45,277 Shares in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Purchased by EAM Investors LLC

EAM Investors LLC acquired a new position in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 45,277 shares of the company's stock, valued at approximately $4,968,000. EAM Investors LLC owned about 0.07% of Ollie's Bargain Outlet at the end of the most recent reporting period.

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

Insiders Place Their Bets

In other news, SVP Kevin Mclain sold 4,799 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $115.56, for a total value of $554,572.44. Following the transaction, the senior vice president now directly owns 12,336 shares of the company's stock, valued at $1,425,548.16. This represents a 28.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Robert F. Helm sold 2,145 shares of Ollie's Bargain Outlet stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $108.50, for a total transaction of $232,732.50. Following the sale, the chief financial officer now directly owns 3,888 shares of the company's stock, valued at $421,848. The trade was a 35.55 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 37,897 shares of company stock valued at $4,227,970 over the last 90 days. 0.87% of the stock is currently owned by insiders.

Ollie's Bargain Outlet Trading Up 1.8 %

Shares of Ollie's Bargain Outlet stock traded up $1.98 during trading hours on Friday, reaching $111.95. 1,118,807 shares of the company's stock were exchanged, compared to its average volume of 1,132,831. Ollie's Bargain Outlet Holdings, Inc. has a fifty-two week low of $70.17 and a fifty-two week high of $120.03. The stock has a market cap of $6.86 billion, a P/E ratio of 33.42, a P/E/G ratio of 2.21 and a beta of 0.75. The company has a 50 day moving average of $106.89 and a two-hundred day moving average of $103.85.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last announced its quarterly earnings data 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 the consensus estimate of $674.61 million. During the same quarter in the prior year, the company earned $1.23 EPS. The company's revenue for the quarter was up 2.8% on a year-over-year basis. As a group, analysts expect that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Jefferies Financial Group lowered Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and cut their target price for the company from $125.00 to $111.00 in a research note on Tuesday, February 4th. StockNews.com cut shares of Ollie's Bargain Outlet from a "hold" rating to a "sell" rating in a report on Tuesday, February 4th. Morgan Stanley upped 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 note on Thursday, March 20th. UBS Group boosted their price target 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, Piper Sandler decreased their target price on Ollie's Bargain Outlet from $126.00 to $124.00 and set an "overweight" rating for the company in a research note on Thursday, March 20th. 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. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price 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.