Castlekeep Investment Advisors LLC Invests $638,000 in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Castlekeep Investment Advisors LLC acquired a new stake in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,816 shares of the company's stock, valued at approximately $638,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Barclays PLC boosted its holdings in Ollie's Bargain Outlet by 59.2% in the 3rd quarter. Barclays PLC now owns 41,307 shares of the company's stock worth $4,014,000 after acquiring an additional 15,357 shares during the period. JPMorgan Chase & Co. boosted its holdings in Ollie's Bargain Outlet by 79.6% in the third quarter. JPMorgan Chase & Co. now owns 189,301 shares of the company's stock worth $18,400,000 after purchasing an additional 83,882 shares during the period. GAMMA Investing LLC grew its position in shares of Ollie's Bargain Outlet by 35.9% during the 4th quarter. GAMMA Investing LLC now owns 885 shares of the company's stock valued at $97,000 after buying an additional 234 shares during the last quarter. Nordea Investment Management AB boosted its position in Ollie's Bargain Outlet by 3.1% during the 4th quarter. Nordea Investment Management AB now owns 78,400 shares of the company's stock valued at $8,669,000 after purchasing an additional 2,354 shares during the period. Finally, Canandaigua National Bank & Trust Co. bought a new position in shares of Ollie's Bargain Outlet during the fourth quarter worth about $248,000.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. 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. Jefferies Financial Group downgraded shares of Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and dropped their target price for the stock from $125.00 to $111.00 in a research report on Tuesday, February 4th. StockNews.com cut Ollie's Bargain Outlet from a "hold" rating to a "sell" rating in a research report on Tuesday, February 4th. Morgan Stanley upped their target price on Ollie's Bargain Outlet from $108.00 to $118.00 and gave the company an "equal weight" rating in a report on Thursday, March 20th. Finally, Piper Sandler cut their target price on shares of Ollie's Bargain Outlet from $126.00 to $124.00 and set an "overweight" rating for the company in a research report on Thursday, March 20th. 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. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $123.08.

Insider Activity

In other news, CFO Robert F. Helm sold 2,139 shares of the firm's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $115.74, for a total value of $247,567.86. Following the transaction, the chief financial officer now directly owns 2,961 shares in the company, valued at $342,706.14. This trade represents a 41.94 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert Fisch sold 6,250 shares of the business's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $108.08, for a total transaction of $675,500.00. Following the completion of the transaction, the director now directly owns 22,159 shares of the company's stock, valued at $2,394,944.72. This trade represents a 22.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 37,897 shares of company stock worth $4,227,970. Insiders own 0.87% of the company's stock.

Ollie's Bargain Outlet Trading Down 2.5 %

OLLI stock traded down $2.77 during midday trading on Friday, hitting $106.17. The stock had a trading volume of 812,714 shares, compared to its average volume of 1,153,137. 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 50-day simple moving average of $108.40 and a 200 day simple moving average of $105.33. The firm has a market capitalization of $6.52 billion, a price-to-earnings ratio of 31.69, a P/E/G ratio of 2.21 and a beta of 0.45.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last released its quarterly earnings data on Wednesday, March 19th. The company reported $1.19 earnings per share for the quarter, missing analysts' consensus estimates of $1.20 by ($0.01). The company 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 firm's revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.23 earnings per share. On average, equities analysts forecast that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 EPS 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.