EAM Global Investors LLC Makes New $4.34 Million Investment in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

EAM Global Investors LLC purchased a new stake in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 39,539 shares of the company's stock, valued at approximately $4,339,000. EAM Global Investors LLC owned about 0.06% of Ollie's Bargain Outlet as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. EAM Investors LLC purchased a new position in shares of Ollie's Bargain Outlet in the fourth quarter valued at about $4,968,000. Jump Financial LLC purchased a new stake in Ollie's Bargain Outlet in the 4th quarter worth about $5,916,000. Mariner LLC boosted its holdings in Ollie's Bargain Outlet by 15.6% during the 4th quarter. Mariner LLC now owns 14,950 shares of the company's stock valued at $1,640,000 after acquiring an additional 2,022 shares during the period. Barclays PLC boosted its position in shares of Ollie's Bargain Outlet by 75.9% in the 4th quarter. Barclays PLC now owns 72,671 shares of the company's stock worth $7,976,000 after purchasing an additional 31,364 shares in the last quarter. Finally, Keystone Financial Group grew its stake in shares of Ollie's Bargain Outlet by 275.1% during the fourth quarter. Keystone Financial Group now owns 9,235 shares of the company's stock worth $964,000 after acquiring an additional 6,773 shares during the last quarter.

Ollie's Bargain Outlet Price Performance

OLLI traded down $7.68 during trading on Monday, hitting $104.27. The company's stock had a trading volume of 744,510 shares, compared to its average volume of 1,133,115. The stock has a market cap of $6.39 billion, a PE ratio of 31.13, a PEG ratio of 2.21 and a beta of 0.75. Ollie's Bargain Outlet Holdings, Inc. has a twelve month low of $70.17 and a twelve month high of $120.03. The firm's 50 day moving average price is $106.89 and its 200-day moving average price is $103.96.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last issued its quarterly earnings results on Wednesday, March 19th. The company reported $1.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 firm had revenue of $667.10 million for the quarter, compared to the consensus estimate of $674.61 million. During the same period in the previous year, the business posted $1.23 earnings per share. The business's revenue for the quarter was up 2.8% compared to the same quarter last year. Equities analysts anticipate that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

Insider Buying and Selling

In other Ollie's Bargain Outlet news, 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 completion of the sale, the director now directly owns 22,159 shares of the company's stock, valued at approximately $2,394,944.72. This represents a 22.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Kevin Mclain sold 4,799 shares of Ollie's Bargain Outlet stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $115.56, for a total transaction of $554,572.44. Following the transaction, the senior vice president now owns 12,336 shares in the company, valued at approximately $1,425,548.16. The trade was a 28.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 37,897 shares of company stock worth $4,227,970. Corporate insiders own 0.87% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on OLLI shares. UBS Group upped their target price on 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. Jefferies Financial Group lowered shares of Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and decreased their price target for the company from $125.00 to $111.00 in a research note on Tuesday, February 4th. Royal Bank of Canada upped their target price on shares of Ollie's Bargain Outlet from $130.00 to $133.00 and gave the stock an "outperform" rating in a report on Friday, March 7th. Morgan Stanley boosted their price objective on Ollie's Bargain Outlet from $108.00 to $118.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 20th. Finally, StockNews.com downgraded shares of Ollie's Bargain Outlet from a "hold" rating to a "sell" rating in a report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $123.08.

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.