Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Holdings Trimmed by Wellington Management Group LLP

Wellington Management Group LLP reduced its stake in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 52.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 229,542 shares of the company's stock after selling 253,502 shares during the quarter. Wellington Management Group LLP owned approximately 0.37% of Ollie's Bargain Outlet worth $25,188,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Legacy Capital Wealth Partners LLC raised its holdings in Ollie's Bargain Outlet by 3.4% in the fourth quarter. Legacy Capital Wealth Partners LLC now owns 2,834 shares of the company's stock worth $311,000 after purchasing an additional 94 shares in the last quarter. Blue Trust Inc. grew its position 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. UMB Bank n.a. raised its stake in shares of Ollie's Bargain Outlet by 25.3% during the 4th quarter. UMB Bank n.a. now owns 545 shares of the company's stock worth $60,000 after acquiring an additional 110 shares in the last quarter. Precision Wealth Strategies LLC lifted its position in Ollie's Bargain Outlet by 3.2% during the fourth quarter. Precision Wealth Strategies LLC now owns 3,889 shares of the company's stock valued at $427,000 after acquiring an additional 119 shares during the last quarter. Finally, SRS Capital Advisors Inc. boosted its stake in Ollie's Bargain Outlet by 14.4% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,098 shares of the company's stock valued at $120,000 after acquiring an additional 138 shares in the last quarter.

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Ollie's Bargain Outlet Stock Performance

NASDAQ:OLLI traded up $1.17 during mid-day trading on Friday, hitting $114.42. 1,375,912 shares of the company's stock traded hands, compared to its average volume of 1,127,942. The firm's 50 day simple moving average is $106.14 and its 200 day simple moving average is $103.35. Ollie's Bargain Outlet Holdings, Inc. has a 1 year low of $70.17 and a 1 year high of $120.03. The company has a market cap of $7.01 billion, a PE ratio of 34.16, a price-to-earnings-growth ratio of 2.21 and a beta of 0.75.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last posted its quarterly earnings data on Wednesday, March 19th. The company reported $1.19 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $674.61 million. During the same quarter last year, the business earned $1.23 EPS. Ollie's Bargain Outlet's revenue for the quarter was up 2.8% compared to the same quarter last year. On average, research analysts expect that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Citigroup raised shares of Ollie's Bargain Outlet from a "sell" rating to a "buy" rating and boosted their price objective for the company from $64.00 to $133.00 in a report on Wednesday, December 18th. Royal Bank of Canada lifted their target price on Ollie's Bargain Outlet from $130.00 to $133.00 and gave the stock an "outperform" rating in a report on Friday, March 7th. Loop Capital increased their price target on shares of Ollie's Bargain Outlet from $120.00 to $130.00 and gave the stock a "buy" rating in a report on Monday, December 23rd. UBS Group lifted their price objective 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. Finally, Piper Sandler cut their price objective 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. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $123.08.

Insider Activity at Ollie's Bargain Outlet

In other Ollie's Bargain Outlet news, CFO Robert F. Helm sold 2,145 shares of the company's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $108.50, for a total transaction of $232,732.50. Following the sale, the chief financial officer now owns 3,888 shares in the company, valued at $421,848. This represents a 35.55 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Der Valk Eric Van sold 1,153 shares of the company's 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 sale, the chief executive officer now directly owns 6,768 shares in the company, valued at approximately $750,232.80. This represents a 14.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 37,897 shares of company stock worth $4,227,970. Corporate insiders own 0.87% of the company's stock.

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.