4,485 Shares in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Acquired by Premier Fund Managers Ltd

Premier Fund Managers Ltd purchased a new position in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 4,485 shares of the company's stock, valued at approximately $496,000.

Several other large investors have also recently made changes to their positions in OLLI. Corient Private Wealth LLC boosted its stake in Ollie's Bargain Outlet by 86.2% during the 4th quarter. Corient Private Wealth LLC now owns 8,438 shares of the company's stock worth $926,000 after purchasing an additional 3,906 shares during the last quarter. Oak Thistle LLC purchased a new position in shares of Ollie's Bargain Outlet in the fourth quarter worth about $1,345,000. JPMorgan Chase & Co. boosted its position in Ollie's Bargain Outlet by 79.6% during the third quarter. JPMorgan Chase & Co. now owns 189,301 shares of the company's stock worth $18,400,000 after acquiring an additional 83,882 shares during the last quarter. Van ECK Associates Corp grew its stake in Ollie's Bargain Outlet by 36.5% during the 4th quarter. Van ECK Associates Corp now owns 46,659 shares of the company's stock valued at $5,120,000 after acquiring an additional 12,476 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Ollie's Bargain Outlet by 0.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 753,658 shares of the company's stock valued at $73,256,000 after acquiring an additional 5,438 shares during the last quarter.

Insider Activity

In other news, Chairman John W. Swygert sold 6,526 shares of the firm's stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $107.87, for a total transaction 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 $5,763,709.84. This trade represents a 10.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Robert F. Helm sold 2,145 shares of the company's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $108.50, for a total value of $232,732.50. Following the completion of the sale, the chief financial officer now directly 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 90 days. 0.87% of the stock is currently owned by corporate insiders.

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Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on OLLI shares. Jefferies Financial Group lowered Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and dropped their price target for the company from $125.00 to $111.00 in a research report on Tuesday, February 4th. Craig Hallum raised their target price on Ollie's Bargain Outlet from $107.00 to $130.00 and gave the stock a "buy" rating in a research note on Wednesday, December 11th. Wells Fargo & Company boosted their price target on shares of Ollie's Bargain Outlet from $95.00 to $105.00 and gave the company an "equal weight" rating in a research report on Wednesday, December 11th. Citigroup raised shares of Ollie's Bargain Outlet from a "sell" rating to a "buy" rating and lifted their target price for the stock from $64.00 to $133.00 in a research note on Wednesday, December 18th. Finally, Royal Bank of Canada increased their price target on shares of Ollie's Bargain Outlet from $130.00 to $133.00 and gave the company an "outperform" rating in a research note on Friday, March 7th. One investment 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. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $123.08.

Ollie's Bargain Outlet Trading Up 2.9 %

Shares of NASDAQ:OLLI traded up $3.37 on Wednesday, reaching $117.92. 892,650 shares of the company were exchanged, compared to its average volume of 1,105,950. Ollie's Bargain Outlet Holdings, Inc. has a 1-year low of $68.05 and a 1-year high of $120.03. The company has a 50-day moving average of $106.16 and a 200-day moving average of $102.59. The firm has a market cap of $7.22 billion, a price-to-earnings ratio of 35.20, a price-to-earnings-growth ratio of 2.21 and a beta of 0.83.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last issued 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). 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 net margin of 9.22% and a return on equity of 13.15%. The company's quarterly revenue was up 2.8% on a year-over-year basis. During the same period last year, the business posted $1.23 earnings per share. As a group, analysts forecast 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.