Rockefeller Capital Management L.P. Increases Stake in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Rockefeller Capital Management L.P. grew its position in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 47.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 222,139 shares of the company's stock after buying an additional 71,536 shares during the quarter. Rockefeller Capital Management L.P. owned 0.36% of Ollie's Bargain Outlet worth $24,371,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in OLLI. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Ollie's Bargain Outlet by 489.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 230 shares of the company's stock worth $25,000 after purchasing an additional 191 shares during the last quarter. Wilmington Savings Fund Society FSB raised its holdings 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 worth $26,000 after buying 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 worth $26,000. Blue Trust Inc. boosted its stake in Ollie's Bargain Outlet by 55.2% in the fourth 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. bought a new position in Ollie's Bargain Outlet in the fourth quarter valued at about $33,000.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Piper Sandler reduced their price target on shares of Ollie's Bargain Outlet from $126.00 to $124.00 and set an "overweight" rating on the stock in a research note on Thursday, March 20th. UBS Group raised their target price on shares of Ollie's Bargain Outlet from $117.00 to $123.00 and gave the company a "neutral" rating in a research report on Thursday, March 20th. StockNews.com downgraded shares of Ollie's Bargain Outlet from a "hold" rating to a "sell" rating in a report on Tuesday, February 4th. Jefferies Financial Group cut 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 note on Tuesday, February 4th. Finally, Morgan Stanley boosted their price objective on 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 investment 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. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $123.08.

Ollie's Bargain Outlet Trading Up 1.8 %

NASDAQ:OLLI traded up $1.98 on Friday, reaching $111.95. 1,118,807 shares of the stock traded hands, compared to its average volume of 1,130,959. The firm has a market capitalization of $6.86 billion, a price-to-earnings ratio of 33.42, a price-to-earnings-growth ratio of 2.21 and a beta of 0.75. The company's 50 day moving average is $106.72 and its 200-day moving average is $103.73. Ollie's Bargain Outlet Holdings, Inc. has a 1-year low of $70.17 and a 1-year high of $120.03.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $667.10 million during the quarter, compared to analyst estimates of $674.61 million. Ollie's Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. The firm's revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.23 earnings per share. On average, equities research analysts forecast that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

Insider Activity

In related news, CFO Robert F. Helm sold 312 shares of the business's stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $107.17, for a total value of $33,437.04. Following the completion of the sale, the chief financial officer now directly owns 3,273 shares of the company's stock, valued at $350,767.41. The trade was a 8.70 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman John W. Swygert sold 6,526 shares of the stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $107.87, for a total value of $703,959.62. Following the completion of the transaction, the chairman now owns 53,432 shares in the company, valued at approximately $5,763,709.84. The trade was a 10.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 37,897 shares of company stock worth $4,227,970 in the last quarter. 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.