Mirabella Financial Services LLP Invests $1.11 Million in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Mirabella Financial Services LLP acquired 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 & Exchange Commission. The institutional investor acquired 10,123 shares of the company's stock, valued at approximately $1,110,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Congress Asset Management Co. raised its stake 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. Norges Bank bought a new stake in Ollie's Bargain Outlet in the 4th quarter valued at about $80,741,000. Stephens Investment Management Group LLC purchased a new stake in Ollie's Bargain Outlet during the fourth quarter valued at about $78,356,000. Raymond James Financial Inc. bought a new position in Ollie's Bargain Outlet during the fourth quarter worth about $48,633,000. Finally, Envestnet Asset Management Inc. increased its stake in shares of Ollie's Bargain Outlet by 103.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 487,774 shares of the company's stock worth $53,523,000 after purchasing an additional 247,852 shares in the last quarter.

Analyst Ratings Changes

A number of analysts recently commented on the stock. StockNews.com cut shares of Ollie's Bargain Outlet from a "hold" rating to a "sell" rating in a research note on Tuesday, February 4th. UBS Group lifted their price target on Ollie's Bargain Outlet from $117.00 to $123.00 and gave the company a "neutral" rating in a research report on Thursday, March 20th. Morgan Stanley increased their price objective 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. Royal Bank of Canada lifted their target price 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. Finally, Jefferies Financial Group downgraded shares of Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and lowered their price target for the stock from $125.00 to $111.00 in a report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $123.08.

Insiders Place Their Bets

In other Ollie's Bargain Outlet news, CFO Robert F. Helm sold 2,145 shares of the business's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $108.50, for a total value of $232,732.50. Following the completion of the sale, the chief financial officer now directly owns 3,888 shares of the company's stock, valued at $421,848. The trade was a 35.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Robert Fisch sold 6,250 shares of the company's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $108.08, for a total transaction of $675,500.00. Following the sale, the director now owns 22,159 shares of the company's stock, valued at approximately $2,394,944.72. The trade was a 22.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 37,897 shares of company stock valued at $4,227,970 over the last quarter. 0.87% of the stock is owned by corporate insiders.

Ollie's Bargain Outlet Trading Up 1.8 %

Shares of Ollie's Bargain Outlet stock traded up $1.87 on Friday, hitting $107.31. 969,182 shares of the company traded hands, compared to its average volume of 1,146,253. Ollie's Bargain Outlet Holdings, Inc. has a 12-month low of $70.17 and a 12-month high of $120.03. The firm's 50-day simple moving average is $106.98 and its 200 day simple moving average is $104.28. The company has a market cap of $6.57 billion, a P/E 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 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. Analysts predict that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

About Ollie's Bargain Outlet

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.