3,992 Shares in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Purchased by Caxton Associates LP

Caxton Associates LP bought a new stake in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,992 shares of the company's stock, valued at approximately $438,000.

Other institutional investors also recently bought and sold shares of the company. Corient Private Wealth LLC grew its position in Ollie's Bargain Outlet by 86.2% during the 4th quarter. Corient Private Wealth LLC now owns 8,438 shares of the company's stock worth $926,000 after purchasing an additional 3,906 shares during the last quarter. Next Century Growth Investors LLC raised its stake in Ollie's Bargain Outlet by 27.6% in the 4th quarter. Next Century Growth Investors LLC now owns 162,136 shares of the company's stock worth $17,791,000 after acquiring an additional 35,075 shares during the last quarter. Oak Thistle LLC acquired a new stake in Ollie's Bargain Outlet during the 4th quarter worth about $1,345,000. JPMorgan Chase & Co. grew its stake in Ollie's Bargain Outlet by 130.5% during the 4th quarter. JPMorgan Chase & Co. now owns 436,366 shares of the company's stock valued at $47,882,000 after purchasing an additional 247,065 shares during the last quarter. Finally, Van ECK Associates Corp increased its holdings in shares of Ollie's Bargain Outlet by 36.5% in the fourth quarter. Van ECK Associates Corp now owns 46,659 shares of the company's stock valued at $5,120,000 after purchasing an additional 12,476 shares during the period.

Ollie's Bargain Outlet Stock Performance

Ollie's Bargain Outlet stock traded down $2.77 during trading on Friday, reaching $106.17. The company had a trading volume of 812,714 shares, compared to its average volume of 1,150,826. The firm's 50-day simple moving average is $108.40 and its 200 day simple moving average is $105.33. The firm has a market capitalization of $6.52 billion, a PE ratio of 31.69, a price-to-earnings-growth ratio of 2.21 and a beta of 0.45. Ollie's Bargain Outlet Holdings, Inc. has a 1-year low of $72.19 and a 1-year high of $120.03.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last released its earnings results on Wednesday, March 19th. The company reported $1.19 EPS 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 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 revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.23 EPS. Analysts anticipate that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

Insider Buying and Selling at Ollie's Bargain Outlet

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 transaction, the chief financial officer now owns 3,273 shares in the company, 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 is accessible through the SEC website. Also, Chairman John W. Swygert sold 3,331 shares of the company's stock in a transaction on Friday, April 4th. The stock was sold at an average price of $114.60, for a total transaction of $381,732.60. Following the sale, the chairman now directly owns 48,200 shares of the company's stock, valued at $5,523,720. The trade was a 6.46 % 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 over the last quarter. 0.87% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

OLLI has been the topic of a number of recent research reports. StockNews.com lowered Ollie's Bargain Outlet from a "hold" rating to a "sell" rating in a research report on Tuesday, February 4th. UBS Group increased their price objective on shares of Ollie's Bargain Outlet from $117.00 to $123.00 and gave the stock a "neutral" rating in a research note on Thursday, March 20th. Piper Sandler decreased 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. Morgan Stanley increased their price target on Ollie's Bargain Outlet from $108.00 to $118.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 20th. Finally, Royal Bank of Canada upped their target price 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. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Ollie's Bargain Outlet has a consensus rating of "Moderate Buy" and an average price target of $123.08.

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.