Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Shares Bought by Pier Capital LLC

Pier Capital LLC increased its stake in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 3.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 93,564 shares of the company's stock after buying an additional 2,934 shares during the quarter. Ollie's Bargain Outlet comprises approximately 1.5% of Pier Capital LLC's investment portfolio, making the stock its 10th biggest holding. Pier Capital LLC owned 0.15% of Ollie's Bargain Outlet worth $10,267,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB raised its position in shares of 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 worth $26,000 after purchasing an additional 182 shares during the last quarter. Bogart Wealth LLC acquired a new stake in shares of Ollie's Bargain Outlet in the fourth quarter valued at approximately $26,000. Blue Trust Inc. lifted its position in Ollie's Bargain Outlet by 55.2% during the fourth quarter. Blue Trust Inc. now owns 284 shares of the company's stock worth $31,000 after buying an additional 101 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in shares of Ollie's Bargain Outlet in the 4th quarter worth $41,000. Finally, Tortoise Investment Management LLC acquired a new stake in Ollie's Bargain Outlet during the fourth quarter worth $45,000.

Insider Transactions at Ollie's Bargain Outlet

In related news, CFO Robert F. Helm sold 2,145 shares of the stock in a transaction 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 in the company, valued at approximately $421,848. This represents a 35.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robert Fisch sold 6,250 shares of the company's stock in a transaction that occurred on Monday, March 24th. The stock was 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 in the company, valued at approximately $2,394,944.72. This represents a 22.00 % decrease in their position. The disclosure for this sale can be found here. 0.87% of the stock is owned by insiders.

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Ollie's Bargain Outlet Stock Performance

Shares of OLLI stock traded up $4.90 during trading hours on Thursday, hitting $113.07. The company had a trading volume of 1,298,452 shares, compared to its average volume of 1,090,780. The firm has a market capitalization of $6.93 billion, a price-to-earnings ratio of 33.75, a PEG ratio of 2.21 and a beta of 0.83. The firm's fifty day moving average is $105.66 and its 200 day moving average is $102.02. Ollie's Bargain Outlet Holdings, Inc. has a 12 month low of $68.05 and a 12 month high of $120.03.

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

Analyst Ratings Changes

A number of research firms have issued reports on OLLI. UBS Group increased their target price on shares of Ollie's Bargain Outlet from $117.00 to $123.00 and gave the stock a "neutral" rating in a report on Thursday, March 20th. Royal Bank of Canada lifted their target price on shares of Ollie's Bargain Outlet from $130.00 to $133.00 and gave the company an "outperform" rating in a report 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. Bank of America boosted their price target on Ollie's Bargain Outlet from $115.00 to $130.00 and gave the stock a "buy" rating in a report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. lifted their price objective on Ollie's Bargain Outlet from $105.00 to $135.00 and gave the company an "overweight" rating in a research report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $123.08.

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.