14,900 Shares in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Purchased by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS bought a new stake 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 Form 13F filing with the SEC. The firm bought 14,900 shares of the company's stock, valued at approximately $1,635,000.

Several other large investors have also recently bought and sold shares of OLLI. Congress Asset Management Co. lifted its holdings in shares of Ollie's Bargain Outlet by 181.6% in the fourth quarter. Congress Asset Management Co. now owns 1,916,584 shares of the company's stock valued at $210,307,000 after buying an additional 1,235,994 shares during the period. Stephens Investment Management Group LLC bought a new stake in Ollie's Bargain Outlet in the fourth quarter worth about $78,356,000. Holocene Advisors LP lifted its holdings in Ollie's Bargain Outlet by 10,159.3% in the 3rd quarter. Holocene Advisors LP now owns 471,413 shares of the company's stock valued at $45,821,000 after acquiring an additional 466,818 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Ollie's Bargain Outlet during the 4th quarter valued at about $48,633,000. Finally, Wellington Management Group LLP grew its stake in shares of Ollie's Bargain Outlet by 155.8% in the 3rd quarter. Wellington Management Group LLP now owns 483,044 shares of the company's stock worth $46,952,000 after purchasing an additional 294,217 shares during the last quarter.

Analyst Ratings Changes

Several analysts recently commented on OLLI shares. Royal Bank of Canada increased their target price on shares of Ollie's Bargain Outlet from $130.00 to $133.00 and gave the company an "outperform" rating in a research note on Friday, March 7th. Truist Financial increased their price objective on Ollie's Bargain Outlet from $109.00 to $121.00 and gave the company a "buy" rating in a research report on Wednesday, December 11th. Jefferies Financial Group cut 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 report on Tuesday, February 4th. Citigroup raised Ollie's Bargain Outlet from a "sell" rating to a "buy" rating and upped their target price for the company from $64.00 to $133.00 in a report on Wednesday, December 18th. Finally, Morgan Stanley lifted their price target on Ollie's Bargain Outlet from $108.00 to $118.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 20th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Ollie's Bargain Outlet has a consensus rating of "Moderate Buy" and a consensus price target of $123.08.

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Ollie's Bargain Outlet Stock Performance

Shares of NASDAQ OLLI traded up $3.65 during mid-day trading on Wednesday, reaching $118.20. The company had a trading volume of 1,714,627 shares, compared to its average volume of 1,108,525. The company has a market capitalization of $7.24 billion, a price-to-earnings ratio of 35.28, a PEG ratio of 2.21 and a beta of 0.83. The stock has a fifty day moving average of $106.30 and a two-hundred day moving average of $102.70. Ollie's Bargain Outlet Holdings, Inc. has a 12-month low of $68.05 and a 12-month high of $120.03.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last announced its quarterly earnings results on Wednesday, March 19th. The company reported $1.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.01). The firm had revenue of $667.10 million for the quarter, compared to analyst estimates of $674.61 million. Ollie's Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. The firm's quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.23 earnings per share. Sell-side analysts forecast that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Der Valk Eric Van sold 1,153 shares of Ollie's Bargain Outlet stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $110.85, for a total transaction of $127,810.05. Following the sale, the chief executive officer now owns 6,768 shares of the company's stock, valued at approximately $750,232.80. This trade represents a 14.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman John W. Swygert sold 6,526 shares of the company's stock in a transaction on 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 transaction, the chairman now owns 53,432 shares of the company's stock, 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. In the last three months, insiders sold 26,105 shares of company stock valued at $2,883,227. Company insiders own 0.87% of the company's stock.

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.