Peregrine Capital Management LLC Decreases Stock Holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Peregrine Capital Management LLC reduced its holdings in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI – Get Rating) by 2.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 173,836 shares of the company’s stock after selling 5,254 shares during the period. Peregrine Capital Management LLC owned about 0.28% of Ollie’s Bargain Outlet worth $8,142,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wipfli Financial Advisors LLC purchased a new stake in Ollie’s Bargain Outlet during the third quarter valued at approximately $36,000. IFP Advisors Inc increased its holdings in Ollie’s Bargain Outlet by 470.7% during the third quarter. IFP Advisors Inc now owns 799 shares of the company’s stock valued at $59,000 after buying an additional 659 shares during the last quarter. Alaska Permanent Fund Corp increased its holdings in Ollie’s Bargain Outlet by 1,573.5% during the third quarter. Alaska Permanent Fund Corp now owns 820 shares of the company’s stock valued at $42,000 after buying an additional 771 shares during the last quarter. Pinnacle Financial Partners Inc. purchased a new stake in Ollie’s Bargain Outlet during the third quarter valued at approximately $55,000. Finally, Quadrant Capital Group LLC boosted its position in shares of Ollie’s Bargain Outlet by 34.3% in the third quarter. Quadrant Capital Group LLC now owns 1,111 shares of the company’s stock worth $57,000 after purchasing an additional 284 shares during the period.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on OLLI. Jefferies Financial Group dropped their price target on shares of Ollie’s Bargain Outlet from $65.00 to $60.00 in a research report on Thursday, December 8th. Truist Financial dropped their price target on shares of Ollie’s Bargain Outlet from $50.00 to $46.00 in a research report on Thursday, December 8th. Citigroup dropped their price target on shares of Ollie’s Bargain Outlet from $55.00 to $52.00 and set a “neutral” rating for the company in a research report on Thursday, December 8th. Piper Sandler upped their price target on shares of Ollie’s Bargain Outlet from $60.00 to $72.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 28th. Finally, UBS Group dropped their price target on shares of Ollie’s Bargain Outlet to $54.00 in a research report on Monday, December 12th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Ollie’s Bargain Outlet currently has an average rating of “Moderate Buy” and a consensus price target of $60.67.

Ollie’s Bargain Outlet Stock Performance

NASDAQ:OLLI opened at $51.94 on Friday. Ollie’s Bargain Outlet Holdings, Inc. has a fifty-two week low of $39.60 and a fifty-two week high of $72.27. The stock has a market capitalization of $3.23 billion, a P/E ratio of 34.63, a P/E/G ratio of 1.82 and a beta of 0.96. The company’s 50-day simple moving average is $55.16 and its 200-day simple moving average is $54.57.

Ollie’s Bargain Outlet Profile

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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.