Primecap Management Co. CA Decreases Position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Primecap Management Co. CA trimmed its holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 0.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 481,510 shares of the company’s stock after selling 1,590 shares during the period. Primecap Management Co. CA’s holdings in Ollie’s Bargain Outlet were worth $52,836,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of OLLI. Wilmington Savings Fund Society FSB grew its stake in Ollie’s Bargain Outlet by 337.0% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 236 shares of the company’s stock valued at $26,000 after buying an additional 182 shares in the last quarter. Bogart Wealth LLC purchased a new position in Ollie’s Bargain Outlet in the 4th quarter valued at approximately $26,000. Blue Trust Inc. grew its stake in Ollie’s Bargain Outlet by 55.2% in the 4th quarter. Blue Trust Inc. now owns 284 shares of the company’s stock valued at $31,000 after buying an additional 101 shares in the last quarter. Tortoise Investment Management LLC bought a new position in Ollie’s Bargain Outlet in the 4th quarter valued at $45,000. Finally, Arcadia Investment Management Corp MI bought a new position in Ollie’s Bargain Outlet in the 4th quarter valued at $58,000.

Analyst Upgrades and Downgrades

Several research analysts have commented on OLLI shares. StockNews.com downgraded shares of Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a report on Tuesday, February 4th. 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. Jefferies Financial Group downgraded shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and cut their price target for the company from $125.00 to $111.00 in a report on Tuesday, February 4th. Truist Financial lifted 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, JPMorgan Chase & Co. lifted their price objective on shares of Ollie’s Bargain Outlet from $105.00 to $135.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $118.29.

Ollie’s Bargain Outlet Trading Down 4.1 %

OLLI stock opened at $99.06 on Wednesday. The firm’s 50-day moving average price is $105.06 and its two-hundred day moving average price is $101.33. Ollie’s Bargain Outlet Holdings, Inc. has a 12-month low of $68.05 and a 12-month high of $120.03. The stock has a market capitalization of $6.07 billion, a price-to-earnings ratio of 29.57, a PEG ratio of 2.21 and a beta of 0.83.

About Ollie’s Bargain Outlet

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.