Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Shares Bought by Barclays PLC

Barclays PLC lifted its holdings in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 75.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 72,671 shares of the company's stock after buying an additional 31,364 shares during the period. Barclays PLC owned about 0.12% of Ollie's Bargain Outlet worth $7,976,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Congress Asset Management Co. grew its holdings in shares of Ollie's Bargain Outlet by 181.6% in the fourth quarter. Congress Asset Management Co. now owns 1,916,584 shares of the company's stock worth $210,307,000 after purchasing an additional 1,235,994 shares during the last quarter. Norges Bank bought a new position in shares of Ollie's Bargain Outlet during the 4th quarter worth approximately $80,741,000. Stephens Investment Management Group LLC purchased a new stake in shares of Ollie's Bargain Outlet during the 4th quarter valued at $78,356,000. Raymond James Financial Inc. purchased a new stake in shares of Ollie's Bargain Outlet during the fourth quarter worth about $48,633,000. Finally, Envestnet Asset Management Inc. raised its position in shares of Ollie's Bargain Outlet by 103.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 487,774 shares of the company's stock valued at $53,523,000 after purchasing an additional 247,852 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on OLLI shares. Jefferies Financial Group lowered Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and cut their price objective for the company from $125.00 to $111.00 in a report on Tuesday, February 4th. Morgan Stanley increased 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 research report on Thursday, March 20th. Piper Sandler lowered their price objective on Ollie's Bargain Outlet from $126.00 to $124.00 and set an "overweight" rating on the stock in a research note on Thursday, March 20th. UBS Group boosted their target price on shares of Ollie's Bargain Outlet from $117.00 to $123.00 and gave the company a "neutral" rating in a report on Thursday, March 20th. Finally, StockNews.com downgraded Ollie's Bargain Outlet from a "hold" rating to a "sell" rating in a research report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $123.08.

Ollie's Bargain Outlet Trading Up 1.8 %

Shares of OLLI stock traded up $1.87 on Friday, reaching $107.31. 969,182 shares of the stock were exchanged, compared to its average volume of 1,148,511. The company has a market capitalization of $6.57 billion, a price-to-earnings ratio of 32.03, a PEG ratio of 2.21 and a beta of 0.75. The business's 50 day moving average price is $106.98 and its 200 day moving average price is $104.35. Ollie's Bargain Outlet Holdings, Inc. has a twelve month low of $70.17 and a twelve month high of $120.03.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last announced its quarterly 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 business had revenue of $667.10 million for the quarter, compared to analysts' expectations of $674.61 million. During the same period last year, the firm earned $1.23 earnings per share. The firm's quarterly revenue was up 2.8% on a year-over-year basis. Equities research analysts forecast that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

Insider Transactions at Ollie's Bargain Outlet

In other news, CFO Robert F. Helm sold 312 shares of the firm's stock in a transaction on Monday, April 7th. The stock was sold at an average price of $107.17, for a total value of $33,437.04. Following the completion of the transaction, the chief financial officer now owns 3,273 shares in the company, valued at $350,767.41. This trade represents a 8.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robert Fisch sold 6,250 shares of the company's 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 completion of the sale, the director now directly owns 22,159 shares in the company, valued at $2,394,944.72. This trade represents a 22.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 37,897 shares of company stock worth $4,227,970. Company insiders own 0.87% of the company's stock.

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.