Next Century Growth Investors LLC Has $17.79 Million Stock Holdings in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Next Century Growth Investors LLC lifted its stake in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 27.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 162,136 shares of the company's stock after buying an additional 35,075 shares during the period. Ollie's Bargain Outlet makes up approximately 1.3% of Next Century Growth Investors LLC's holdings, making the stock its 23rd largest holding. Next Century Growth Investors LLC owned about 0.26% of Ollie's Bargain Outlet worth $17,791,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Ollie's Bargain Outlet by 489.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 230 shares of the company's stock worth $25,000 after purchasing an additional 191 shares in the last quarter. Wilmington Savings Fund Society FSB increased its position in 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 worth $26,000 after purchasing an additional 182 shares during the last quarter. Bogart Wealth LLC bought a new position in shares of Ollie's Bargain Outlet in the 4th quarter valued at about $26,000. Blue Trust Inc. boosted its holdings in shares of Ollie's Bargain Outlet by 55.2% in the 4th quarter. Blue Trust Inc. now owns 284 shares of the company's stock worth $31,000 after purchasing an additional 101 shares during the period. Finally, Brown Brothers Harriman & Co. bought a new position in Ollie's Bargain Outlet during the fourth quarter valued at $33,000.

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Insider Activity at Ollie's Bargain Outlet

In related news, Director Robert Fisch sold 6,250 shares of the stock in a transaction that occurred on 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 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 legal filing with the SEC, which is available at this link. Also, CFO Robert F. Helm sold 2,145 shares of the company's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $108.50, for a total transaction of $232,732.50. Following the completion of the transaction, the chief financial officer now owns 3,888 shares of the company's stock, valued at $421,848. This trade represents a 35.55 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 37,897 shares of company stock valued at $4,227,970 in the last ninety days. Insiders own 0.87% of the company's stock.

Analysts Set New Price Targets

OLLI has been the subject of a number of research reports. Piper Sandler lowered their price target on Ollie's Bargain Outlet from $126.00 to $124.00 and set an "overweight" rating for the company in a report on Thursday, March 20th. UBS Group upped their price target on Ollie's Bargain Outlet from $117.00 to $123.00 and gave the stock a "neutral" rating in a research report on Thursday, March 20th. Citigroup upgraded shares of Ollie's Bargain Outlet from a "sell" rating to a "buy" rating and lifted their target price for the stock from $64.00 to $133.00 in a research note on Wednesday, December 18th. Loop Capital upped their target price on Ollie's Bargain Outlet from $120.00 to $130.00 and gave the company a "buy" rating in a research report on Monday, December 23rd. Finally, StockNews.com lowered shares of Ollie's Bargain Outlet from a "hold" rating to a "sell" rating in a research note on Tuesday, February 4th. One 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's stock. According to data from MarketBeat.com, Ollie's Bargain Outlet has an average rating of "Moderate Buy" and a consensus price target of $123.08.

Ollie's Bargain Outlet Stock Performance

Shares of OLLI stock traded down $1.18 during trading hours on Tuesday, reaching $114.48. The company had a trading volume of 780,836 shares, compared to its average volume of 1,129,315. The stock's fifty day simple moving average is $106.44 and its 200 day simple moving average is $103.59. The company has a market capitalization of $7.01 billion, a P/E ratio of 34.17, a price-to-earnings-growth ratio of 2.21 and a beta of 0.75. Ollie's Bargain Outlet Holdings, Inc. has a twelve month low of $70.17 and a twelve month high of $120.03.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last announced its quarterly earnings data on Wednesday, March 19th. The company reported $1.19 earnings per share for the quarter, missing analysts' consensus estimates 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%. Ollie's Bargain Outlet's quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the company earned $1.23 EPS. As a group, equities analysts expect 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.