American Century Companies Inc. Sells 205,730 Shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

American Century Companies Inc. decreased its holdings in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 31.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 454,328 shares of the company's stock after selling 205,730 shares during the quarter. American Century Companies Inc. owned approximately 0.74% of Ollie's Bargain Outlet worth $49,854,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Wilmington Savings Fund Society FSB lifted its holdings in Ollie's Bargain Outlet by 337.0% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 236 shares of the company's stock worth $26,000 after buying an additional 182 shares during the period. Bogart Wealth LLC acquired a new position in shares of Ollie's Bargain Outlet in the fourth quarter worth approximately $26,000. Blue Trust Inc. boosted its holdings in Ollie's Bargain Outlet by 55.2% in the fourth quarter. Blue Trust Inc. now owns 284 shares of the company's stock valued at $31,000 after acquiring an additional 101 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in Ollie's Bargain Outlet during the 4th quarter valued at approximately $41,000. Finally, Tortoise Investment Management LLC bought a new position in Ollie's Bargain Outlet during the 4th quarter worth approximately $45,000.

Ollie's Bargain Outlet Stock Performance

OLLI stock traded up $0.17 during mid-day trading on Friday, hitting $113.24. The company had a trading volume of 923,401 shares, compared to its average volume of 1,107,502. Ollie's Bargain Outlet Holdings, Inc. has a 12 month low of $68.05 and a 12 month high of $120.03. The stock's fifty day moving average price is $105.96 and its two-hundred day moving average price is $102.35. The firm has a market cap of $6.94 billion, a PE ratio of 33.80, a price-to-earnings-growth ratio of 2.21 and a beta of 0.83.

Remove Ads

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

Analyst Upgrades and Downgrades

A number of analysts have commented on OLLI shares. Jefferies Financial Group downgraded Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and decreased their price target for the stock from $125.00 to $111.00 in a report on Tuesday, February 4th. JPMorgan Chase & Co. upped their target price on Ollie's Bargain Outlet from $105.00 to $135.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 11th. Royal Bank of Canada boosted 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 research note on Friday, March 7th. StockNews.com cut shares of Ollie's Bargain Outlet from a "hold" rating to a "sell" rating in a research report on Tuesday, February 4th. Finally, Craig Hallum increased their price target on Ollie's Bargain Outlet from $107.00 to $130.00 and gave the company a "buy" rating in a research report on Wednesday, December 11th. 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 company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $123.08.

Insider Transactions at Ollie's Bargain Outlet

In other news, CFO Robert F. Helm sold 2,145 shares of Ollie's Bargain Outlet stock in a transaction on Monday, March 24th. The shares were sold at an average price of $108.50, for a total transaction of $232,732.50. Following the completion of the sale, the chief financial officer now directly owns 3,888 shares of the company's stock, valued at approximately $421,848. The trade was a 35.55 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman John W. Swygert sold 5,232 shares of the company's stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $112.51, for a total value of $588,652.32. Following the completion of the transaction, the chairman now owns 48,200 shares of the company's stock, valued at $5,422,982. The trade was a 9.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,153 shares of company stock valued at $2,200,844. 0.87% of the stock is currently owned by company insiders.

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.