Raymond James Financial Services Advisors Inc. Has $496,000 Holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Raymond James Financial Services Advisors Inc. boosted its stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 9.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,535 shares of the company’s stock after purchasing an additional 564 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Ollie’s Bargain Outlet were worth $496,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Treasurer of the State of North Carolina raised its stake in Ollie’s Bargain Outlet by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 27,065 shares of the company’s stock worth $2,089,000 after acquiring an additional 140 shares in the last quarter. Precision Wealth Strategies LLC raised its stake in Ollie’s Bargain Outlet by 3.0% during the third quarter. Precision Wealth Strategies LLC now owns 5,179 shares of the company’s stock worth $400,000 after acquiring an additional 149 shares in the last quarter. Teacher Retirement System of Texas raised its stake in Ollie’s Bargain Outlet by 0.7% during the third quarter. Teacher Retirement System of Texas now owns 22,294 shares of the company’s stock worth $1,721,000 after acquiring an additional 151 shares in the last quarter. Sheets Smith Wealth Management raised its stake in Ollie’s Bargain Outlet by 2.5% during the third quarter. Sheets Smith Wealth Management now owns 6,461 shares of the company’s stock worth $499,000 after acquiring an additional 158 shares in the last quarter. Finally, Diversified Trust Co raised its stake in Ollie’s Bargain Outlet by 4.8% during the fourth quarter. Diversified Trust Co now owns 3,636 shares of the company’s stock worth $276,000 after acquiring an additional 168 shares in the last quarter.

Wall Street Analyst Weigh In

Several research analysts have commented on OLLI shares. Loop Capital raised Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and boosted their target price for the stock from $80.00 to $90.00 in a research note on Friday, April 5th. Truist Financial boosted their price target on Ollie’s Bargain Outlet from $78.00 to $80.00 and gave the stock a “hold” rating in a report on Thursday, March 21st. Royal Bank of Canada restated an “outperform” rating and set a $86.00 price target on shares of Ollie’s Bargain Outlet in a report on Thursday, March 21st. Craig Hallum upped their target price on Ollie’s Bargain Outlet from $98.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, March 21st. Finally, The Goldman Sachs Group upped their target price on Ollie’s Bargain Outlet from $91.00 to $104.00 and gave the company a “buy” rating in a report on Thursday, March 21st. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Ollie’s Bargain Outlet currently has an average rating of “Moderate Buy” and an average target price of $84.92.

Insider Transactions at Ollie’s Bargain Outlet

In other news, CEO John W. Swygert sold 11,756 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $75.22, for a total transaction of $884,286.32. Following the transaction, the chief executive officer now directly owns 48,200 shares of the company’s stock, valued at $3,625,604. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO John W. Swygert sold 11,756 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $75.22, for a total transaction of $884,286.32. Following the transaction, the chief executive officer now directly owns 48,200 shares of the company’s stock, valued at $3,625,604. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John W. Swygert sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $82.57, for a total value of $412,850.00. Following the transaction, the chief executive officer now directly owns 48,200 shares in the company, valued at $3,979,874. The disclosure for this sale can be found here. Insiders have sold 22,171 shares of company stock valued at $1,722,888 over the last ninety days. 0.86% of the stock is owned by company insiders.

Ollie’s Bargain Outlet Stock Performance

Ollie’s Bargain Outlet stock opened at $73.21 on Friday. The stock has a market capitalization of $4.49 billion, a price-to-earnings ratio of 25.07 and a beta of 0.76. Ollie’s Bargain Outlet Holdings, Inc. has a 52-week low of $52.93 and a 52-week high of $84.38. The stock’s 50 day moving average price is $76.07 and its two-hundred day moving average price is $75.09.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings results on Wednesday, March 20th. The company reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.07. The firm had revenue of $648.90 million for the quarter, compared to analysts’ expectations of $649.39 million. Ollie’s Bargain Outlet had a return on equity of 12.55% and a net margin of 8.63%. The company’s revenue for the quarter was up 18.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.84 EPS. On average, equities research analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.18 EPS for the current year.

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.