Stevens Capital Management LP Invests $667,000 in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Stevens Capital Management LP bought 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 SEC. The firm bought 6,078 shares of the company's stock, valued at approximately $667,000.

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

Ollie's Bargain Outlet Trading Up 4.5 %

Shares of OLLI stock traded up $4.90 on Thursday, reaching $113.07. The company's stock had a trading volume of 1,300,027 shares, compared to its average volume of 1,091,810. The company has a market capitalization of $6.93 billion, a price-to-earnings ratio of 33.75, a price-to-earnings-growth ratio of 2.21 and a beta of 0.83. The stock's fifty day simple moving average is $105.83 and its 200-day simple moving average is $102.10. Ollie's Bargain Outlet Holdings, Inc. has a 1 year low of $68.05 and a 1 year high of $120.03.

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Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last posted its earnings results on Wednesday, March 19th. The company reported $1.19 earnings per share for the quarter, missing analysts' consensus estimates of $1.20 by ($0.01). Ollie's Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The business had revenue of $667.10 million during the quarter, compared to the consensus estimate of $674.61 million. During the same quarter last year, the firm earned $1.23 earnings per share. The business's quarterly revenue was up 2.8% on a year-over-year basis. Equities research analysts forecast that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

Insider Activity

In other news, Director Robert Fisch sold 6,250 shares of the firm's stock in a transaction dated Monday, March 24th. The shares were 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 owns 22,159 shares in the company, valued at approximately $2,394,944.72. This trade represents a 22.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Robert F. Helm sold 2,145 shares of Ollie's Bargain Outlet stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $108.50, for a total transaction of $232,732.50. Following the transaction, the chief financial officer now directly owns 3,888 shares of the company's stock, valued at approximately $421,848. This represents a 35.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.87% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. 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. Loop Capital raised their price target on Ollie's Bargain Outlet from $120.00 to $130.00 and gave the company a "buy" rating in a report on Monday, December 23rd. Truist Financial upped their price objective on Ollie's Bargain Outlet from $109.00 to $121.00 and gave the stock a "buy" rating in a research note on Wednesday, December 11th. Jefferies Financial Group downgraded Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and decreased their target price for the company from $125.00 to $111.00 in a research note on Tuesday, February 4th. Finally, JPMorgan Chase & Co. upped their price target on Ollie's Bargain Outlet from $105.00 to $135.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 11th. One equities 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. Based on data from MarketBeat.com, Ollie's Bargain Outlet presently has a consensus rating of "Moderate Buy" and an average target price of $123.08.

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.