Peregrine Capital Management LLC Decreases Position in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Peregrine Capital Management LLC lowered its stake in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 8.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 105,076 shares of the company's stock after selling 9,432 shares during the quarter. Peregrine Capital Management LLC owned 0.17% of Ollie's Bargain Outlet worth $11,530,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Atria Wealth Solutions Inc. grew its stake in shares of Ollie's Bargain Outlet by 37.1% in the 4th quarter. Atria Wealth Solutions Inc. now owns 3,511 shares of the company's stock worth $385,000 after acquiring an additional 951 shares in the last quarter. Venturi Wealth Management LLC boosted its holdings in Ollie's Bargain Outlet by 665.2% during the fourth quarter. Venturi Wealth Management LLC now owns 2,701 shares of the company's stock worth $296,000 after purchasing an additional 2,348 shares during the last quarter. Truist Financial Corp grew its position in Ollie's Bargain Outlet by 195.2% in the 4th quarter. Truist Financial Corp now owns 50,187 shares of the company's stock worth $5,507,000 after purchasing an additional 33,185 shares in the last quarter. CIBC Asset Management Inc purchased a new stake in Ollie's Bargain Outlet in the 4th quarter valued at about $205,000. Finally, Sanctuary Advisors LLC lifted its position in shares of Ollie's Bargain Outlet by 1.0% during the 4th quarter. Sanctuary Advisors LLC now owns 17,301 shares of the company's stock worth $1,953,000 after buying an additional 166 shares in the last quarter.

Analysts Set New Price Targets

OLLI has been the topic of several research analyst reports. Truist Financial boosted their price objective on Ollie's Bargain Outlet from $109.00 to $121.00 and gave the stock a "buy" rating in a research report on Wednesday, December 11th. Loop Capital lifted their price objective on shares of Ollie's Bargain Outlet from $120.00 to $130.00 and gave the stock a "buy" rating in a research report on Monday, December 23rd. StockNews.com downgraded shares of Ollie's Bargain Outlet from a "hold" rating to a "sell" rating in a research report on Tuesday, February 4th. Wells Fargo & Company raised their price target on shares of 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, Bank of America upped their price objective on Ollie's Bargain Outlet from $115.00 to $130.00 and gave the company a "buy" rating in a research note on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $118.07.

Ollie's Bargain Outlet Price Performance

OLLI stock traded down $3.83 during mid-day trading on Thursday, reaching $102.55. 477,036 shares of the company traded hands, compared to its average volume of 916,969. Ollie's Bargain Outlet Holdings, Inc. has a 52-week low of $68.05 and a 52-week high of $120.03. The company has a market capitalization of $6.28 billion, a P/E ratio of 30.61, a P/E/G ratio of 2.36 and a beta of 0.81. The company has a fifty day moving average price of $109.53 and a 200-day moving average price of $100.21.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last posted its earnings results on Tuesday, December 10th. The company reported $0.58 earnings per share for the quarter, topping analysts' consensus estimates of $0.57 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 $517.43 million for the quarter, compared to analyst estimates of $518.83 million. During the same quarter in the prior year, the firm posted $0.51 EPS. Ollie's Bargain Outlet's revenue was up 7.8% on a year-over-year basis. As a group, analysts forecast that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

Insider Buying and Selling

In related news, CEO John W. Swygert sold 4,032 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $102.51, for a total value of $413,320.32. Following the transaction, the chief executive officer now owns 48,200 shares of the company's stock, valued at $4,940,982. This represents a 7.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Larry Kraus sold 10,646 shares of Ollie's Bargain Outlet stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $115.58, for a total value of $1,230,464.68. Following the sale, the senior vice president now directly owns 1,905 shares of the company's stock, valued at approximately $220,179.90. This trade represents a 84.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 87,771 shares of company stock worth $9,650,832 over the last ninety days. 0.87% of the stock is owned by corporate insiders.

About Ollie's Bargain Outlet

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.