Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Shares Bought by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC increased its position in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 79.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,280 shares of the company's stock after acquiring an additional 3,672 shares during the period. Orion Portfolio Solutions LLC's holdings in Ollie's Bargain Outlet were worth $909,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in OLLI. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Ollie's Bargain Outlet by 489.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 230 shares of the company's stock valued at $25,000 after acquiring an additional 191 shares during the period. Wilmington Savings Fund Society FSB raised 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 valued at $26,000 after buying an additional 182 shares in the last quarter. Bogart Wealth LLC purchased a new stake in shares of Ollie's Bargain Outlet during the 4th quarter valued at about $26,000. Blue Trust Inc. raised its position 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, Harvest Fund Management Co. Ltd purchased a new stake in shares of Ollie's Bargain Outlet during the 4th quarter valued at about $41,000.

Ollie's Bargain Outlet Price Performance

OLLI traded up $3.82 on Thursday, reaching $113.85. 202,870 shares of the company's stock were exchanged, compared to its average volume of 1,148,449. The stock has a market cap of $6.97 billion, a PE ratio of 33.99, a P/E/G ratio of 2.21 and a beta of 0.75. Ollie's Bargain Outlet Holdings, Inc. has a twelve month low of $70.17 and a twelve month high of $120.03. The stock's fifty day moving average price is $105.85 and its 200-day moving average price is $103.18.

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

Insider Buying and Selling at Ollie's Bargain Outlet

In other Ollie's Bargain Outlet news, CFO Robert F. Helm sold 2,139 shares of the business's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $115.74, for a total value of $247,567.86. Following the transaction, the chief financial officer now directly owns 2,961 shares in the company, valued at $342,706.14. The trade was a 41.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Der Valk Eric Van sold 1,153 shares of the business's stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $110.85, for a total transaction of $127,810.05. Following the completion of the transaction, the chief executive officer now owns 6,768 shares in the company, valued at $750,232.80. The trade was a 14.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 37,897 shares of company stock worth $4,227,970 in the last ninety days. 0.87% of the stock is owned by insiders.

Analyst Ratings Changes

OLLI has been the topic of a number of recent analyst reports. StockNews.com lowered shares of Ollie's Bargain Outlet from a "hold" rating to a "sell" rating in a research report on Tuesday, February 4th. Jefferies Financial Group lowered shares of Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $125.00 to $111.00 in a research report on Tuesday, February 4th. Morgan Stanley raised 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. Bank of America raised their target price on shares of Ollie's Bargain Outlet from $115.00 to $130.00 and gave the stock a "buy" rating in a research report on Wednesday, December 11th. Finally, Truist Financial increased their price objective on shares of Ollie's Bargain Outlet from $109.00 to $121.00 and gave the company a "buy" rating in a research note on Wednesday, December 11th. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock 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.