Landscape Capital Management L.L.C. Buys 5,952 Shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Landscape Capital Management L.L.C. grew its holdings in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 27.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 27,904 shares of the company's stock after buying an additional 5,952 shares during the quarter. Landscape Capital Management L.L.C.'s holdings in Ollie's Bargain Outlet were worth $3,062,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings 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 lifted 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 buying an additional 182 shares during the period. Bogart Wealth LLC acquired a new stake in Ollie's Bargain Outlet in the 4th quarter valued at $26,000. Blue Trust Inc. grew its position in 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, Brown Brothers Harriman & Co. acquired a new position in Ollie's Bargain Outlet during the fourth quarter worth $33,000.

Ollie's Bargain Outlet Price Performance

Shares of NASDAQ OLLI traded down $0.87 during midday trading on Wednesday, reaching $102.62. 424,574 shares of the stock were exchanged, compared to its average volume of 1,114,262. Ollie's Bargain Outlet Holdings, Inc. has a 12 month low of $70.17 and a 12 month high of $120.03. The company has a market capitalization of $6.29 billion, a price-to-earnings ratio of 30.73, a P/E/G ratio of 2.21 and a beta of 0.75. The business has a 50-day simple moving average of $105.93 and a two-hundred day simple moving average of $103.07.

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

Insider Buying and Selling

In related news, CFO Robert F. Helm sold 312 shares of the stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $107.17, for a total transaction of $33,437.04. Following the completion of the transaction, the chief financial officer now directly owns 3,273 shares in the company, valued at approximately $350,767.41. This trade represents a 8.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Kevin Mclain sold 4,799 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $115.56, for a total value of $554,572.44. Following the completion of the sale, the senior vice president now owns 12,336 shares in the company, valued at $1,425,548.16. The trade was a 28.01 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 37,897 shares of company stock valued at $4,227,970. Company insiders own 0.87% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. increased their target price on shares of Ollie's Bargain Outlet from $105.00 to $135.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 11th. Bank of America boosted their target price 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. Citigroup raised Ollie's Bargain Outlet from a "sell" rating to a "buy" rating and raised their price target for the company from $64.00 to $133.00 in a report on Wednesday, December 18th. Wells Fargo & Company boosted their price objective on Ollie's Bargain Outlet from $95.00 to $105.00 and gave the stock an "equal weight" rating in a research note on Wednesday, December 11th. Finally, UBS Group raised 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 equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target 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.