Jump Financial LLC Takes Position in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Jump Financial LLC purchased a new position in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 53,914 shares of the company's stock, valued at approximately $5,916,000. Jump Financial LLC owned 0.09% of Ollie's Bargain Outlet at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Ollie's Bargain Outlet by 489.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 230 shares of the company's stock worth $25,000 after acquiring an additional 191 shares during the last quarter. Wilmington Savings Fund Society FSB raised its position in shares of 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 valued at $26,000 after purchasing an additional 182 shares in the last quarter. Bogart Wealth LLC purchased a new position in shares of Ollie's Bargain Outlet during the 4th quarter valued at approximately $26,000. Blue Trust Inc. grew its position 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 buying an additional 101 shares in the last quarter. Finally, Brown Brothers Harriman & Co. acquired a new stake in Ollie's Bargain Outlet in the fourth quarter valued at $33,000.

Wall Street Analyst Weigh In

Several brokerages have weighed in on OLLI. 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. StockNews.com lowered shares of Ollie's Bargain Outlet from a "hold" rating to a "sell" rating in a research note on Tuesday, February 4th. Loop Capital raised their price target on shares of 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. UBS Group boosted 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. Finally, Jefferies Financial Group downgraded Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and decreased their target price for the company from $125.00 to $111.00 in a research note on Tuesday, February 4th. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Ollie's Bargain Outlet presently has a consensus rating of "Moderate Buy" and an average price target of $123.08.

Ollie's Bargain Outlet Trading Down 5.8 %

NASDAQ:OLLI traded down $6.47 during midday trading on Monday, hitting $105.48. 663,586 shares of the stock were exchanged, compared to its average volume of 1,132,819. Ollie's Bargain Outlet Holdings, Inc. has a one year low of $70.17 and a one year high of $120.03. The company has a market capitalization of $6.46 billion, a price-to-earnings ratio of 31.49, a P/E/G ratio of 2.21 and a beta of 0.75. The business has a 50-day moving average price of $106.89 and a two-hundred day moving average price of $103.96.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last announced its 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 in the prior year, the business earned $1.23 EPS. The company's quarterly revenue was up 2.8% compared to the same quarter last year. Sell-side analysts forecast that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

Insider Activity at Ollie's Bargain Outlet

In other news, 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 transaction of $33,437.04. Following the completion of the sale, the chief financial officer now owns 3,273 shares in the company, valued at approximately $350,767.41. This represents a 8.70 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman John W. Swygert sold 6,526 shares of Ollie's Bargain Outlet stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $107.87, for a total value of $703,959.62. Following the completion of the transaction, the chairman now owns 53,432 shares in the company, valued at $5,763,709.84. The trade was a 10.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 37,897 shares of company stock valued at $4,227,970 over the last ninety days. Insiders own 0.87% of the company's stock.

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.