Fifth Third Bancorp acquired a new stake in Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 898 shares of the company’s stock, valued at approximately $42,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in OLLI. Assetmark Inc. acquired a new stake in shares of Ollie’s Bargain Outlet in the fourth quarter valued at $34,000. Point72 Hong Kong Ltd purchased a new position in Ollie’s Bargain Outlet in the fourth quarter valued at $44,000. First Horizon Advisors Inc. increased its holdings in Ollie’s Bargain Outlet by 100.0% in the first quarter. First Horizon Advisors Inc. now owns 1,022 shares of the company’s stock valued at $47,000 after buying an additional 511 shares during the last quarter. Parkside Financial Bank & Trust purchased a new position in Ollie’s Bargain Outlet in the first quarter valued at $67,000. Finally, Quantbot Technologies LP purchased a new position in Ollie’s Bargain Outlet in the fourth quarter valued at $77,000.

Shares of OLLI stock opened at $85.61 on Friday. Ollie’s Bargain Outlet Holdings Inc has a 1 year low of $28.83 and a 1 year high of $103.03. The firm has a market cap of $5.32 billion, a price-to-earnings ratio of 39.82, a PEG ratio of 2.16 and a beta of 1.25. The stock’s 50-day moving average is $62.30 and its two-hundred day moving average is $58.38. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.55 and a current ratio of 2.44.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its earnings results on Thursday, March 19th. The company reported $0.74 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.02). Ollie’s Bargain Outlet had a return on equity of 12.69% and a net margin of 10.02%. The business had revenue of $422.43 million for the quarter, compared to analyst estimates of $439.08 million. During the same quarter last year, the company posted $0.71 EPS. Ollie’s Bargain Outlet’s quarterly revenue was up 7.2% on a year-over-year basis. As a group, research analysts predict that Ollie’s Bargain Outlet Holdings Inc will post 1.89 EPS for the current year.

OLLI has been the topic of several recent analyst reports. BidaskClub raised Ollie’s Bargain Outlet from a “buy” rating to a “strong-buy” rating in a report on Wednesday, April 29th. Royal Bank of Canada increased their target price on Ollie’s Bargain Outlet from $44.00 to $57.00 and gave the company an “outperform” rating in a report on Friday, April 3rd. Morgan Stanley dropped their target price on Ollie’s Bargain Outlet from $55.00 to $45.00 and set an “equal weight” rating on the stock in a report on Monday, March 23rd. Stephens dropped their target price on Ollie’s Bargain Outlet from $75.00 to $54.00 and set an “overweight” rating on the stock in a report on Friday, March 20th. Finally, Piper Sandler increased their target price on Ollie’s Bargain Outlet from $67.00 to $82.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Seven analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $67.94.

In other news, SVP Omar Segura sold 16,190 shares of the stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $45.00, for a total transaction of $728,550.00. Following the completion of the sale, the senior vice president now owns 16,796 shares in the company, valued at $755,820. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO John W. Swygert sold 1,538 shares of the stock in a transaction dated Monday, March 30th. The stock was sold at an average price of $43.33, for a total transaction of $66,641.54. Following the sale, the chief executive officer now owns 27,278 shares of the company’s stock, valued at approximately $1,181,955.74. The disclosure for this sale can be found here. Insiders have sold 68,790 shares of company stock valued at $4,324,917 in the last quarter. Insiders own 16.36% of the company’s stock.

About Ollie’s Bargain Outlet

Ollie's Bargain Outlet Holdings, Inc operates as a retailer of brand name merchandise. The company offers food products, housewares, books and stationery, bed and bath products, health and beauty products, floor coverings, electronics, and toys; and other products, including hardware, personal health care, candy, clothing, sporting, pet and lawn, and garden products.

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Institutional Ownership by Quarter for Ollie`s Bargain Outlet (NASDAQ:OLLI)

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