Bank of Nova Scotia Has $1.38 Million Stake in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Bank of Nova Scotia raised its stake in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 213.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 12,595 shares of the company's stock after purchasing an additional 8,571 shares during the period. Bank of Nova Scotia's holdings in Ollie's Bargain Outlet were worth $1,382,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Legacy Capital Wealth Partners LLC raised its stake in Ollie's Bargain Outlet by 3.4% during the fourth quarter. Legacy Capital Wealth Partners LLC now owns 2,834 shares of the company's stock worth $311,000 after acquiring an additional 94 shares during the period. Blue Trust Inc. grew its position in shares of 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 acquiring an additional 101 shares during the last quarter. UMB Bank n.a. lifted its position in Ollie's Bargain Outlet by 25.3% in the 4th quarter. UMB Bank n.a. now owns 545 shares of the company's stock valued at $60,000 after purchasing an additional 110 shares during the last quarter. Precision Wealth Strategies LLC grew its position in Ollie's Bargain Outlet by 3.2% in the 4th quarter. Precision Wealth Strategies LLC now owns 3,889 shares of the company's stock worth $427,000 after purchasing an additional 119 shares during the last quarter. Finally, Pitcairn Co. raised its stake in shares of Ollie's Bargain Outlet by 1.7% during the fourth quarter. Pitcairn Co. now owns 7,244 shares of the company's stock valued at $795,000 after purchasing an additional 120 shares in the last quarter.

Ollie's Bargain Outlet Price Performance

Shares of OLLI traded up $1.98 during trading hours on Friday, hitting $111.95. The stock had a trading volume of 1,118,807 shares, compared to its average volume of 1,130,959. The stock has a market capitalization of $6.86 billion, a price-to-earnings ratio of 33.42, a P/E/G ratio of 2.21 and a beta of 0.75. The company's fifty day moving average is $106.72 and its two-hundred day moving average is $103.73. Ollie's Bargain Outlet Holdings, Inc. has a 52 week low of $70.17 and a 52 week high of $120.03.

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

Insider Activity at Ollie's Bargain Outlet

In other Ollie's Bargain Outlet news, Director Robert Fisch sold 6,250 shares of the company's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $108.08, for a total value of $675,500.00. Following the completion of the transaction, the director now owns 22,159 shares of the company's stock, valued at $2,394,944.72. This represents a 22.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Robert F. Helm sold 312 shares of Ollie's Bargain Outlet stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $107.17, for a total value of $33,437.04. Following the sale, the chief financial officer now directly owns 3,273 shares in the company, valued at $350,767.41. The trade was a 8.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 37,897 shares of company stock worth $4,227,970 over the last 90 days. Insiders own 0.87% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Jefferies Financial Group lowered Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and lowered their target price for the stock from $125.00 to $111.00 in a report on Tuesday, February 4th. UBS Group upped their price target on Ollie's Bargain Outlet from $117.00 to $123.00 and gave the company a "neutral" rating in a report on Thursday, March 20th. Loop Capital boosted their target price on Ollie's Bargain Outlet from $120.00 to $130.00 and gave the stock a "buy" rating in a research report on Monday, December 23rd. Morgan Stanley raised their price objective on shares of Ollie's Bargain Outlet from $108.00 to $118.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 20th. Finally, Royal Bank of Canada upped their price target on Ollie's Bargain Outlet from $130.00 to $133.00 and gave the company an "outperform" rating in a research report on Friday, March 7th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target 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.