Diversify Wealth Management LLC Purchases 1,830 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Diversify Wealth Management LLC increased its holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 26.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,651 shares of the company’s stock after purchasing an additional 1,830 shares during the quarter. Diversify Wealth Management LLC’s holdings in Ollie’s Bargain Outlet were worth $920,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. GAMMA Investing LLC raised its position in Ollie’s Bargain Outlet by 37.9% during the 3rd quarter. GAMMA Investing LLC now owns 651 shares of the company’s stock valued at $63,000 after purchasing an additional 179 shares during the last quarter. Eagle Bay Advisors LLC purchased a new stake in shares of Ollie’s Bargain Outlet in the 4th quarter worth approximately $79,000. Northwest & Ethical Investments L.P. bought a new position in shares of Ollie’s Bargain Outlet during the third quarter valued at $117,000. LRI Investments LLC raised its holdings in Ollie’s Bargain Outlet by 2,356.1% in the third quarter. LRI Investments LLC now owns 1,400 shares of the company’s stock worth $130,000 after buying an additional 1,343 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in Ollie’s Bargain Outlet in the 3rd quarter valued at approximately $151,000.

Ollie’s Bargain Outlet Trading Up 2.3 %

NASDAQ:OLLI opened at $106.86 on Tuesday. The company has a market cap of $6.55 billion, a price-to-earnings ratio of 31.90, a price-to-earnings-growth ratio of 2.63 and a beta of 0.82. The stock has a fifty day simple moving average of $104.56 and a 200-day simple moving average of $98.75. Ollie’s Bargain Outlet Holdings, Inc. has a twelve month low of $68.05 and a twelve month high of $120.03.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings results on Tuesday, December 10th. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. The business had revenue of $517.43 million for the quarter, compared to the consensus estimate of $518.83 million. Ollie’s Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The business’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.51 EPS. As a group, equities research analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on OLLI. Loop Capital raised their price target on shares of Ollie’s Bargain Outlet from $120.00 to $130.00 and gave the company a “buy” rating in a report on Monday, December 23rd. StockNews.com cut Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research report on Wednesday, January 15th. Bank of America lifted their target price on Ollie’s Bargain Outlet from $115.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. JPMorgan Chase & Co. boosted their price target on shares of 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. Finally, Piper Sandler increased their target price on Ollie’s Bargain Outlet from $107.00 to $126.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, Ollie’s Bargain Outlet has a consensus rating of “Moderate Buy” and a consensus target price of $118.62.

Insider Activity

In other Ollie’s Bargain Outlet news, SVP James J. Comitale sold 5,325 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were 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 in the company, valued at $357,803. This trade represents a 62.91 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Thomas Hendrickson sold 6,250 shares of the company’s 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 ninety days, insiders have sold 87,771 shares of company stock worth $9,650,832. Corporate insiders own 0.87% of the company’s stock.

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.