Wasatch Advisors LP Sells 82,211 Shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Wasatch Advisors LP cut its holdings in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 2.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,923,595 shares of the company's stock after selling 82,211 shares during the period. Ollie's Bargain Outlet accounts for 2.1% of Wasatch Advisors LP's portfolio, making the stock its 9th biggest position. Wasatch Advisors LP owned approximately 6.40% of Ollie's Bargain Outlet worth $430,536,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. EAM Global Investors LLC bought a new position in Ollie's Bargain Outlet during the 4th quarter valued at approximately $4,339,000. EAM Investors LLC bought a new position in shares of Ollie's Bargain Outlet during the fourth quarter valued at $4,968,000. Jump Financial LLC purchased a new position in shares of Ollie's Bargain Outlet in the 4th quarter worth about $5,916,000. Mariner LLC boosted its stake in Ollie's Bargain Outlet by 15.6% in the 4th quarter. Mariner LLC now owns 14,950 shares of the company's stock worth $1,640,000 after purchasing an additional 2,022 shares in the last quarter. Finally, Barclays PLC grew its position in Ollie's Bargain Outlet by 75.9% during the 4th quarter. Barclays PLC now owns 72,671 shares of the company's stock valued at $7,976,000 after purchasing an additional 31,364 shares during the last quarter.

Insider Transactions at Ollie's Bargain Outlet

In related 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 completion of the sale, the chief financial officer now owns 3,273 shares in the company, valued at $350,767.41. The trade was a 8.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman John W. Swygert sold 6,526 shares of the business's stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $107.87, for a total transaction of $703,959.62. Following the sale, the chairman now owns 53,432 shares of the company's stock, valued at $5,763,709.84. This represents a 10.88 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 37,897 shares of company stock worth $4,227,970. 0.87% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Loop Capital boosted 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. Morgan Stanley increased their price target on shares of 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. Jefferies Financial Group lowered shares of Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and reduced their target price for the stock from $125.00 to $111.00 in a report on Tuesday, February 4th. StockNews.com downgraded Ollie's Bargain Outlet from a "hold" rating to a "sell" rating in a research report on Tuesday, February 4th. Finally, 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 note on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $123.08.

Ollie's Bargain Outlet Stock Up 1.8 %

Shares of NASDAQ OLLI traded up $1.98 during trading hours on Friday, hitting $111.95. 1,118,807 shares of the stock were exchanged, compared to its average volume of 1,132,831. Ollie's Bargain Outlet Holdings, Inc. has a 12 month low of $70.17 and a 12 month high of $120.03. The company has a market cap of $6.86 billion, a PE ratio of 33.42, a PEG ratio of 2.21 and a beta of 0.75. The firm has a fifty day moving average price of $106.89 and a 200-day moving average price of $103.85.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last released its quarterly earnings data on Wednesday, March 19th. The company reported $1.19 EPS for the quarter, missing the consensus estimate 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 business had revenue of $667.10 million during the quarter, compared to analysts' expectations of $674.61 million. During the same period last year, the company earned $1.23 earnings per share. The firm's revenue was up 2.8% on a year-over-year basis. As a group, equities analysts anticipate that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal 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.