Quantbot Technologies LP Takes $1.18 Million Position in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Quantbot Technologies LP bought a new stake in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,710 shares of the company's stock, valued at approximately $1,175,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Quest Partners LLC purchased a new stake in Ollie's Bargain Outlet during the 3rd quarter valued at about $196,000. Charles Schwab Investment Management Inc. increased its stake in shares of Ollie's Bargain Outlet by 0.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 753,658 shares of the company's stock worth $73,256,000 after buying an additional 5,438 shares during the period. Great Valley Advisor Group Inc. bought a new stake in Ollie's Bargain Outlet during the 3rd quarter valued at $222,000. Loomis Sayles & Co. L P purchased a new stake in Ollie's Bargain Outlet during the 3rd quarter valued at $16,590,000. Finally, Hancock Whitney Corp bought a new stake in Ollie's Bargain Outlet in the 3rd quarter worth $988,000.

Wall Street Analysts Forecast Growth

OLLI has been the subject of several research reports. Bank of America increased their price target on shares of Ollie's Bargain Outlet from $115.00 to $130.00 and gave the stock a "buy" rating in a research note on Wednesday, December 11th. StockNews.com lowered shares of Ollie's Bargain Outlet from a "hold" rating to a "sell" rating in a report on Tuesday, February 4th. Loop Capital upped their price target on Ollie's Bargain Outlet from $120.00 to $130.00 and gave the stock a "buy" rating in a research note on Monday, December 23rd. Jefferies Financial Group cut Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and lowered their price objective for the company from $125.00 to $111.00 in a research note on Tuesday, February 4th. Finally, Citigroup raised Ollie's Bargain Outlet from a "sell" rating to a "buy" rating and increased their target price for the stock from $64.00 to $133.00 in a research note on Wednesday, December 18th. One research 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's stock. According to data from MarketBeat.com, Ollie's Bargain Outlet has a consensus rating of "Moderate Buy" and a consensus price target of $123.08.

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Insider Activity

In other news, Director Robert Fisch sold 6,250 shares of the company's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $108.08, for a total value of $675,500.00. Following the completion of the sale, the director now directly owns 22,159 shares in the company, valued at $2,394,944.72. This represents a 22.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Robert F. Helm sold 2,145 shares of Ollie's Bargain Outlet stock in a transaction 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 transaction, the chief financial officer now owns 3,888 shares in the company, valued at $421,848. This trade represents a 35.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 20,153 shares of company stock valued at $2,200,844 in the last quarter. 0.87% of the stock is currently owned by insiders.

Ollie's Bargain Outlet Price Performance

Ollie's Bargain Outlet stock traded up $0.17 during midday trading on Friday, reaching $113.24. 923,401 shares of the company traded hands, compared to its average volume of 1,107,502. Ollie's Bargain Outlet Holdings, Inc. has a 12 month low of $68.05 and a 12 month high of $120.03. The firm has a market capitalization of $6.94 billion, a price-to-earnings ratio of 33.80, a price-to-earnings-growth ratio of 2.21 and a beta of 0.83. The business has a 50 day moving average of $105.96 and a two-hundred day moving average of $102.31.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last released its quarterly 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 firm 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%. The business's quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the business earned $1.23 earnings per share. As a group, equities analysts forecast that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 EPS 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.