Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Shares Purchased by Hood River Capital Management LLC

Hood River Capital Management LLC boosted its holdings in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 2.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 787,934 shares of the company's stock after acquiring an additional 21,941 shares during the period. Ollie's Bargain Outlet accounts for about 1.3% of Hood River Capital Management LLC's portfolio, making the stock its 24th largest holding. Hood River Capital Management LLC owned approximately 1.29% of Ollie's Bargain Outlet worth $86,460,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of OLLI. Corient Private Wealth LLC increased its position in shares of Ollie's Bargain Outlet by 86.2% during the fourth quarter. Corient Private Wealth LLC now owns 8,438 shares of the company's stock worth $926,000 after purchasing an additional 3,906 shares in the last quarter. Next Century Growth Investors LLC boosted its holdings in shares of Ollie's Bargain Outlet by 27.6% in the 4th quarter. Next Century Growth Investors LLC now owns 162,136 shares of the company's stock valued at $17,791,000 after purchasing an additional 35,075 shares during the last quarter. Oak Thistle LLC acquired a new stake in shares of Ollie's Bargain Outlet in the fourth quarter worth $1,345,000. JPMorgan Chase & Co. lifted its holdings in Ollie's Bargain Outlet by 130.5% in the 4th quarter. JPMorgan Chase & Co. now owns 436,366 shares of the company's stock worth $47,882,000 after buying an additional 247,065 shares in the last quarter. Finally, Van ECK Associates Corp raised its stake in shares of Ollie's Bargain Outlet by 36.5% in the 4th quarter. Van ECK Associates Corp now owns 46,659 shares of the company's stock valued at $5,120,000 after purchasing an additional 12,476 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Royal Bank of Canada boosted their price objective on Ollie's Bargain Outlet from $130.00 to $133.00 and gave the stock an "outperform" rating in a research report on Friday, March 7th. Morgan Stanley increased their price objective on Ollie's Bargain Outlet from $108.00 to $118.00 and gave the stock an "equal weight" rating in a report on Thursday, March 20th. StockNews.com downgraded shares of Ollie's Bargain Outlet from a "hold" rating to a "sell" rating in a report on Tuesday, February 4th. Jefferies Financial Group lowered 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 research note on Tuesday, February 4th. Finally, UBS Group increased their price objective on Ollie's Bargain Outlet from $117.00 to $123.00 and gave the stock a "neutral" rating in a research note on Thursday, March 20th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $123.08.

Ollie's Bargain Outlet Stock Up 3.0 %

OLLI opened at $109.74 on Wednesday. The business has a 50 day moving average of $107.03 and a 200-day moving average of $104.06. The stock has a market cap of $6.72 billion, a PE ratio of 32.76, a PEG ratio of 2.21 and a beta of 0.75. Ollie's Bargain Outlet Holdings, Inc. has a 52 week low of $70.17 and a 52 week high of $120.03.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last released its quarterly earnings results on Wednesday, March 19th. The company reported $1.19 earnings per share (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 firm had revenue of $667.10 million for the quarter, compared to the consensus estimate of $674.61 million. During the same quarter in the prior year, the firm earned $1.23 earnings per share. The company's revenue for the quarter was up 2.8% compared to the same quarter last year. Equities analysts anticipate that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

Insider Transactions at Ollie's Bargain Outlet

In other news, CFO Robert F. Helm sold 312 shares of the stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $107.17, for a total transaction of $33,437.04. Following the sale, the chief financial officer now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Der Valk Eric Van sold 525 shares of Ollie's Bargain Outlet stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $112.94, for a total transaction of $59,293.50. Following the sale, the chief executive officer now directly owns 6,793 shares of the company's stock, valued at approximately $767,201.42. This trade represents a 7.17 % 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 ninety days. 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.

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