Harbor Capital Advisors Inc. Purchases Shares of 18,673 Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Harbor Capital Advisors Inc. acquired a new position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 18,673 shares of the company’s stock, valued at approximately $2,049,000.

Several other institutional investors have also recently modified their holdings of the stock. GAMMA Investing LLC increased its position in Ollie’s Bargain Outlet by 37.9% during the third quarter. GAMMA Investing LLC now owns 651 shares of the company’s stock worth $63,000 after buying an additional 179 shares in the last quarter. Northwest & Ethical Investments L.P. acquired a new position in Ollie’s Bargain Outlet in the 3rd quarter valued at about $117,000. LRI Investments LLC lifted its holdings in Ollie’s Bargain Outlet by 2,356.1% in the 3rd quarter. LRI Investments LLC now owns 1,400 shares of the company’s stock valued at $130,000 after purchasing an additional 1,343 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Ollie’s Bargain Outlet during the 3rd quarter worth about $151,000. Finally, Quest Partners LLC purchased a new stake in shares of Ollie’s Bargain Outlet during the third quarter worth about $196,000.

Ollie’s Bargain Outlet Trading Up 1.8 %

NASDAQ:OLLI opened at $106.36 on Friday. The firm’s fifty day simple moving average is $103.89 and its 200 day simple moving average is $98.54. Ollie’s Bargain Outlet Holdings, Inc. has a twelve month low of $68.05 and a twelve month high of $120.03. The firm has a market capitalization of $6.52 billion, a price-to-earnings ratio of 31.75, a PEG ratio of 2.79 and a beta of 0.82.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings data on Tuesday, December 10th. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $517.43 million for the quarter, compared to analysts’ expectations of $518.83 million. During the same quarter in the previous year, the firm posted $0.51 earnings per share. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. On average, analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. StockNews.com upgraded shares of Ollie’s Bargain Outlet from a “sell” rating to a “hold” rating in a research report on Saturday, December 28th. JPMorgan Chase & Co. upped their target price on Ollie’s Bargain Outlet from $105.00 to $135.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Bank of America raised their price target on 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. Truist Financial increased their price objective on shares of Ollie’s Bargain Outlet from $109.00 to $121.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Finally, Loop Capital upped their price target on shares of Ollie’s Bargain Outlet from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, Ollie’s Bargain Outlet presently has a consensus rating of “Moderate Buy” and an average price target of $118.62.

Insiders Place Their Bets

In related news, SVP James J. Comitale sold 5,325 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $113.95, for a total value of $606,783.75. Following the transaction, the senior vice president now owns 3,140 shares in the company, valued at approximately $357,803. The trade was a 62.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Thomas Hendrickson sold 6,250 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Monday, December 16th. The stock was 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. Insiders sold a total of 90,172 shares of company stock worth $9,878,158 in the last 90 days. 0.87% of the stock is owned by company insiders.

Ollie’s Bargain Outlet 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.