Boothbay Fund Management LLC Acquires Shares of 3,742 Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Boothbay Fund Management LLC bought a new position in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 3,742 shares of the company's stock, valued at approximately $411,000.

Several other institutional investors also recently modified their holdings of the business. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Ollie's Bargain Outlet by 489.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 230 shares of the company's stock valued at $25,000 after purchasing an additional 191 shares during the period. Wilmington Savings Fund Society FSB increased its holdings in Ollie's Bargain Outlet by 337.0% in 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 last quarter. Bogart Wealth LLC bought a new stake in Ollie's Bargain Outlet in the 4th quarter valued at about $26,000. Blue Trust Inc. lifted its holdings in Ollie's Bargain Outlet by 55.2% during the fourth quarter. Blue Trust Inc. now owns 284 shares of the company's stock valued at $31,000 after purchasing an additional 101 shares during the last quarter. Finally, Brown Brothers Harriman & Co. bought a new position in Ollie's Bargain Outlet during the fourth quarter worth about $33,000.

Ollie's Bargain Outlet Stock Performance

OLLI stock opened at $106.46 on Friday. Ollie's Bargain Outlet Holdings, Inc. has a one year low of $72.19 and a one year high of $120.03. The company has a market capitalization of $6.52 billion, a PE ratio of 31.78, a price-to-earnings-growth ratio of 2.21 and a beta of 0.75. The company's 50 day moving average price is $107.46 and its two-hundred day moving average price is $104.59.

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). The company had revenue of $667.10 million during the quarter, compared to analysts' expectations of $674.61 million. Ollie's Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The firm's quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.23 EPS. On average, research analysts predict that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

Wall Street Analyst Weigh In

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

Insider Activity

In other Ollie's Bargain Outlet news, Chairman John W. Swygert sold 6,526 shares of the firm's stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $107.87, for a total value 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 trade represents a 10.88 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert Fisch sold 6,250 shares of the company's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $108.08, for a total transaction of $675,500.00. Following the transaction, the director now directly owns 22,159 shares of the company's stock, valued at approximately $2,394,944.72. This trade represents a 22.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 37,897 shares of company stock valued at $4,227,970. 0.87% of the stock is currently owned by company insiders.

About Ollie's Bargain Outlet

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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