O Neil Global Advisors Inc. bought a new stake in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI – Get Rating) in the 2nd quarter, Holdings Channel.com reports. The firm bought 4,724 shares of the company's stock, valued at approximately $278,000. Ollie's Bargain Outlet accounts for about 1.2% of O Neil Global Advisors Inc.'s portfolio, making the stock its 22nd largest position.

Several other hedge funds have also bought and sold shares of OLLI. Price T Rowe Associates Inc. MD raised its holdings in Ollie's Bargain Outlet by 14.9% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 4,006,215 shares of the company's stock valued at $235,365,000 after acquiring an additional 518,390 shares during the period. Bank of New York Mellon Corp raised its holdings in Ollie's Bargain Outlet by 52.7% in the 1st quarter. Bank of New York Mellon Corp now owns 1,797,053 shares of the company's stock valued at $77,201,000 after acquiring an additional 620,546 shares during the period. State Street Corp raised its holdings in Ollie's Bargain Outlet by 1.2% in the 1st quarter. State Street Corp now owns 1,691,148 shares of the company's stock valued at $72,652,000 after acquiring an additional 19,381 shares during the period. Royal London Asset Management Ltd. raised its holdings in Ollie's Bargain Outlet by 37.2% in the 2nd quarter. Royal London Asset Management Ltd. now owns 1,318,101 shares of the company's stock valued at $77,471,000 after acquiring an additional 357,499 shares during the period. Finally, Wolf Hill Capital Management LP bought a new position in Ollie's Bargain Outlet in the 1st quarter valued at about $34,979,000.

Analyst Upgrades and Downgrades

OLLI has been the topic of several research analyst reports. JPMorgan Chase & Co. increased their price target on shares of Ollie's Bargain Outlet from $40.00 to $54.00 in a report on Friday, September 16th. Gordon Haskett cut shares of Ollie's Bargain Outlet from a "buy" rating to an "accumulate" rating and set a $53.00 target price on the stock. in a report on Thursday, December 8th. StockNews.com cut shares of Ollie's Bargain Outlet from a "hold" rating to a "sell" rating in a report on Saturday, November 12th. UBS Group lowered their target price on shares of Ollie's Bargain Outlet to $54.00 in a report on Monday. Finally, Loop Capital lowered their target price on shares of Ollie's Bargain Outlet from $50.00 to $45.00 in a report on Thursday, December 8th. One analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $59.40.

Ollie's Bargain Outlet Price Performance

Ollie's Bargain Outlet Profile

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Ollie's Bargain Outlet Holdings, Inc operates as a retailer of brand name merchandise. 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.

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