Townsquare Capital LLC Acquires 30,336 Shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Townsquare Capital LLC boosted its stake in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 28.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 137,253 shares of the company's stock after acquiring an additional 30,336 shares during the quarter. Townsquare Capital LLC owned approximately 0.22% of Ollie's Bargain Outlet worth $15,058,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Captrust Financial Advisors lifted its stake in shares of Ollie's Bargain Outlet by 9.3% during the third quarter. Captrust Financial Advisors now owns 2,937 shares of the company's stock valued at $285,000 after acquiring an additional 250 shares during the period. Stifel Financial Corp lifted its position in Ollie's Bargain Outlet by 1.0% during the 3rd quarter. Stifel Financial Corp now owns 49,494 shares of the company's stock valued at $4,811,000 after purchasing an additional 493 shares during the period. State Street Corp boosted its stake in shares of Ollie's Bargain Outlet by 2.1% in the 3rd quarter. State Street Corp now owns 1,871,047 shares of the company's stock valued at $181,866,000 after purchasing an additional 38,203 shares during the last quarter. Barclays PLC grew its position in shares of Ollie's Bargain Outlet by 59.2% during the 3rd quarter. Barclays PLC now owns 41,307 shares of the company's stock worth $4,014,000 after buying an additional 15,357 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Ollie's Bargain Outlet by 0.9% during the third quarter. Geode Capital Management LLC now owns 1,078,544 shares of the company's stock worth $104,860,000 after buying an additional 9,492 shares during the last quarter.

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Insiders Place Their Bets

In other Ollie's Bargain Outlet news, CFO Robert F. Helm sold 312 shares of the business's stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $107.17, for a total transaction of $33,437.04. Following the transaction, the chief financial officer now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Der Valk Eric Van sold 1,153 shares of the stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $110.85, for a total value of $127,810.05. Following the completion of the sale, the chief executive officer now directly owns 6,768 shares of the company's stock, valued at approximately $750,232.80. The trade was a 14.56 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 37,897 shares of company stock valued at $4,227,970 in the last three months. 0.87% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

OLLI has been the topic of a number of recent research reports. Royal Bank of Canada raised their price objective 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. Jefferies Financial Group downgraded Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and dropped their price objective for the company from $125.00 to $111.00 in a report on Tuesday, February 4th. StockNews.com cut Ollie's Bargain Outlet from a "hold" rating to a "sell" rating in a report on Tuesday, February 4th. UBS Group upped their price target on Ollie's Bargain Outlet from $117.00 to $123.00 and gave the company a "neutral" rating in a research note on Thursday, March 20th. Finally, Loop Capital lifted their price objective on shares of 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. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, Ollie's Bargain Outlet has an average rating of "Moderate Buy" and an average target price of $123.08.

Ollie's Bargain Outlet Price Performance

Shares of OLLI traded down $1.18 during midday trading on Tuesday, hitting $114.48. The stock had a trading volume of 780,836 shares, compared to its average volume of 1,129,315. The firm has a market cap of $7.01 billion, a price-to-earnings ratio of 34.17, a price-to-earnings-growth ratio of 2.21 and a beta of 0.75. The company has a 50 day simple moving average of $106.44 and a two-hundred day simple moving average of $103.59. Ollie's Bargain Outlet Holdings, Inc. has a twelve month low of $70.17 and a twelve month high of $120.03.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last announced 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). Ollie's Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. The firm had revenue of $667.10 million during the quarter, compared to analyst estimates of $674.61 million. During the same period in the prior year, the business posted $1.23 EPS. The firm's quarterly revenue was up 2.8% compared to the same quarter last year. Analysts forecast 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.