Alliancebernstein L.P. Grows Stock Position in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Alliancebernstein L.P. increased its holdings in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 12.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,629,572 shares of the company's stock after acquiring an additional 186,313 shares during the period. Alliancebernstein L.P. owned approximately 2.66% of Ollie's Bargain Outlet worth $178,813,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Brown Brothers Harriman & Co. acquired a new position in shares of Ollie's Bargain Outlet during the 4th quarter worth $33,000. Orion Portfolio Solutions LLC grew its position in Ollie's Bargain Outlet by 79.7% during the fourth quarter. Orion Portfolio Solutions LLC now owns 8,280 shares of the company's stock worth $909,000 after buying an additional 3,672 shares during the period. Premier Fund Managers Ltd purchased a new position in Ollie's Bargain Outlet in the fourth quarter valued at about $496,000. Pictet Asset Management Holding SA lifted its position in shares of Ollie's Bargain Outlet by 8.2% during the 4th quarter. Pictet Asset Management Holding SA now owns 8,675 shares of the company's stock valued at $952,000 after acquiring an additional 654 shares during the period. Finally, Norges Bank acquired a new stake in shares of Ollie's Bargain Outlet in the 4th quarter worth approximately $80,741,000.

Ollie's Bargain Outlet Price Performance

NASDAQ:OLLI traded down $0.74 during mid-day trading on Thursday, reaching $117.46. The company's stock had a trading volume of 1,574,078 shares, compared to its average volume of 1,109,059. Ollie's Bargain Outlet Holdings, Inc. has a twelve month low of $68.83 and a twelve month high of $120.03. The company's fifty day simple moving average is $106.41 and its two-hundred day simple moving average is $102.80. The stock has a market cap of $7.19 billion, a P/E ratio of 35.06, a P/E/G ratio of 2.21 and a beta of 0.83.

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Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last issued its quarterly earnings results on Wednesday, March 19th. The company reported $1.19 EPS for the quarter, missing the consensus estimate of $1.20 by ($0.01). The company had revenue of $667.10 million for the quarter, compared to analyst estimates of $674.61 million. Ollie's Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The business's revenue for the quarter was up 2.8% on a year-over-year basis. During the same period last year, the company posted $1.23 EPS. Sell-side analysts expect that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

Insider Buying and Selling at Ollie's Bargain Outlet

In other Ollie's Bargain Outlet news, SVP James J. Comitale sold 5,485 shares of the business's stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $113.53, for a total transaction of $622,712.05. Following the completion of the sale, the senior vice president now directly owns 4,621 shares in the company, valued at $524,622.13. The trade was a 54.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert Fisch sold 6,250 shares of the firm's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $108.08, for a total transaction of $675,500.00. Following the completion of the transaction, the director now directly owns 22,159 shares in the company, valued at approximately $2,394,944.72. This represents a 22.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 34,254 shares of company stock valued at $3,812,800. Company insiders own 0.87% of the company's stock.

Analysts Set New Price Targets

OLLI has been the subject of several research reports. Bank of America lifted their price objective on Ollie's Bargain Outlet from $115.00 to $130.00 and gave the stock a "buy" rating in a report on Wednesday, December 11th. Jefferies Financial Group lowered shares of Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $125.00 to $111.00 in a research report on Tuesday, February 4th. Morgan Stanley raised their target price on shares of Ollie's Bargain Outlet from $108.00 to $118.00 and gave the company an "equal weight" rating in a report on Thursday, March 20th. Royal Bank of Canada upped their price target on shares of Ollie's Bargain Outlet from $130.00 to $133.00 and gave the company an "outperform" rating in a report on Friday, March 7th. Finally, UBS Group raised their price objective on shares of Ollie's Bargain Outlet from $117.00 to $123.00 and gave the stock a "neutral" rating in a research note on Thursday, March 20th. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Ollie's Bargain Outlet presently has a consensus rating of "Moderate Buy" and an average target price of $123.08.

Ollie's Bargain Outlet Company Profile

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.