Grantham Mayo Van Otterloo & Co. LLC Sells 61,899 Shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Grantham Mayo Van Otterloo & Co. LLC cut its position in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 17.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 292,382 shares of the company's stock after selling 61,899 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC owned about 0.48% of Ollie's Bargain Outlet worth $32,083,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in OLLI. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position 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 valued at $25,000 after acquiring an additional 191 shares during the period. Wilmington Savings Fund Society FSB raised its stake in Ollie's Bargain Outlet by 337.0% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 236 shares of the company's stock worth $26,000 after purchasing an additional 182 shares in the last quarter. Bogart Wealth LLC bought a new stake in Ollie's Bargain Outlet in the 4th quarter valued at about $26,000. Blue Trust Inc. boosted its holdings in 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. acquired a new position in shares of Ollie's Bargain Outlet during the 4th quarter worth approximately $33,000.

Insider Buying and Selling at Ollie's Bargain Outlet

In other Ollie's Bargain Outlet news, CFO Robert F. Helm sold 2,139 shares of the company's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $115.74, for a total value of $247,567.86. Following the sale, the chief financial officer now owns 2,961 shares in the company, valued at approximately $342,706.14. The trade was a 41.94 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman John W. Swygert sold 6,526 shares of the stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $107.87, for a total value of $703,959.62. Following the completion of the sale, the chairman now directly owns 53,432 shares of the company's stock, valued at approximately $5,763,709.84. The trade was a 10.88 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 37,897 shares of company stock worth $4,227,970. 0.87% of the stock is currently owned by insiders.

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Ollie's Bargain Outlet Stock Performance

Shares of Ollie's Bargain Outlet stock traded down $0.39 during midday trading on Friday, hitting $112.87. 428,685 shares of the company traded hands, compared to its average volume of 1,123,106. The firm's fifty day moving average price is $105.96 and its 200-day moving average price is $103.25. The stock has a market cap of $6.91 billion, a price-to-earnings ratio of 33.69, 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 posted its earnings results on Wednesday, March 19th. The company reported $1.19 earnings per share for the quarter, missing analysts' consensus estimates of $1.20 by ($0.01). The company had revenue of $667.10 million for the quarter, compared to the consensus estimate of $674.61 million. Ollie's Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The business's quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.23 EPS. Equities research analysts forecast that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

Analysts Set New Price Targets

OLLI has been the subject of a number of analyst reports. Royal Bank of Canada lifted their price target on shares of Ollie's Bargain Outlet from $130.00 to $133.00 and gave the company an "outperform" rating in a research report on Friday, March 7th. Citigroup raised Ollie's Bargain Outlet from a "sell" rating to a "buy" rating and lifted their price objective for the company from $64.00 to $133.00 in a report on Wednesday, December 18th. Piper Sandler reduced their target price on 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. UBS Group raised their price target 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. Finally, StockNews.com cut shares of Ollie's Bargain Outlet from a "hold" rating to a "sell" rating in a research report on Tuesday, February 4th. One 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's stock. According to data from MarketBeat, Ollie's Bargain Outlet currently has an average rating of "Moderate Buy" and a consensus target price of $123.08.

Ollie's Bargain Outlet 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.