EAM Investors LLC Invests $4.97 Million in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

EAM Investors LLC bought a new position 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 SEC. The fund bought 45,277 shares of the company's stock, valued at approximately $4,968,000. EAM Investors LLC owned about 0.07% of Ollie's Bargain Outlet at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Congress Asset Management Co. lifted its position in shares of Ollie's Bargain Outlet by 181.6% during the 4th quarter. Congress Asset Management Co. now owns 1,916,584 shares of the company's stock worth $210,307,000 after purchasing an additional 1,235,994 shares during the last quarter. Norges Bank bought a new position in Ollie's Bargain Outlet in the 4th quarter worth approximately $80,741,000. Stephens Investment Management Group LLC acquired a new position in shares of Ollie's Bargain Outlet during the fourth quarter worth approximately $78,356,000. Raymond James Financial Inc. bought a new stake in shares of Ollie's Bargain Outlet in the fourth quarter valued at approximately $48,633,000. Finally, Envestnet Asset Management Inc. increased its position in Ollie's Bargain Outlet by 103.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 487,774 shares of the company's stock worth $53,523,000 after acquiring an additional 247,852 shares during the period.

Ollie's Bargain Outlet Trading Down 6.9 %

Shares of Ollie's Bargain Outlet stock traded down $7.68 during mid-day trading on Monday, reaching $104.27. 744,510 shares of the stock were exchanged, compared to its average volume of 1,133,105. The company has a market cap of $6.39 billion, a price-to-earnings ratio of 31.13, a price-to-earnings-growth ratio of 2.21 and a beta of 0.75. Ollie's Bargain Outlet Holdings, Inc. has a fifty-two week low of $70.17 and a fifty-two week high of $120.03. The firm has a 50-day simple moving average of $106.89 and a 200 day simple moving average of $103.96.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last posted its quarterly earnings data on Wednesday, March 19th. The company reported $1.19 EPS for the quarter, missing analysts' consensus estimates of $1.20 by ($0.01). Ollie's Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The business had revenue of $667.10 million during the quarter, compared to analyst estimates of $674.61 million. During the same period in the prior year, the firm posted $1.23 EPS. Ollie's Bargain Outlet's revenue for the quarter was up 2.8% compared to the same quarter last year. On average, research analysts predict that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Loop Capital raised their price target on shares of Ollie's Bargain Outlet from $120.00 to $130.00 and gave the stock a "buy" rating in a research report on Monday, December 23rd. Morgan Stanley lifted their target price 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. Jefferies Financial Group cut Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and cut their price target for the company from $125.00 to $111.00 in a report on Tuesday, February 4th. Royal Bank of Canada lifted their price objective 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. Finally, 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 note on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $123.08.

Insider Transactions at Ollie's Bargain Outlet

In other Ollie's Bargain Outlet news, CFO Robert F. Helm sold 312 shares of the business's stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $107.17, for a total transaction of $33,437.04. Following the completion of the sale, the chief financial officer now directly owns 3,273 shares of the company's stock, valued at approximately $350,767.41. The trade was a 8.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Robert Fisch sold 6,250 shares of the business's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $108.08, for a total transaction of $675,500.00. Following the sale, 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 three months, insiders have sold 37,897 shares of company stock worth $4,227,970. Corporate insiders own 0.87% of the company's stock.

Ollie's Bargain Outlet Company 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.