Fuller & Thaler Asset Management Inc. Sells 404,269 Shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Fuller & Thaler Asset Management Inc. reduced its holdings in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 99.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,521 shares of the company's stock after selling 404,269 shares during the period. Fuller & Thaler Asset Management Inc.'s holdings in Ollie's Bargain Outlet were worth $167,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC increased its position in Ollie's Bargain Outlet by 173.8% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,644,774 shares of the company's stock worth $509,671,000 after acquiring an additional 2,948,393 shares during the period. Congress Asset Management Co. increased its holdings in shares of Ollie's Bargain Outlet by 181.6% during the 4th quarter. Congress Asset Management Co. now owns 1,916,584 shares of the company's stock worth $210,307,000 after purchasing an additional 1,235,994 shares during the period. Norges Bank acquired a new position in shares of Ollie's Bargain Outlet during the fourth quarter valued at about $80,741,000. Stephens Investment Management Group LLC acquired a new position in shares of Ollie's Bargain Outlet during the fourth quarter valued at about $78,356,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Ollie's Bargain Outlet in the fourth quarter valued at about $48,633,000.

Wall Street Analysts Forecast Growth

OLLI has been the topic of several research reports. StockNews.com lowered Ollie's Bargain Outlet from a "hold" rating to a "sell" rating in a research note on Tuesday, February 4th. Jefferies Financial Group cut Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and lowered their price objective for the company from $125.00 to $111.00 in a research report on Tuesday, February 4th. UBS Group raised their target price on Ollie's Bargain Outlet from $117.00 to $123.00 and gave the stock a "neutral" rating in a research report on Thursday, March 20th. Piper Sandler lowered their price target on shares of Ollie's Bargain Outlet from $126.00 to $124.00 and set an "overweight" rating on the stock in a report on Thursday, March 20th. Finally, Royal Bank of Canada raised their price objective on shares of Ollie's Bargain Outlet from $130.00 to $133.00 and gave the stock an "outperform" rating in a report on Friday, March 7th. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $123.08.

Insider Activity

In other news, Chairman John W. Swygert sold 6,526 shares of the stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $107.87, for a total transaction of $703,959.62. Following the sale, the chairman now directly owns 53,432 shares of the company's stock, valued at $5,763,709.84. This represents a 10.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Robert Fisch sold 6,250 shares of the business's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $108.08, for a total transaction of $675,500.00. Following the completion of the transaction, the director now owns 22,159 shares of the company's stock, valued at $2,394,944.72. This trade represents a 22.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 37,897 shares of company stock worth $4,227,970. 0.87% of the stock is owned by corporate insiders.

Ollie's Bargain Outlet Stock Up 1.8 %

NASDAQ:OLLI opened at $107.31 on Friday. The firm has a market cap of $6.57 billion, a PE ratio of 32.03, a price-to-earnings-growth 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. The company's 50-day moving average price is $106.98 and its two-hundred day moving average price is $104.35.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last announced its earnings results on Wednesday, March 19th. The company reported $1.19 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 during the quarter, compared to analyst estimates of $674.61 million. During the same period in the previous year, the firm earned $1.23 earnings per share. The firm's revenue was up 2.8% compared to the same quarter last year. On average, research analysts expect that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

Ollie's Bargain Outlet Company Profile

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.

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