/G ratio of 2.79 and a beta of 0.82. The business’s 50-day moving average is $103.37 and its 200 day moving average is $98.44. Ollie’s Bargain Outlet Holdings, Inc. has a 12 month low of $68.05 and a 12 month high of $120.03.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings data on Tuesday, December 10th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.01. Ollie’s Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The business had revenue of $517.43 million for the quarter, compared to analysts’ expectations of $518.83 million. During the same period in the prior year, the firm earned $0.51 EPS. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. On average, research analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

Insider Buying and Selling at Ollie’s Bargain Outlet

In other news, SVP James J. Comitale sold 5,325 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $113.95, for a total value of $606,783.75. Following the completion of the sale, the senior vice president now directly owns 3,140 shares of the company’s stock, valued at $357,803. This trade represents a 62.91 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Robert F. Helm sold 2,401 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $94.68, for a total value of $227,326.68. Following the completion of the transaction, the chief financial officer now owns 2,021 shares of the company’s stock, valued at approximately $191,348.28. This trade represents a 54.30 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 90,172 shares of company stock worth $9,878,158 over the last 90 days. 0.87% of the stock is owned by insiders.

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.