Ameriprise Financial Inc. Sells 18,651 Shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Ameriprise Financial Inc. lessened its position in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 4.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 359,799 shares of the company's stock after selling 18,651 shares during the period. Ameriprise Financial Inc. owned approximately 0.59% of Ollie's Bargain Outlet worth $39,483,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of OLLI. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Ollie's Bargain Outlet by 489.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 230 shares of the company's stock worth $25,000 after acquiring an additional 191 shares during the period. Wilmington Savings Fund Society FSB increased its holdings in Ollie's Bargain Outlet by 337.0% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 236 shares of the company's stock worth $26,000 after acquiring an additional 182 shares during the period. Bogart Wealth LLC bought a new stake in Ollie's Bargain Outlet during the 4th quarter worth approximately $26,000. Blue Trust Inc. increased its holdings 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. Finally, Brown Brothers Harriman & Co. bought a new stake in Ollie's Bargain Outlet during the 4th quarter worth approximately $33,000.

Analysts Set New Price Targets

A number of analysts recently weighed in on OLLI shares. Morgan Stanley upped their target price on shares of Ollie's Bargain Outlet from $108.00 to $118.00 and gave the stock an "equal weight" rating in a report on Thursday, March 20th. Royal Bank of Canada increased their price target on shares of Ollie's Bargain Outlet from $130.00 to $133.00 and gave the stock an "outperform" rating in a report on Friday, March 7th. Jefferies Financial Group lowered shares of Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and decreased their price target for the stock from $125.00 to $111.00 in a report on Tuesday, February 4th. UBS Group increased their price target on shares of Ollie's Bargain Outlet from $117.00 to $123.00 and gave the stock a "neutral" rating in a report on Thursday, March 20th. Finally, StockNews.com lowered shares of Ollie's Bargain Outlet from a "hold" rating to a "sell" rating in a report on Tuesday, February 4th. One research 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. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $123.08.

Ollie's Bargain Outlet Stock Performance

Shares of Ollie's Bargain Outlet stock opened at $106.17 on Monday. Ollie's Bargain Outlet Holdings, Inc. has a 52-week low of $72.19 and a 52-week high of $120.03. The stock has a market capitalization of $6.52 billion, a price-to-earnings ratio of 31.69, a price-to-earnings-growth ratio of 2.21 and a beta of 0.45. The company has a fifty day moving average of $108.40 and a 200-day moving average of $105.43.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last announced its quarterly earnings data 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 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 posted $1.23 EPS. Ollie's Bargain Outlet's revenue for the quarter was up 2.8% on a year-over-year basis. On average, equities research analysts forecast that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal year.

Insider Buying and Selling at Ollie's Bargain Outlet

In other Ollie's Bargain Outlet news, CEO Der Valk Eric Van sold 1,153 shares of the stock in a transaction on Monday, March 31st. The shares were sold at an average price of $110.85, for a total transaction of $127,810.05. Following the completion of the sale, the chief executive officer now owns 6,768 shares of the company's stock, valued at $750,232.80. This represents a 14.56% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Robert F. Helm sold 2,145 shares of the stock in a transaction on Monday, March 24th. The shares were sold at an average price of $108.50, for a total transaction of $232,732.50. Following the sale, the chief financial officer now directly owns 3,888 shares of the company's stock, valued at $421,848. The trade was a 35.55% decrease in their position. The disclosure for this sale can be found here. Insiders sold 37,897 shares of company stock valued at $4,227,970 in the last quarter. Company insiders own 0.87% of the company's stock.

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.

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