Tidal Investments LLC Takes $21.73 Million Position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Tidal Investments LLC acquired a new stake in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 198,060 shares of the company’s stock, valued at approximately $21,733,000.

Several other institutional investors also recently made changes to their positions in OLLI. Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of Ollie’s Bargain Outlet by 173.8% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,644,774 shares of the company’s stock valued at $509,671,000 after buying an additional 2,948,393 shares during the period. Congress Asset Management Co. grew its stake in shares of Ollie’s Bargain Outlet by 181.6% during the 4th quarter. Congress Asset Management Co. now owns 1,916,584 shares of the company’s stock valued at $210,307,000 after buying an additional 1,235,994 shares during the period. Norges Bank purchased a new stake in shares of Ollie’s Bargain Outlet during the 4th quarter valued at $80,741,000. Stephens Investment Management Group LLC purchased a new stake in shares of Ollie’s Bargain Outlet during the 4th quarter valued at $78,356,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Ollie’s Bargain Outlet during the 4th quarter valued at $48,633,000.

Ollie’s Bargain Outlet Price Performance

Shares of OLLI stock opened at $118.86 on Monday. Ollie’s Bargain Outlet Holdings, Inc. has a 12 month low of $72.22 and a 12 month high of $120.03. The firm has a market capitalization of $7.30 billion, a P/E ratio of 35.48, a P/E/G ratio of 2.21 and a beta of 0.45. The company’s fifty day moving average price is $109.61 and its two-hundred day moving average price is $106.28.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings data on Wednesday, March 19th. The company reported $1.19 EPS for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.01). Ollie’s Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The firm had revenue of $667.10 million during the quarter, compared to analyst estimates of $674.61 million. During the same quarter in the prior year, the firm earned $1.23 EPS. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

Insider Activity

In other news, Director Robert Fisch sold 6,250 shares of the company’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $108.08, for a total value of $675,500.00. Following the sale, the director now owns 22,159 shares in the company, valued at approximately $2,394,944.72. This represents a 22.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Robert F. Helm sold 2,145 shares of the company’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $108.50, for a total transaction of $232,732.50. Following the completion of the sale, the chief financial officer now owns 3,888 shares in the company, valued at approximately $421,848. This trade represents a 35.55% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 37,897 shares of company stock worth $4,227,970. 0.75% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on OLLI. UBS Group lifted their target price on shares of Ollie’s Bargain Outlet from $117.00 to $123.00 and gave the company a “neutral” rating in a report on Thursday, March 20th. Morgan Stanley lifted their target price on shares of Ollie’s Bargain Outlet from $108.00 to $118.00 and gave the company an “equal weight” rating in a report on Thursday, March 20th. Piper Sandler reduced their target price on shares of Ollie’s Bargain Outlet from $126.00 to $124.00 and set an “overweight” rating on the stock in a report on Thursday, March 20th. Jefferies Financial Group lowered shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and reduced their target price for the company from $125.00 to $111.00 in a report on Tuesday, February 4th. Finally, StockNews.com upgraded shares of Ollie’s Bargain Outlet from a “sell” rating to a “hold” rating in a report on Tuesday, May 13th. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $123.08.

Ollie’s Bargain Outlet Company Profile

Ollie’s Bargain Outlet Holdings, Inc is a holding company, which engages in the retail of closeouts, excess inventory, and salvage merchandise. It offers overstocks, package changes, manufacturer refurbished goods, and irregulars. The company’s products include housewares, food, books and stationery, bed and bath, floor coverings, electronics and toys.