MetLife Investment Management LLC Purchases 2,946 Shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

MetLife Investment Management LLC boosted its position in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 9.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,575 shares of the company's stock after buying an additional 2,946 shares during the period. MetLife Investment Management LLC owned approximately 0.06% of Ollie's Bargain Outlet worth $3,794,000 at the end of the most recent quarter.

A number of other institutional investors have also 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 in the last quarter. Wilmington Savings Fund Society FSB lifted its holdings in shares of Ollie's Bargain Outlet by 337.0% in the fourth 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 bought a new position in Ollie's Bargain Outlet during the 4th quarter valued at $26,000. Blue Trust Inc. raised its holdings in shares of Ollie's Bargain Outlet by 55.2% in the fourth 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 last quarter. Finally, Brown Brothers Harriman & Co. bought a new stake in Ollie's Bargain Outlet in the 4th quarter worth about $33,000.

Analyst Ratings Changes

A number of brokerages recently commented on OLLI. StockNews.com downgraded Ollie's Bargain Outlet from a "hold" rating to a "sell" rating in a research report on Tuesday, February 4th. Piper Sandler reduced their price target on shares of Ollie's Bargain Outlet from $126.00 to $124.00 and set an "overweight" rating for the company in a research report on Thursday, March 20th. Jefferies Financial Group lowered shares of Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $125.00 to $111.00 in a research report on Tuesday, February 4th. Morgan Stanley raised their price target on shares of 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. Finally, UBS Group upped 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 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, the company has a consensus rating of "Moderate Buy" and an average price target of $123.08.

Insider Activity

In other news, CFO Robert F. Helm sold 312 shares of the firm's stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $107.17, for a total transaction of $33,437.04. Following the transaction, the chief financial officer now directly owns 3,273 shares of the company's stock, valued at approximately $350,767.41. This trade represents a 8.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert Fisch sold 6,250 shares of the stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $108.08, for a total value of $675,500.00. Following the sale, the director now owns 22,159 shares of the company's stock, valued at $2,394,944.72. This represents a 22.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, 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 Trading Down 1.9 %

Shares of NASDAQ:OLLI traded down $2.04 during trading on Tuesday, reaching $105.50. The company had a trading volume of 980,889 shares, compared to its average volume of 1,146,854. Ollie's Bargain Outlet Holdings, Inc. has a 12 month low of $70.17 and a 12 month high of $120.03. The stock has a market capitalization of $6.46 billion, a P/E ratio of 31.49, a price-to-earnings-growth ratio of 2.21 and a beta of 0.75. The company has a fifty day moving average of $107.01 and a two-hundred day moving average of $104.49.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last issued 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 the consensus estimate of $674.61 million. Ollie's Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The company's revenue for the quarter was up 2.8% on a year-over-year basis. During the same period last year, the firm earned $1.23 EPS. As a group, equities research analysts predict that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current 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.