Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Shares Sold by Corebridge Financial Inc.

Corebridge Financial Inc. reduced its stake in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 4.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 69,414 shares of the company's stock after selling 2,964 shares during the quarter. Corebridge Financial Inc. owned approximately 0.11% of Ollie's Bargain Outlet worth $7,617,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Ollie's Bargain Outlet by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 5,821,957 shares of the company's stock valued at $638,843,000 after acquiring an additional 70,496 shares in the last quarter. Congress Asset Management Co. raised its holdings in shares of Ollie's Bargain Outlet by 181.6% in the 4th quarter. Congress Asset Management Co. now owns 1,916,584 shares of the company's stock valued at $210,307,000 after purchasing an additional 1,235,994 shares in the last quarter. State Street Corp lifted its position in shares of Ollie's Bargain Outlet by 2.1% in the 3rd quarter. State Street Corp now owns 1,871,047 shares of the company's stock worth $181,866,000 after purchasing an additional 38,203 shares during the period. Geode Capital Management LLC boosted its stake in shares of Ollie's Bargain Outlet by 0.9% during the third quarter. Geode Capital Management LLC now owns 1,078,544 shares of the company's stock valued at $104,860,000 after purchasing an additional 9,492 shares in the last quarter. Finally, Fred Alger Management LLC increased its holdings in Ollie's Bargain Outlet by 12.1% during the third quarter. Fred Alger Management LLC now owns 772,145 shares of the company's stock valued at $75,052,000 after buying an additional 83,063 shares during the period.

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Ollie's Bargain Outlet Trading Up 3.4 %

OLLI stock traded up $3.90 during midday trading on Wednesday, hitting $118.45. 642,406 shares of the company's stock were exchanged, compared to its average volume of 1,105,110. Ollie's Bargain Outlet Holdings, Inc. has a 1-year low of $68.05 and a 1-year high of $120.03. The stock has a market capitalization of $7.25 billion, a PE ratio of 35.29, a P/E/G ratio of 2.21 and a beta of 0.83. The business has a 50-day simple moving average of $106.16 and a two-hundred day simple moving average of $102.59.

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

Insider Activity

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 stock was sold at an average price of $108.50, for a total value 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Robert Fisch sold 6,250 shares of the 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 transaction, 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 disclosure for this sale can be found here. In the last three months, insiders have sold 20,153 shares of company stock valued at $2,200,844. Company insiders own 0.87% of the company's stock.

Analyst Ratings Changes

OLLI has been the topic of a number of analyst reports. Craig Hallum lifted their price target on Ollie's Bargain Outlet from $107.00 to $130.00 and gave the company a "buy" rating in a report on Wednesday, December 11th. Wells Fargo & Company lifted their target price on Ollie's Bargain Outlet from $95.00 to $105.00 and gave the company an "equal weight" rating in a research note on Wednesday, December 11th. Truist Financial increased their price target on shares of Ollie's Bargain Outlet from $109.00 to $121.00 and gave the company a "buy" rating in a research report on Wednesday, December 11th. JPMorgan Chase & Co. boosted their price objective on shares of 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. Finally, Jefferies Financial Group lowered shares of Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and cut their price target for the stock from $125.00 to $111.00 in a report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $123.08.

About Ollie's Bargain Outlet

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.