Fmr LLC Sells 1,435,451 Shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

FMR LLC cut its stake in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 16.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,427,168 shares of the company's stock after selling 1,435,451 shares during the period. FMR LLC owned about 12.12% of Ollie's Bargain Outlet worth $814,983,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of OLLI. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Ollie's Bargain Outlet by 489.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 230 shares of the company's stock worth $25,000 after acquiring an additional 191 shares in the last quarter. Wilmington Savings Fund Society FSB increased 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 worth $26,000 after purchasing an additional 182 shares in the last quarter. Bogart Wealth LLC bought a new stake in shares of Ollie's Bargain Outlet during the 4th quarter valued at $26,000. Blue Trust Inc. lifted its stake in shares of Ollie's Bargain Outlet by 55.2% during the 4th quarter. Blue Trust Inc. now owns 284 shares of the company's stock valued at $31,000 after buying an additional 101 shares in the last quarter. Finally, Brown Brothers Harriman & Co. purchased a new position in shares of Ollie's Bargain Outlet during the 4th quarter valued at $33,000.

Insider Activity

In other news, CFO Robert F. Helm sold 312 shares of Ollie's Bargain Outlet stock in a transaction on 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 sale, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert Fisch sold 6,250 shares of the business's stock in a transaction on 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 of the company's stock, valued at $2,394,944.72. This represents a 22.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 37,897 shares of company stock valued at $4,227,970. 0.87% of the stock is currently owned by company insiders.

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Analyst Ratings Changes

OLLI has been the topic of a number of recent analyst reports. Piper Sandler decreased their price target on 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. Citigroup raised Ollie's Bargain Outlet from a "sell" rating to a "buy" rating and boosted their price target for the stock from $64.00 to $133.00 in a report on Wednesday, December 18th. Jefferies Financial Group lowered shares of Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and cut their price objective for the company from $125.00 to $111.00 in a report on Tuesday, February 4th. Loop Capital lifted their price objective on shares of Ollie's Bargain Outlet from $120.00 to $130.00 and gave the company a "buy" rating in a research report on Monday, December 23rd. Finally, Morgan Stanley upped their target price on shares of 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. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Ollie's Bargain Outlet has a consensus rating of "Moderate Buy" and a consensus price target of $123.08.

Ollie's Bargain Outlet Trading Up 1.0 %

Shares of NASDAQ:OLLI traded up $1.17 during trading on Friday, reaching $114.42. The company's stock had a trading volume of 1,375,912 shares, compared to its average volume of 1,129,415. The firm's 50 day simple moving average is $106.14 and its two-hundred day simple moving average is $103.38. Ollie's Bargain Outlet Holdings, Inc. has a 12 month low of $70.17 and a 12 month high of $120.03. The stock has a market capitalization of $7.01 billion, a PE ratio of 34.16, a price-to-earnings-growth ratio of 2.21 and a beta of 0.75.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last announced its earnings results on Wednesday, March 19th. The company reported $1.19 EPS for the quarter, missing analysts' consensus estimates of $1.20 by ($0.01). The company had revenue of $667.10 million during the quarter, compared to analysts' expectations of $674.61 million. Ollie's Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. Ollie's Bargain Outlet's revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.23 EPS. Research analysts anticipate that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

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.