King Luther Capital Management Corp Cuts Stock Position in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

King Luther Capital Management Corp trimmed its position in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 18.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 90,553 shares of the company's stock after selling 19,817 shares during the quarter. King Luther Capital Management Corp owned 0.15% of Ollie's Bargain Outlet worth $9,936,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in OLLI. Tortoise Investment Management LLC purchased a new position in Ollie's Bargain Outlet in the fourth quarter valued at approximately $45,000. Edgestream Partners L.P. purchased a new position in Ollie's Bargain Outlet in the 4th quarter valued at $1,067,000. Callan Family Office LLC acquired a new position in Ollie's Bargain Outlet in the 4th quarter valued at $409,000. Lisanti Capital Growth LLC raised its position in Ollie's Bargain Outlet by 2.5% during the 4th quarter. Lisanti Capital Growth LLC now owns 52,555 shares of the company's stock worth $5,767,000 after buying an additional 1,275 shares during the last quarter. Finally, Vestmark Advisory Solutions Inc. acquired a new stake in shares of Ollie's Bargain Outlet in the 4th quarter worth $3,570,000.

Insiders Place Their Bets

In other news, SVP Larry Kraus sold 10,646 shares of the business's stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $115.58, for a total transaction of $1,230,464.68. Following the completion of the sale, the senior vice president now owns 1,905 shares in the company, valued at approximately $220,179.90. The trade was a 84.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Thomas Hendrickson sold 6,250 shares of the firm's stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $114.74, for a total transaction of $717,125.00. The disclosure for this sale can be found here. 0.87% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on OLLI shares. StockNews.com lowered Ollie's Bargain Outlet from a "hold" rating to a "sell" rating in a report on Tuesday, February 4th. Loop Capital upped their price objective on Ollie's Bargain Outlet from $120.00 to $130.00 and gave the stock a "buy" rating in a report on Monday, December 23rd. Citigroup raised Ollie's Bargain Outlet from a "sell" rating to a "buy" rating and raised their target price for the company from $64.00 to $133.00 in a report on Wednesday, December 18th. Jefferies Financial Group lowered shares of Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and decreased their target price for the stock from $125.00 to $111.00 in a research report on Tuesday, February 4th. Finally, Wells Fargo & Company increased their price target on shares of Ollie's Bargain Outlet from $95.00 to $105.00 and gave the company an "equal weight" rating in a report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, Ollie's Bargain Outlet currently has a consensus rating of "Moderate Buy" and a consensus target price of $118.29.

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Ollie's Bargain Outlet Stock Performance

OLLI opened at $101.08 on Wednesday. Ollie's Bargain Outlet Holdings, Inc. has a 1 year low of $68.05 and a 1 year high of $120.03. The company's 50 day simple moving average is $105.75 and its 200 day simple moving average is $101.00. The stock has a market capitalization of $6.19 billion, a PE ratio of 30.17, a P/E/G ratio of 2.21 and a beta of 0.83.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last announced its quarterly earnings data on Tuesday, December 10th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.01. Ollie's Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. The company had revenue of $517.43 million during the quarter, compared to analysts' expectations of $518.83 million. During the same period in the previous year, the company earned $0.51 EPS. The business's quarterly revenue was up 7.8% compared to the same quarter last year. As a group, sell-side analysts expect that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share 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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