Barclays PLC Has $7.98 Million Position in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Barclays PLC grew its position in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 75.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 72,671 shares of the company's stock after purchasing an additional 31,364 shares during the period. Barclays PLC owned about 0.12% of Ollie's Bargain Outlet worth $7,976,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in OLLI. Vanguard Group Inc. increased its stake in shares of Ollie's Bargain Outlet by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 5,821,957 shares of the company's stock worth $638,843,000 after purchasing an additional 70,496 shares during the last quarter. Congress Asset Management Co. boosted its position in Ollie's Bargain Outlet by 181.6% during the fourth quarter. Congress Asset Management Co. now owns 1,916,584 shares of the company's stock worth $210,307,000 after purchasing an additional 1,235,994 shares during the period. Invesco Ltd. grew its holdings in Ollie's Bargain Outlet by 1.1% during the fourth quarter. Invesco Ltd. now owns 1,645,472 shares of the company's stock valued at $180,558,000 after purchasing an additional 17,302 shares during the last quarter. Alliancebernstein L.P. lifted its stake in shares of Ollie's Bargain Outlet by 12.9% in the fourth quarter. Alliancebernstein L.P. now owns 1,629,572 shares of the company's stock worth $178,813,000 after buying an additional 186,313 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Ollie's Bargain Outlet by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 1,082,660 shares of the company's stock worth $118,837,000 after buying an additional 4,116 shares during the period.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Royal Bank of Canada lifted their price objective on Ollie's Bargain Outlet from $130.00 to $133.00 and gave the stock an "outperform" rating in a research note on Friday, March 7th. Piper Sandler lowered 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. StockNews.com downgraded shares of Ollie's Bargain Outlet from a "hold" rating to a "sell" rating in a report on Tuesday, February 4th. UBS Group upped 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 report on Thursday, March 20th. Finally, Jefferies Financial Group downgraded Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $125.00 to $111.00 in a research report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $123.08.

Insiders Place Their Bets

In other Ollie's Bargain Outlet news, CFO Robert F. Helm sold 312 shares of the firm's stock in a transaction on Monday, April 7th. The stock was sold at an average price of $107.17, for a total value of $33,437.04. Following the sale, the chief financial officer now owns 3,273 shares of the company's stock, valued at approximately $350,767.41. This trade represents a 8.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Der Valk Eric Van sold 1,153 shares of the company's stock in a transaction on Monday, March 31st. The stock was sold at an average price of $110.85, for a total value of $127,810.05. Following the sale, the chief executive officer now owns 6,768 shares of the company's stock, 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. Insiders sold 37,897 shares of company stock worth $4,227,970 in the last quarter. 0.87% of the stock is currently owned by corporate insiders.

Ollie's Bargain Outlet Stock Performance

Ollie's Bargain Outlet stock traded down $2.80 during midday trading on Tuesday, reaching $104.75. 110,521 shares of the company's stock were exchanged, compared to its average volume of 1,143,525. The stock's 50-day simple moving average is $107.01 and its 200 day simple moving average is $104.49. The firm has a market cap of $6.42 billion, a price-to-earnings ratio of 31.30, a P/E/G ratio of 2.21 and a beta of 0.75. Ollie's Bargain Outlet Holdings, Inc. has a 52 week low of $70.17 and a 52 week high of $120.03.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last announced its quarterly earnings results 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). The business had revenue of $667.10 million for the quarter, compared to analyst estimates of $674.61 million. Ollie's Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. The company's revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.23 EPS. Research analysts forecast that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current 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.