Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its stake in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 130.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 436,366 shares of the company's stock after buying an additional 247,065 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.71% of Ollie's Bargain Outlet worth $47,882,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in 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 in the last quarter. Wilmington Savings Fund Society FSB raised its stake in shares of 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 valued at $26,000 after acquiring an additional 182 shares during the period. Bogart Wealth LLC purchased a new stake in shares of Ollie's Bargain Outlet in the fourth quarter valued at $26,000. Blue Trust Inc. raised its stake 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 purchased a new stake in shares of Ollie's Bargain Outlet in the fourth quarter valued at $41,000.

Ollie's Bargain Outlet Stock Performance

Ollie's Bargain Outlet stock traded up $3.82 during trading on Thursday, reaching $113.85. The company had a trading volume of 202,870 shares, compared to its average volume of 1,148,449. The firm's 50-day simple moving average is $105.85 and its 200 day simple moving average is $103.18. Ollie's Bargain Outlet Holdings, Inc. has a 1-year low of $70.17 and a 1-year high of $120.03. The firm has a market capitalization of $6.97 billion, a PE ratio of 33.99, a price-to-earnings-growth ratio of 2.21 and a beta of 0.75.

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Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last announced its earnings results 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 business had revenue of $667.10 million for the quarter, compared to analyst estimates of $674.61 million. During the same period last year, the firm earned $1.23 EPS. The company's revenue for the quarter was up 2.8% compared to the same quarter last year. Analysts anticipate that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on OLLI shares. Citigroup upgraded shares of Ollie's Bargain Outlet from a "sell" rating to a "buy" rating and upped their price target for the stock from $64.00 to $133.00 in a report on Wednesday, December 18th. Jefferies Financial Group cut shares of Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and lowered their price target for the company from $125.00 to $111.00 in a report on Tuesday, February 4th. Morgan Stanley raised their price target on shares of Ollie's Bargain Outlet from $108.00 to $118.00 and gave the company an "equal weight" rating in a report on Thursday, March 20th. Piper Sandler decreased their price objective on shares of Ollie's Bargain Outlet from $126.00 to $124.00 and set an "overweight" rating for the company in a research report on Thursday, March 20th. Finally, Truist Financial increased their price objective on shares of Ollie's Bargain Outlet from $109.00 to $121.00 and gave the company a "buy" rating in a research report on Wednesday, December 11th. One equities 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. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $123.08.

Insider Transactions at Ollie's Bargain Outlet

In other Ollie's Bargain Outlet news, Director Robert Fisch sold 6,250 shares of the business's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $108.08, for a total transaction 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 represents a 22.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Robert F. Helm sold 312 shares of the business's stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $107.17, for a total value of $33,437.04. Following the transaction, the chief financial officer now directly owns 3,273 shares of the company's stock, valued at approximately $350,767.41. This represents a 8.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 37,897 shares of company stock worth $4,227,970 in the last quarter. Company insiders own 0.87% of the company's stock.

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.