F M Investments LLC Decreases Holdings in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

F M Investments LLC trimmed its position in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 59.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 58,615 shares of the company's stock after selling 85,443 shares during the quarter. F M Investments LLC owned 0.10% of Ollie's Bargain Outlet worth $6,432,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of OLLI. Legacy Capital Wealth Partners LLC grew its holdings in shares of Ollie's Bargain Outlet by 3.4% in the fourth quarter. Legacy Capital Wealth Partners LLC now owns 2,834 shares of the company's stock valued at $311,000 after purchasing an additional 94 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Ollie's Bargain Outlet by 55.2% in the fourth quarter. Blue Trust Inc. now owns 284 shares of the company's stock worth $31,000 after acquiring an additional 101 shares in the last quarter. UMB Bank n.a. increased its position in shares of Ollie's Bargain Outlet by 25.3% during the fourth quarter. UMB Bank n.a. now owns 545 shares of the company's stock worth $60,000 after acquiring an additional 110 shares during the period. Precision Wealth Strategies LLC raised its stake in shares of Ollie's Bargain Outlet by 3.2% in the fourth quarter. Precision Wealth Strategies LLC now owns 3,889 shares of the company's stock valued at $427,000 after acquiring an additional 119 shares in the last quarter. Finally, Pitcairn Co. boosted its holdings in Ollie's Bargain Outlet by 1.7% in the fourth quarter. Pitcairn Co. now owns 7,244 shares of the company's stock valued at $795,000 after purchasing an additional 120 shares during the period.

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Ollie's Bargain Outlet Price Performance

Shares of OLLI stock traded down $0.63 during trading hours on Tuesday, hitting $115.03. The stock had a trading volume of 247,872 shares, compared to its average volume of 1,126,546. The stock's 50 day moving average is $106.31 and its 200 day moving average is $103.51. The firm has a market capitalization of $7.05 billion, a PE ratio of 34.34, a PEG ratio of 2.21 and a beta of 0.75. 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 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). 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 in the previous year, the business posted $1.23 earnings per share. The company's revenue for the quarter was up 2.8% on a year-over-year basis. As a group, equities analysts predict that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

Insider Buying and Selling at Ollie's Bargain Outlet

In related news, CEO Der Valk Eric Van sold 525 shares of the company's stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $112.94, for a total transaction of $59,293.50. Following the transaction, the chief executive officer now owns 6,793 shares of the company's stock, valued at $767,201.42. This represents a 7.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Robert F. Helm sold 312 shares of the 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 of the company's stock, valued at $350,767.41. The trade was a 8.70 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 37,897 shares of company stock worth $4,227,970. 0.87% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on OLLI. Loop Capital increased their price target on Ollie's Bargain Outlet from $120.00 to $130.00 and gave the company a "buy" rating in a research report on Monday, December 23rd. Jefferies Financial Group downgraded shares of Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and decreased their price target for the stock from $125.00 to $111.00 in a research note on Tuesday, February 4th. UBS Group increased their price objective on shares of Ollie's Bargain Outlet from $117.00 to $123.00 and gave the company a "neutral" rating in a research report on Thursday, March 20th. Royal Bank of Canada boosted their target price on shares of Ollie's Bargain Outlet from $130.00 to $133.00 and gave the stock an "outperform" rating in a research note on Friday, March 7th. Finally, StockNews.com cut Ollie's Bargain Outlet from a "hold" rating to a "sell" rating in a research note on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average 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.