ExodusPoint Capital Management LP Buys New Position in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

ExodusPoint Capital Management LP purchased a new position in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,376 shares of the company's stock, valued at approximately $700,000.

Several other institutional investors have also added to or reduced their stakes in OLLI. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Ollie's Bargain Outlet by 489.7% in 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 period. Wilmington Savings Fund Society FSB increased its position 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 acquiring an additional 182 shares during the period. Bogart Wealth LLC bought a new position in shares of Ollie's Bargain Outlet during the fourth quarter valued at about $26,000. Blue Trust Inc. boosted its holdings 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 purchasing an additional 101 shares during the period. Finally, Brown Brothers Harriman & Co. bought a new stake in shares of Ollie's Bargain Outlet in the fourth quarter worth about $33,000.

Insider Activity

In other news, Director Robert Fisch sold 6,250 shares of Ollie's Bargain Outlet stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $108.08, for a total value 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. The trade was a 22.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Robert F. Helm sold 2,145 shares of the stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $108.50, for a total transaction of $232,732.50. Following the transaction, the chief financial officer now owns 3,888 shares in the company, valued at approximately $421,848. This trade represents 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 ninety days. 0.87% of the stock is currently owned by corporate insiders.

Remove Ads

Ollie's Bargain Outlet Trading Down 1.0 %

NASDAQ:OLLI traded down $1.18 on Tuesday, reaching $114.48. 780,836 shares of the stock traded hands, compared to its average volume of 1,128,618. The company's fifty day simple moving average is $106.31 and its 200 day simple moving average is $103.51. The company has a market capitalization of $7.01 billion, a price-to-earnings ratio of 34.17, a PEG ratio of 2.21 and a beta of 0.75. Ollie's Bargain Outlet Holdings, Inc. has a 12 month low of $70.17 and a 12 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 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 firm had revenue of $667.10 million for the quarter, compared to the consensus estimate of $674.61 million. During the same period last year, the business earned $1.23 EPS. Ollie's Bargain Outlet's revenue was up 2.8% on a year-over-year basis. Equities analysts anticipate that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on OLLI. Citigroup upgraded Ollie's Bargain Outlet from a "sell" rating to a "buy" rating and lifted their price objective for the stock from $64.00 to $133.00 in a research report on Wednesday, December 18th. UBS Group lifted 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 research note on Thursday, March 20th. Loop Capital raised their price objective on shares of Ollie's Bargain Outlet from $120.00 to $130.00 and gave the stock a "buy" rating in a report on Monday, December 23rd. Morgan Stanley increased their target price on 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. Finally, StockNews.com lowered 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 issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Ollie's Bargain Outlet currently has an average rating of "Moderate Buy" and a consensus 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.