11,768 Shares in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Purchased by Massar Capital Management LP

Massar Capital Management LP purchased a new stake in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 11,768 shares of the company's stock, valued at approximately $1,291,000. Ollie's Bargain Outlet comprises approximately 1.5% of Massar Capital Management LP's investment portfolio, making the stock its 24th largest holding.

A number of other institutional investors also recently modified their holdings of the business. IHT Wealth Management LLC grew its position in Ollie's Bargain Outlet by 3.1% in the fourth quarter. IHT Wealth Management LLC now owns 10,167 shares of the company's stock valued at $1,116,000 after acquiring an additional 304 shares during the last quarter. Stifel Financial Corp grew its holdings in shares of Ollie's Bargain Outlet by 225.9% during the 4th quarter. Stifel Financial Corp now owns 161,282 shares of the company's stock valued at $17,697,000 after purchasing an additional 111,788 shares during the last quarter. State of Tennessee Department of Treasury increased its position in Ollie's Bargain Outlet by 1.9% during the 4th quarter. State of Tennessee Department of Treasury now owns 25,481 shares of the company's stock worth $2,796,000 after purchasing an additional 481 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in Ollie's Bargain Outlet by 60.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,539 shares of the company's stock valued at $718,000 after purchasing an additional 2,467 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC boosted its position in Ollie's Bargain Outlet by 173.8% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,644,774 shares of the company's stock valued at $509,671,000 after buying an additional 2,948,393 shares in the last quarter.

Insiders Place Their Bets

In other news, Director Robert Fisch sold 6,250 shares of the firm's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $108.08, for a total value of $675,500.00. Following the completion of the sale, the director now directly owns 22,159 shares in the company, valued at $2,394,944.72. This trade represents a 22.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Robert F. Helm sold 2,139 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $115.74, for a total value of $247,567.86. Following the transaction, the chief financial officer now directly owns 2,961 shares in the company, valued at approximately $342,706.14. This trade represents a 41.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 37,897 shares of company stock worth $4,227,970. 0.87% of the stock is currently owned by company insiders.

Ollie's Bargain Outlet Stock Performance

Shares of NASDAQ:OLLI traded up $1.87 during trading on Friday, reaching $107.31. The stock had a trading volume of 969,182 shares, compared to its average volume of 1,146,253. Ollie's Bargain Outlet Holdings, Inc. has a 52 week low of $70.17 and a 52 week high of $120.03. The firm's fifty day moving average is $106.98 and its 200 day moving average is $104.28. The stock has a market cap of $6.57 billion, a price-to-earnings ratio of 32.03, a P/E/G ratio of 2.21 and a beta of 0.75.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last announced its earnings results on Wednesday, March 19th. The company reported $1.19 EPS for the quarter, missing the consensus estimate of $1.20 by ($0.01). The business had revenue of $667.10 million for the quarter, compared to the consensus estimate 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 revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.23 EPS. On average, research analysts forecast that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently issued reports on OLLI shares. StockNews.com downgraded shares of Ollie's Bargain Outlet from a "hold" rating to a "sell" rating in a report on Tuesday, February 4th. Piper Sandler cut their price target on Ollie's Bargain Outlet from $126.00 to $124.00 and set an "overweight" rating on the stock in a research note on Thursday, March 20th. Morgan Stanley boosted their price target on Ollie's Bargain Outlet from $108.00 to $118.00 and gave the stock an "equal weight" rating in a report on Thursday, March 20th. UBS Group raised 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 report on Thursday, March 20th. Finally, Jefferies Financial Group lowered shares of Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and reduced their target price for the stock from $125.00 to $111.00 in a report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average 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.