Capital Research Global Investors Has $273.89 Million Stock Position in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Capital Research Global Investors decreased its holdings in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 4.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,496,038 shares of the company's stock after selling 104,190 shares during the quarter. Capital Research Global Investors owned about 4.07% of Ollie's Bargain Outlet worth $273,890,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. grew its holdings in Ollie's Bargain Outlet by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 5,821,957 shares of the company's stock worth $638,843,000 after acquiring an additional 70,496 shares during the period. Congress Asset Management Co. grew its stake in shares of Ollie's Bargain Outlet by 181.6% during the fourth quarter. Congress Asset Management Co. now owns 1,916,584 shares of the company's stock worth $210,307,000 after purchasing an additional 1,235,994 shares during the period. Invesco Ltd. increased its holdings in Ollie's Bargain Outlet by 1.1% in the fourth quarter. Invesco Ltd. now owns 1,645,472 shares of the company's stock valued at $180,558,000 after purchasing an additional 17,302 shares during the last quarter. Alliancebernstein L.P. lifted its stake in Ollie's Bargain Outlet by 12.9% in the fourth quarter. Alliancebernstein L.P. now owns 1,629,572 shares of the company's stock valued at $178,813,000 after buying an additional 186,313 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in Ollie's Bargain Outlet by 2.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,242,332 shares of the company's stock worth $136,325,000 after buying an additional 24,890 shares during the last quarter.

Ollie's Bargain Outlet Stock Up 0.9 %

Shares of OLLI stock traded up $1.00 on Friday, reaching $106.44. The stock had a trading volume of 467,994 shares, compared to its average volume of 1,143,167. Ollie's Bargain Outlet Holdings, Inc. has a 12 month low of $70.17 and a 12 month high of $120.03. The firm has a market capitalization of $6.52 billion, a price-to-earnings ratio of 31.85, a P/E/G ratio of 2.21 and a beta of 0.75. The firm's 50-day moving average is $107.02 and its two-hundred day moving average is $104.19.

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 (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 analyst estimates of $674.61 million. During the same period in the previous year, the business earned $1.23 earnings per share. The business's quarterly revenue was up 2.8% on a year-over-year basis. On average, sell-side analysts forecast that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Robert F. Helm sold 312 shares of the business's stock in a transaction on Monday, April 7th. The stock was sold at an average price of $107.17, for a total value of $33,437.04. Following the completion of the sale, the chief financial officer now directly owns 3,273 shares in the company, valued at $350,767.41. The trade was a 8.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 completion of the sale, the director now directly owns 22,159 shares of the company's stock, valued at approximately $2,394,944.72. The trade was a 22.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 37,897 shares of company stock worth $4,227,970 over the last three months. Insiders own 0.87% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. StockNews.com lowered Ollie's Bargain Outlet from a "hold" rating to a "sell" rating in a report on Tuesday, February 4th. Jefferies Financial Group cut shares of Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and reduced their price target for the company from $125.00 to $111.00 in a report on Tuesday, February 4th. Piper Sandler dropped their price objective 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. Royal Bank of Canada increased their target price on Ollie's Bargain Outlet from $130.00 to $133.00 and gave the stock an "outperform" rating in a report on Friday, March 7th. Finally, Morgan Stanley boosted their price target on 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. One 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, the company has an average rating of "Moderate Buy" and an average 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.