Park Place Capital Corp Buys New Shares in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Park Place Capital Corp bought a new position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 698 shares of the company’s stock, valued at approximately $77,000.

Several other institutional investors and hedge funds have also bought and sold shares of OLLI. Royce & Associates LP increased its position in Ollie’s Bargain Outlet by 161.6% during the 3rd quarter. Royce & Associates LP now owns 75,605 shares of the company’s stock valued at $7,349,000 after purchasing an additional 46,706 shares during the period. Oak Thistle LLC purchased a new stake in Ollie’s Bargain Outlet in the 4th quarter worth about $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 worth $18,400,000 after purchasing an additional 83,882 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Ollie’s Bargain Outlet by 0.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 753,658 shares of the company’s stock valued at $73,256,000 after acquiring an additional 5,438 shares during the last quarter. Finally, Fred Alger Management LLC lifted its position in Ollie’s Bargain Outlet by 12.1% in the 3rd quarter. Fred Alger Management LLC now owns 772,145 shares of the company’s stock worth $75,052,000 after buying an additional 83,063 shares during the last quarter.

Analysts Set New Price Targets

OLLI has been the topic of several analyst reports. Wells Fargo & Company boosted their target price on Ollie’s Bargain Outlet from $95.00 to $105.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 11th. Royal Bank of Canada reissued an “outperform” rating and set a $130.00 price target on shares of Ollie’s Bargain Outlet in a research note on Monday, December 23rd. StockNews.com raised Ollie’s Bargain Outlet from a “sell” rating to a “hold” rating in a research note on Thursday. Citigroup upgraded Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and raised their price objective for the stock from $64.00 to $133.00 in a report on Wednesday, December 18th. Finally, Truist Financial lifted their price target on Ollie’s Bargain Outlet from $109.00 to $121.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $118.62.

Insider Activity

In other Ollie’s Bargain Outlet news, Director Thomas Hendrickson sold 6,250 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $114.74, for a total value of $717,125.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO John W. Swygert sold 54,318 shares of Ollie’s Bargain Outlet stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $109.44, for a total transaction of $5,944,561.92. Following the sale, the chief executive officer now owns 48,200 shares in the company, valued at approximately $5,275,008. This trade represents a 52.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 87,771 shares of company stock worth $9,650,832. 0.87% of the stock is owned by corporate insiders.

Ollie’s Bargain Outlet Stock Down 2.1 %

OLLI opened at $111.27 on Thursday. The firm has a market cap of $6.82 billion, a price-to-earnings ratio of 33.22, a price-to-earnings-growth ratio of 2.81 and a beta of 0.82. Ollie’s Bargain Outlet Holdings, Inc. has a fifty-two week low of $68.05 and a fifty-two week high of $120.03. The company’s 50-day moving average price is $105.38 and its 200 day moving average price is $98.94.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings data on Tuesday, December 10th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.01. The business had revenue of $517.43 million during the quarter, compared to analysts’ expectations of $518.83 million. Ollie’s Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. The business’s revenue was up 7.8% on a year-over-year basis. During the same period last year, the firm posted $0.51 earnings per share. Research analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share 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.