Loomis Sayles & Co. L P Has $29.35 Million Stock Position in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Loomis Sayles & Co. L P lifted its position in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 56.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 267,481 shares of the company's stock after acquiring an additional 96,800 shares during the period. Loomis Sayles & Co. L P owned 0.44% of Ollie's Bargain Outlet worth $29,351,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Legacy Capital Wealth Partners LLC raised its stake in shares of Ollie's Bargain Outlet by 3.4% in the 4th quarter. Legacy Capital Wealth Partners LLC now owns 2,834 shares of the company's stock valued at $311,000 after acquiring an additional 94 shares during the period. Blue Trust Inc. lifted its stake in Ollie's Bargain Outlet by 55.2% during the 4th quarter. Blue Trust Inc. now owns 284 shares of the company's stock worth $31,000 after acquiring an additional 101 shares in the last quarter. UMB Bank n.a. boosted its stake in shares of Ollie's Bargain Outlet by 25.3% in the fourth quarter. UMB Bank n.a. now owns 545 shares of the company's stock valued at $60,000 after purchasing an additional 110 shares during the period. Precision Wealth Strategies LLC boosted its position in Ollie's Bargain Outlet by 3.2% in the 4th quarter. Precision Wealth Strategies LLC now owns 3,889 shares of the company's stock valued at $427,000 after buying an additional 119 shares during the period. Finally, SRS Capital Advisors Inc. grew its stake in shares of Ollie's Bargain Outlet by 14.4% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,098 shares of the company's stock worth $120,000 after acquiring an additional 138 shares in the last quarter.

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Analyst Upgrades and Downgrades

Several brokerages have issued reports on OLLI. Loop Capital raised their price objective on Ollie's Bargain Outlet from $120.00 to $130.00 and gave the stock a "buy" rating in a report on Monday, December 23rd. Piper Sandler lowered their target price on shares of Ollie's Bargain Outlet from $126.00 to $124.00 and set an "overweight" rating for the company in a report on Thursday, March 20th. Morgan Stanley lifted their target price on Ollie's Bargain Outlet from $108.00 to $118.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 20th. Wells Fargo & Company boosted their target price on shares of Ollie's Bargain Outlet from $95.00 to $105.00 and gave the company an "equal weight" rating in a research note on Wednesday, December 11th. Finally, UBS Group raised their price target 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. 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. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $123.08.

Insider Transactions at Ollie's Bargain Outlet

In other news, Chairman John W. Swygert sold 6,526 shares of Ollie's Bargain Outlet stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $107.87, for a total value of $703,959.62. Following the completion of the transaction, the chairman now directly owns 53,432 shares of the company's stock, valued at approximately $5,763,709.84. This trade represents a 10.88 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Robert F. Helm sold 2,145 shares of the company's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $108.50, for a total value of $232,732.50. Following the sale, the chief financial officer now owns 3,888 shares in the company, valued at approximately $421,848. The trade was a 35.55 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 20,153 shares of company stock worth $2,200,844 over the last three months. 0.87% of the stock is owned by company insiders.

Ollie's Bargain Outlet Trading Down 0.9 %

OLLI stock traded down $1.03 during trading hours on Tuesday, hitting $115.33. 444,270 shares of the stock were exchanged, compared to its average volume of 1,105,469. Ollie's Bargain Outlet Holdings, Inc. has a 12 month low of $68.05 and a 12 month high of $120.03. The firm has a market capitalization of $7.07 billion, a P/E ratio of 34.36, a P/E/G ratio of 2.21 and a beta of 0.83. The company has a 50-day simple moving average of $106.15 and a two-hundred day simple moving average of $102.48.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last released its 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 business had revenue of $667.10 million during the quarter, compared to the consensus estimate of $674.61 million. During the same quarter in the prior year, the firm earned $1.23 EPS. The business's revenue was up 2.8% on a year-over-year basis. On average, equities research analysts predict that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

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.