Grandeur Peak Global Advisors LLC Has $8.53 Million Holdings in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Grandeur Peak Global Advisors LLC grew its holdings in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 3.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 77,689 shares of the company's stock after purchasing an additional 2,365 shares during the quarter. Grandeur Peak Global Advisors LLC owned approximately 0.13% of Ollie's Bargain Outlet worth $8,525,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Rockefeller Capital Management L.P. boosted its stake in Ollie's Bargain Outlet by 47.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 222,139 shares of the company's stock valued at $24,371,000 after acquiring an additional 71,536 shares during the last quarter. Sterling Capital Management LLC boosted its position in shares of Ollie's Bargain Outlet by 56.6% in the 4th quarter. Sterling Capital Management LLC now owns 3,642 shares of the company's stock worth $400,000 after purchasing an additional 1,317 shares during the last quarter. Covestor Ltd grew its stake in shares of Ollie's Bargain Outlet by 11.5% during the fourth quarter. Covestor Ltd now owns 1,387 shares of the company's stock worth $152,000 after purchasing an additional 143 shares during the period. Treasurer of the State of North Carolina increased its holdings in Ollie's Bargain Outlet by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 26,799 shares of the company's stock valued at $2,941,000 after purchasing an additional 160 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Ollie's Bargain Outlet in the fourth quarter valued at about $48,633,000.

Remove Ads

Ollie's Bargain Outlet Stock Performance

OLLI traded down $1.18 on Tuesday, hitting $114.48. 780,836 shares of the company were exchanged, compared to its average volume of 1,129,315. The company has a market cap of $7.01 billion, a PE ratio of 34.17, a PEG ratio of 2.21 and a beta of 0.75. Ollie's Bargain Outlet Holdings, Inc. has a 12 month low of $70.17 and a 12 month high of $120.03. The stock's fifty day moving average is $106.44 and its 200-day moving average is $103.59.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last issued its earnings results 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). 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 quarter in the previous year, the firm posted $1.23 earnings per share. Ollie's Bargain Outlet's quarterly revenue was up 2.8% on a year-over-year basis. As a group, equities research analysts expect that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CFO Robert F. Helm sold 2,139 shares of the stock in a transaction dated Tuesday, April 1st. The shares were 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 $342,706.14. This represents a 41.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman John W. Swygert sold 6,526 shares of the company's stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $107.87, for a total transaction of $703,959.62. Following the completion of the transaction, the chairman now owns 53,432 shares in the company, valued at approximately $5,763,709.84. This trade represents a 10.88 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 37,897 shares of company stock valued at $4,227,970. 0.87% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently commented on OLLI shares. Morgan Stanley upped their price target on Ollie's Bargain Outlet from $108.00 to $118.00 and gave the company an "equal weight" rating in a research note on Thursday, March 20th. Piper Sandler cut their target price on shares of Ollie's Bargain Outlet from $126.00 to $124.00 and set an "overweight" rating on the stock in a report on Thursday, March 20th. StockNews.com cut shares of Ollie's Bargain Outlet from a "hold" rating to a "sell" rating in a research report on Tuesday, February 4th. Jefferies Financial Group downgraded Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $125.00 to $111.00 in a research note on Tuesday, February 4th. Finally, UBS Group boosted their target price on 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 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. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $123.08.

Ollie's Bargain Outlet 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.