Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Stock Holdings Boosted by Keystone Financial Group

Keystone Financial Group increased its stake in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 275.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,235 shares of the company's stock after purchasing an additional 6,773 shares during the quarter. Keystone Financial Group's holdings in Ollie's Bargain Outlet were worth $964,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in OLLI. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in 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 last quarter. Wilmington Savings Fund Society FSB increased its position in shares of Ollie's Bargain Outlet by 337.0% during the fourth 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 purchased a new stake in shares of Ollie's Bargain Outlet in the 4th quarter valued at about $26,000. Blue Trust Inc. boosted its position in shares of 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 Ollie's Bargain Outlet during the fourth quarter worth approximately $33,000.

Analysts Set New Price Targets

OLLI has been the subject of several research analyst reports. Royal Bank of Canada increased their price objective on Ollie's Bargain Outlet from $130.00 to $133.00 and gave the company an "outperform" rating in a report on Friday, March 7th. Loop Capital raised their price target on Ollie's Bargain Outlet from $120.00 to $130.00 and gave the company a "buy" rating in a report on Monday, December 23rd. StockNews.com lowered shares of Ollie's Bargain Outlet from a "hold" rating to a "sell" rating in a research report on Tuesday, February 4th. Morgan Stanley lifted their price target on shares of Ollie's Bargain Outlet from $108.00 to $118.00 and gave the company an "equal weight" rating in a research report on Thursday, March 20th. Finally, UBS Group raised their price objective on 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. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $123.08.

Insider Activity at Ollie's Bargain Outlet

In other Ollie's Bargain Outlet news, Director Robert Fisch sold 6,250 shares of Ollie's Bargain Outlet 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 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Kevin Mclain sold 4,799 shares of the business's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $115.56, for a total transaction of $554,572.44. Following the completion of the sale, the senior vice president now directly owns 12,336 shares of the company's stock, valued at $1,425,548.16. The trade was a 28.01 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 37,897 shares of company stock valued at $4,227,970. Corporate insiders own 0.87% of the company's stock.

Ollie's Bargain Outlet Stock Up 1.8 %

Shares of OLLI stock traded up $1.98 during mid-day trading on Friday, reaching $111.95. The company's stock had a trading volume of 1,118,807 shares, compared to its average volume of 1,130,959. The company's 50 day simple moving average is $106.72 and its 200-day simple moving average is $103.73. Ollie's Bargain Outlet Holdings, Inc. has a 12-month low of $70.17 and a 12-month high of $120.03. The firm has a market capitalization of $6.86 billion, a PE ratio of 33.42, a price-to-earnings-growth ratio of 2.21 and a beta of 0.75.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last issued 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). The company had revenue of $667.10 million during the quarter, compared to analysts' expectations of $674.61 million. Ollie's Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. Ollie's Bargain Outlet's quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.23 EPS. As a group, research analysts anticipate that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

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.