Bank of Montreal Can Has $947,000 Stock Holdings in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Bank of Montreal Can decreased its position in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 33.8% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 8,629 shares of the company's stock after selling 4,409 shares during the period. Bank of Montreal Can's holdings in Ollie's Bargain Outlet were worth $947,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Envestnet Asset Management Inc. grew its holdings in shares of Ollie's Bargain Outlet by 103.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 487,774 shares of the company's stock valued at $53,523,000 after acquiring an additional 247,852 shares in the last quarter. Landscape Capital Management L.L.C. raised its stake in shares of Ollie's Bargain Outlet by 27.1% during the 4th quarter. Landscape Capital Management L.L.C. now owns 27,904 shares of the company's stock worth $3,062,000 after purchasing an additional 5,952 shares in the last quarter. Pitcairn Co. raised its stake in shares of Ollie's Bargain Outlet by 1.7% during the 4th quarter. Pitcairn Co. now owns 7,244 shares of the company's stock worth $795,000 after purchasing an additional 120 shares in the last quarter. ExodusPoint Capital Management LP acquired a new stake in shares of Ollie's Bargain Outlet in the 4th quarter valued at approximately $700,000. Finally, Nicolet Advisory Services LLC grew its stake in shares of Ollie's Bargain Outlet by 11.4% in the fourth quarter. Nicolet Advisory Services LLC now owns 5,025 shares of the company's stock valued at $534,000 after buying an additional 515 shares in the last quarter.

Analysts Set New Price Targets

A number of analysts have commented on OLLI shares. Royal Bank of Canada increased their price target on shares of Ollie's Bargain Outlet from $130.00 to $133.00 and gave the company an "outperform" rating in a research note on Friday, March 7th. StockNews.com downgraded Ollie's Bargain Outlet from a "hold" rating to a "sell" rating in a research report on Tuesday, February 4th. Morgan Stanley raised their price objective on Ollie's Bargain Outlet from $108.00 to $118.00 and gave the company an "equal weight" rating in a research report on Thursday, March 20th. Jefferies Financial Group cut shares of Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and cut their target price for the stock from $125.00 to $111.00 in a research note on Tuesday, February 4th. Finally, UBS Group upped their price target on shares of 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 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's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $123.08.

Ollie's Bargain Outlet Trading Down 3.0 %

NASDAQ OLLI traded down $3.30 during midday trading on Thursday, hitting $107.64. The company had a trading volume of 312,195 shares, compared to its average volume of 1,139,421. The company has a market capitalization of $6.59 billion, a PE ratio of 32.03, a P/E/G 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. The firm has a 50-day moving average price of $107.08 and a 200-day moving average price of $104.11.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last posted 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 net margin of 9.22% and a return on equity of 13.15%. The company had revenue of $667.10 million during the quarter, compared to analyst estimates of $674.61 million. During the same period last year, the firm earned $1.23 EPS. The firm's revenue for the quarter was up 2.8% compared to the same quarter last year. On average, equities analysts anticipate that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

Insider Buying and Selling

In other Ollie's Bargain Outlet news, CEO Der Valk Eric Van sold 1,153 shares of the business's stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $110.85, for a total transaction of $127,810.05. Following the completion of the transaction, the chief executive officer now owns 6,768 shares of the company's stock, valued at approximately $750,232.80. The trade was a 14.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert Fisch sold 6,250 shares of the stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $108.08, for a total transaction of $675,500.00. Following the completion of the transaction, the director now directly owns 22,159 shares of the company's stock, valued at $2,394,944.72. This trade represents a 22.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 37,897 shares of company stock worth $4,227,970. Corporate insiders own 0.87% of the company's stock.

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.