Sei Investments Co. Purchases 32,137 Shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Sei Investments Co. increased its stake in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 10.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 346,671 shares of the company's stock after buying an additional 32,137 shares during the quarter. Sei Investments Co. owned 0.57% of Ollie's Bargain Outlet worth $38,041,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Wilmington Savings Fund Society FSB lifted its position in shares of Ollie's Bargain Outlet by 337.0% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 236 shares of the company's stock valued at $26,000 after purchasing an additional 182 shares in the last quarter. Bogart Wealth LLC bought a new position in shares of Ollie's Bargain Outlet during the 4th quarter worth approximately $26,000. Blue Trust Inc. boosted its stake in shares of Ollie's Bargain Outlet by 55.2% in the 4th quarter. Blue Trust Inc. now owns 284 shares of the company's stock worth $31,000 after buying an additional 101 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new position in shares of Ollie's Bargain Outlet in the fourth quarter valued at approximately $41,000. Finally, Tortoise Investment Management LLC purchased a new stake in shares of Ollie's Bargain Outlet during the fourth quarter valued at approximately $45,000.

Insiders Place Their Bets

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 transaction of $675,500.00. Following the transaction, the director now directly owns 22,159 shares of the company's stock, valued at $2,394,944.72. This represents a 22.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.87% of the stock is currently owned by company insiders.

Remove Ads

Analyst Upgrades and Downgrades

OLLI has been the subject of a number of recent analyst reports. StockNews.com downgraded Ollie's Bargain Outlet from a "hold" rating to a "sell" rating in a research note on Tuesday, February 4th. Craig Hallum increased their target price on shares of Ollie's Bargain Outlet from $107.00 to $130.00 and gave the stock a "buy" rating in a research report on Wednesday, December 11th. UBS Group raised their target price on Ollie's Bargain Outlet from $117.00 to $123.00 and gave the stock a "neutral" rating in a research note on Thursday, March 20th. Piper Sandler reduced their target price on Ollie's Bargain Outlet from $126.00 to $124.00 and set an "overweight" rating for the company in a report on Thursday, March 20th. Finally, Jefferies Financial Group lowered shares of Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and cut their price objective for the company from $125.00 to $111.00 in a research report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $123.08.

Ollie's Bargain Outlet Stock Down 1.7 %

Shares of Ollie's Bargain Outlet stock traded down $1.85 on Tuesday, hitting $106.37. The stock had a trading volume of 1,133,675 shares, compared to its average volume of 1,091,445. The stock's 50-day simple moving average is $105.43 and its two-hundred day simple moving average is $101.98. Ollie's Bargain Outlet Holdings, Inc. has a one year low of $68.05 and a one year high of $120.03. The stock has a market cap of $6.52 billion, a price-to-earnings ratio of 31.75, a PEG ratio of 2.21 and a beta of 0.83.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last announced 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 business had revenue of $667.10 million for 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 firm's revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.23 EPS. As a group, equities analysts predict that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

Ollie's Bargain Outlet Company 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.