735,816 Shares in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Acquired by Norges Bank

Norges Bank acquired a new stake in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 735,816 shares of the company's stock, valued at approximately $80,741,000. Norges Bank owned about 1.20% of Ollie's Bargain Outlet at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake 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 valued at $25,000 after purchasing an additional 191 shares during the period. Wilmington Savings Fund Society FSB boosted its position in Ollie's Bargain Outlet by 337.0% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 236 shares of the company's stock valued at $26,000 after buying an additional 182 shares during the period. Bogart Wealth LLC bought a new stake in Ollie's Bargain Outlet in the 4th quarter worth $26,000. Blue Trust Inc. increased its position 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 acquiring an additional 101 shares during the period. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of Ollie's Bargain Outlet during the fourth quarter valued at about $41,000.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on OLLI shares. JPMorgan Chase & Co. raised their target price on Ollie's Bargain Outlet from $105.00 to $135.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 11th. Jefferies Financial Group cut Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and reduced their target price for the company from $125.00 to $111.00 in a research note on Tuesday, February 4th. Royal Bank of Canada raised their price target on Ollie's Bargain Outlet from $130.00 to $133.00 and gave the stock an "outperform" rating in a research note on Friday, March 7th. Craig Hallum boosted their price objective on shares of Ollie's Bargain Outlet from $107.00 to $130.00 and gave the company a "buy" rating in a research report on Wednesday, December 11th. Finally, StockNews.com lowered shares of Ollie's Bargain Outlet from a "hold" rating to a "sell" rating in a report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Ollie's Bargain Outlet has an average rating of "Moderate Buy" and a consensus price target of $123.08.

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Ollie's Bargain Outlet Price Performance

NASDAQ:OLLI traded down $4.17 during mid-day trading on Friday, hitting $113.29. 1,966,308 shares of the company's stock were exchanged, compared to its average volume of 1,109,594. The company has a market cap of $6.94 billion, a PE ratio of 33.82, a P/E/G ratio of 2.21 and a beta of 0.83. Ollie's Bargain Outlet Holdings, Inc. has a one year low of $70.17 and a one year high of $120.03. The business has a fifty day moving average price of $106.42 and a 200 day moving average price of $102.93.

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

Insider Transactions at Ollie's Bargain Outlet

In related news, 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 of the company's stock, valued at approximately $342,706.14. This represents a 41.94 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Der Valk Eric Van sold 525 shares of the stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $112.94, for a total value of $59,293.50. Following the sale, the chief executive officer now owns 6,793 shares in the company, valued at approximately $767,201.42. This represents a 7.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 34,254 shares of company stock valued at $3,812,800. 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.