B. Metzler seel. Sohn & Co. AG Sells 3,731 Shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

B. Metzler seel. Sohn & Co. AG lessened its position in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 9.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 36,050 shares of the company's stock after selling 3,731 shares during the period. B. Metzler seel. Sohn & Co. AG owned approximately 0.06% of Ollie's Bargain Outlet worth $3,956,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Ollie's Bargain Outlet by 489.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 230 shares of the company's stock worth $25,000 after acquiring an additional 191 shares in the last quarter. Wilmington Savings Fund Society FSB raised its holdings in shares of Ollie's Bargain Outlet by 337.0% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 236 shares of the company's stock worth $26,000 after purchasing an additional 182 shares in the last quarter. Bogart Wealth LLC acquired a new stake in Ollie's Bargain Outlet during the fourth quarter valued at approximately $26,000. Blue Trust Inc. boosted its holdings in Ollie's Bargain Outlet by 55.2% during the fourth quarter. Blue Trust Inc. now owns 284 shares of the company's stock worth $31,000 after buying an additional 101 shares in the last quarter. Finally, Brown Brothers Harriman & Co. bought a new position in shares of Ollie's Bargain Outlet in the fourth quarter valued at $33,000.

Insiders Place Their Bets

In other news, Director Robert Fisch sold 6,250 shares of Ollie's Bargain Outlet stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $108.08, for a total transaction of $675,500.00. Following the sale, the director now directly owns 22,159 shares in the company, valued at approximately $2,394,944.72. The trade was a 22.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Kevin Mclain sold 4,799 shares of the stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $115.56, for a total transaction of $554,572.44. Following the completion of the transaction, the senior vice president now directly owns 12,336 shares of the company's stock, valued at $1,425,548.16. This trade represents a 28.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 34,254 shares of company stock worth $3,812,800 over the last 90 days. Corporate insiders own 0.87% of the company's stock.

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Wall Street Analyst Weigh In

Several research firms have recently weighed in on OLLI. JPMorgan Chase & Co. raised their price objective on Ollie's Bargain Outlet from $105.00 to $135.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 11th. 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. Loop Capital upped their price objective on shares of Ollie's Bargain Outlet from $120.00 to $130.00 and gave the company a "buy" rating in a research note on Monday, December 23rd. StockNews.com downgraded shares of Ollie's Bargain Outlet from a "hold" rating to a "sell" rating in a research report on Tuesday, February 4th. Finally, Bank of America boosted their target price on shares of Ollie's Bargain Outlet from $115.00 to $130.00 and gave the company a "buy" rating in a research note on Wednesday, December 11th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $123.08.

Ollie's Bargain Outlet Stock Performance

Shares of NASDAQ:OLLI traded down $0.74 on Thursday, hitting $117.46. 1,574,078 shares of the company were exchanged, compared to its average volume of 1,110,372. The company's 50 day moving average price is $106.30 and its two-hundred day moving average price is $102.70. Ollie's Bargain Outlet Holdings, Inc. has a one year low of $68.05 and a one year high of $120.03. The firm has a market capitalization of $7.19 billion, a price-to-earnings ratio of 35.06, a PEG ratio of 2.21 and a beta of 0.83.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last posted 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). Ollie's Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. The firm had revenue of $667.10 million during the quarter, compared to analyst estimates of $674.61 million. During the same period last year, the company earned $1.23 EPS. The company's revenue was up 2.8% on a year-over-year basis. Research analysts predict that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

Ollie's Bargain Outlet 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.