Emerald Advisers LLC Sells 2,475 Shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Emerald Advisers LLC reduced its stake in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 1.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 254,822 shares of the company's stock after selling 2,475 shares during the period. Emerald Advisers LLC owned 0.42% of Ollie's Bargain Outlet worth $27,962,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB increased its stake in shares of Ollie's Bargain Outlet by 337.0% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 236 shares of the company's stock valued at $26,000 after buying an additional 182 shares during the period. Bogart Wealth LLC bought a new stake in Ollie's Bargain Outlet in the fourth quarter valued at approximately $26,000. Blue Trust Inc. increased its position in Ollie's Bargain Outlet by 55.2% during 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. Harvest Fund Management Co. Ltd acquired a new stake in Ollie's Bargain Outlet during the 4th quarter valued at approximately $41,000. Finally, Tortoise Investment Management LLC bought a new position in Ollie's Bargain Outlet during the 4th quarter worth approximately $45,000.

Ollie's Bargain Outlet Price Performance

Shares of OLLI stock traded down $1.85 during trading hours on Tuesday, reaching $106.37. The company had a trading volume of 1,133,174 shares, compared to its average volume of 1,090,893. The company has a market cap of $6.52 billion, a price-to-earnings ratio of 31.75, a price-to-earnings-growth ratio of 2.21 and a beta of 0.83. Ollie's Bargain Outlet Holdings, Inc. has a 12 month low of $68.05 and a 12 month high of $120.03. The business has a fifty day simple moving average of $105.30 and a 200-day simple moving average of $101.85.

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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 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 company had revenue of $667.10 million for the quarter, compared to the consensus estimate of $674.61 million. During the same quarter last year, the business posted $1.23 earnings per share. Ollie's Bargain Outlet's revenue was up 2.8% on a year-over-year basis. On average, equities research analysts expect that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on OLLI. Morgan Stanley increased 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 report on Thursday, March 20th. Wells Fargo & Company increased their price target on Ollie's Bargain Outlet from $95.00 to $105.00 and gave the stock an "equal weight" rating in a report on Wednesday, December 11th. Loop Capital lifted their price objective 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. StockNews.com lowered Ollie's Bargain Outlet from a "hold" rating to a "sell" rating in a research report on Tuesday, February 4th. Finally, Citigroup raised Ollie's Bargain Outlet from a "sell" rating to a "buy" rating and raised their target price for the stock from $64.00 to $133.00 in a research note on Wednesday, December 18th. 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 currently has a consensus rating of "Moderate Buy" and an average 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.