YHB Investment Advisors Inc. Buys Shares of 1,831 Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

YHB Investment Advisors Inc. bought a new position in 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 and Exchange Commission (SEC). The institutional investor bought 1,831 shares of the company’s stock, valued at approximately $201,000.

A number of other hedge funds also recently made changes to their positions in the stock. State Street Corp boosted its position in Ollie’s Bargain Outlet by 2.1% in the third quarter. State Street Corp now owns 1,871,047 shares of the company’s stock valued at $181,866,000 after buying an additional 38,203 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Ollie’s Bargain Outlet by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,078,544 shares of the company’s stock valued at $104,860,000 after acquiring an additional 9,492 shares in the last quarter. Geneva Capital Management LLC boosted its holdings in shares of Ollie’s Bargain Outlet by 1.3% during the 3rd quarter. Geneva Capital Management LLC now owns 1,050,469 shares of the company’s stock valued at $102,106,000 after acquiring an additional 13,369 shares in the last quarter. Fred Alger Management LLC grew its position in Ollie’s Bargain Outlet by 12.1% during the 3rd quarter. Fred Alger Management LLC now owns 772,145 shares of the company’s stock worth $75,052,000 after acquiring an additional 83,063 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased 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 worth $73,256,000 after purchasing an additional 5,438 shares in the last quarter.

Wall Street Analyst Weigh In

OLLI has been the topic of several research reports. JPMorgan Chase & Co. boosted their price target on Ollie’s Bargain Outlet from $105.00 to $135.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Wells Fargo & Company boosted their target price on shares of 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. 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 research note on Monday, December 23rd. StockNews.com raised shares of Ollie’s Bargain Outlet from a “sell” rating to a “hold” rating in a research note on Thursday, January 23rd. Finally, Citigroup raised Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and raised their target price for the stock from $64.00 to $133.00 in a research report on Wednesday, December 18th. 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 company currently has a consensus rating of “Moderate Buy” and an average target price of $118.62.

Insider Buying and Selling at Ollie’s Bargain Outlet

In related news, CEO John W. Swygert sold 4,800 shares of the stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $102.60, for a total value of $492,480.00. Following the transaction, the chief executive officer now directly owns 48,200 shares in the company, valued at $4,945,320. This trade represents a 9.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Thomas Hendrickson sold 6,250 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $114.74, for a total transaction of $717,125.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 87,771 shares of company stock valued at $9,650,832. Corporate insiders own 0.87% of the company’s stock.

Ollie’s Bargain Outlet Price Performance

NASDAQ OLLI opened at $113.85 on Wednesday. The stock has a market capitalization of $6.98 billion, a P/E ratio of 33.99, a P/E/G ratio of 2.75 and a beta of 0.82. The business has a 50 day simple moving average of $107.13 and a 200 day simple moving average of $99.30. Ollie’s Bargain Outlet Holdings, Inc. has a one year low of $68.05 and a one year high of $120.03.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings data on Tuesday, December 10th. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.57 by $0.01. Ollie’s Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. The company had revenue of $517.43 million during the quarter, compared to the consensus estimate of $518.83 million. During the same quarter last year, the firm posted $0.51 EPS. The company’s quarterly revenue was up 7.8% on a year-over-year basis. Equities analysts expect 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.