BNP Paribas Financial Markets Buys 73,942 Shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

BNP Paribas Financial Markets grew its stake in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 286.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 99,743 shares of the company's stock after buying an additional 73,942 shares during the period. BNP Paribas Financial Markets owned 0.16% of Ollie's Bargain Outlet worth $10,945,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. 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 shares of Ollie's Bargain Outlet by 337.0% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 236 shares of the company's stock worth $26,000 after purchasing an additional 182 shares during the period. Bogart Wealth LLC purchased a new stake in shares of Ollie's Bargain Outlet in the fourth quarter worth $26,000. Blue Trust Inc. raised its position in shares of Ollie's Bargain Outlet by 55.2% in the fourth quarter. Blue Trust Inc. now owns 284 shares of the company's stock worth $31,000 after buying an additional 101 shares in the last quarter. Finally, Brown Brothers Harriman & Co. bought a new stake in Ollie's Bargain Outlet during the fourth quarter valued at $33,000.

Insider Buying and Selling

In other news, CFO Robert F. Helm sold 312 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now owns 3,273 shares of the company's stock, valued at approximately $350,767.41. This represents a 8.70 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman John W. Swygert sold 3,331 shares of Ollie's Bargain Outlet stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $114.60, for a total value of $381,732.60. Following the sale, the chairman now owns 48,200 shares in the company, valued at $5,523,720. This represents a 6.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 37,897 shares of company stock valued at $4,227,970 over the last three months. Corporate insiders own 0.87% of the company's stock.

Analysts Set New Price Targets

OLLI has been the topic of several recent analyst reports. Royal Bank of Canada raised their price target on Ollie's Bargain Outlet from $130.00 to $133.00 and gave the company an "outperform" rating in a report on Friday, March 7th. UBS Group lifted 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 report on Thursday, March 20th. Piper Sandler decreased their price target on shares of Ollie's Bargain Outlet from $126.00 to $124.00 and set an "overweight" rating on the stock in a report on Thursday, March 20th. Morgan Stanley lifted their price objective 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. Finally, Jefferies Financial Group lowered shares of Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and cut their target price for the stock from $125.00 to $111.00 in a research report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Ollie's Bargain Outlet presently has an average rating of "Moderate Buy" and an average target price of $123.08.

Ollie's Bargain Outlet Price Performance

OLLI opened at $106.17 on Friday. The firm has a market capitalization of $6.52 billion, a price-to-earnings ratio of 31.69, a PEG ratio of 2.21 and a beta of 0.45. Ollie's Bargain Outlet Holdings, Inc. has a one year low of $72.19 and a one year high of $120.03. The business has a 50 day simple moving average of $108.40 and a two-hundred day simple moving average of $105.33.

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

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