Blue Barn Wealth LLC Has $329,000 Stock Holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Blue Barn Wealth LLC increased its stake in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 22.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,994 shares of the company’s stock after buying an additional 553 shares during the period. Blue Barn Wealth LLC’s holdings in Ollie’s Bargain Outlet were worth $329,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of OLLI. Royce & Associates LP boosted its holdings in shares of Ollie’s Bargain Outlet by 161.6% during the third quarter. Royce & Associates LP now owns 75,605 shares of the company’s stock worth $7,349,000 after acquiring an additional 46,706 shares during the period. Oak Thistle LLC acquired a new stake in Ollie’s Bargain Outlet during the 4th quarter worth approximately $1,345,000. JPMorgan Chase & Co. boosted its stake in Ollie’s Bargain Outlet by 79.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 189,301 shares of the company’s stock valued at $18,400,000 after purchasing an additional 83,882 shares during the period. Van ECK Associates Corp boosted its stake in Ollie’s Bargain Outlet by 36.5% in the 4th quarter. Van ECK Associates Corp now owns 46,659 shares of the company’s stock valued at $5,120,000 after purchasing an additional 12,476 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in Ollie’s Bargain Outlet by 0.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 753,658 shares of the company’s stock valued at $73,256,000 after buying an additional 5,438 shares in the last quarter.

Analyst Ratings Changes

A number of research firms have recently weighed in on OLLI. StockNews.com downgraded Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a report on Tuesday, February 4th. Piper Sandler lifted their price objective on shares of Ollie’s Bargain Outlet from $107.00 to $126.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. JPMorgan Chase & Co. increased their target price on shares of Ollie’s Bargain Outlet from $105.00 to $135.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $130.00 target price on shares of Ollie’s Bargain Outlet in a report on Monday, December 23rd. Finally, Craig Hallum boosted their price target on Ollie’s Bargain Outlet from $107.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $118.07.

Insiders Place Their Bets

In related news, SVP James J. Comitale sold 5,325 shares of Ollie’s Bargain Outlet 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 transaction, the senior vice president now directly owns 3,140 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which is available through the SEC website. Also, SVP Larry Kraus sold 10,646 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $115.58, for a total value of $1,230,464.68. Following the completion of the sale, the senior vice president now owns 1,905 shares in the company, valued at $220,179.90. The trade was a 84.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 78,939 shares of company stock valued at $8,745,031 in the last ninety days. 0.87% of the stock is currently owned by insiders.

Ollie’s Bargain Outlet Stock Performance

Shares of OLLI opened at $105.38 on Thursday. Ollie’s Bargain Outlet Holdings, Inc. has a 52-week low of $68.05 and a 52-week high of $120.03. The business’s fifty day moving average is $106.84 and its 200-day moving average is $100.84. The firm has a market cap of $6.46 billion, a price-to-earnings ratio of 31.46, a PEG ratio of 2.21 and a beta of 0.81.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings results on Tuesday, December 10th. The company reported $0.58 EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $518.83 million. During the same period in the prior year, the company earned $0.51 EPS. Ollie’s Bargain Outlet’s revenue was up 7.8% compared to the same quarter last year. 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 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.