6,376 Shares in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Purchased by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP bought a new stake in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 6,376 shares of the company's stock, valued at approximately $700,000.

A number of other institutional investors also recently added to or reduced their stakes in OLLI. Captrust Financial Advisors lifted its position in shares of Ollie's Bargain Outlet by 9.3% during the 3rd quarter. Captrust Financial Advisors now owns 2,937 shares of the company's stock worth $285,000 after purchasing an additional 250 shares during the last quarter. Stifel Financial Corp raised its position in shares of Ollie's Bargain Outlet by 1.0% during the 3rd quarter. Stifel Financial Corp now owns 49,494 shares of the company's stock worth $4,811,000 after acquiring an additional 493 shares in the last quarter. State Street Corp lifted its stake in Ollie's Bargain Outlet by 2.1% during the third quarter. State Street Corp now owns 1,871,047 shares of the company's stock worth $181,866,000 after purchasing an additional 38,203 shares during the last quarter. Barclays PLC increased its stake in Ollie's Bargain Outlet by 59.2% in the third quarter. Barclays PLC now owns 41,307 shares of the company's stock valued at $4,014,000 after purchasing an additional 15,357 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Ollie's Bargain Outlet by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,078,544 shares of the company's stock worth $104,860,000 after buying an additional 9,492 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on OLLI. UBS Group lifted their price target 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. Citigroup raised Ollie's Bargain Outlet from a "sell" rating to a "buy" rating and lifted their price target for the stock from $64.00 to $133.00 in a research report on Wednesday, December 18th. Royal Bank of Canada raised 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 research report on Friday, March 7th. Loop Capital increased 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 note on Monday, December 23rd. Finally, Jefferies Financial Group cut shares of Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and reduced their target price for the company from $125.00 to $111.00 in a report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $123.08.

Ollie's Bargain Outlet Trading Up 0.7 %

Shares of OLLI traded up $0.73 during trading hours on Thursday, reaching $110.70. The company had a trading volume of 161,646 shares, compared to its average volume of 1,126,337. The company has a market capitalization of $6.78 billion, a price-to-earnings ratio of 33.00, a PEG ratio of 2.21 and a beta of 0.75. Ollie's Bargain Outlet Holdings, Inc. has a 12-month low of $70.17 and a 12-month high of $120.03. The firm has a 50 day simple moving average of $106.54 and a 200-day simple moving average of $103.63.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last posted 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). 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%. Ollie's Bargain Outlet's revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.23 earnings per share. Sell-side analysts forecast that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Robert F. Helm sold 312 shares of the business's stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $107.17, for a total value of $33,437.04. Following the sale, the chief financial officer now directly owns 3,273 shares in the company, valued at $350,767.41. The trade was a 8.70 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Kevin Mclain sold 4,799 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $115.56, for a total transaction of $554,572.44. Following the completion of the sale, the senior vice president now directly 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 have sold 37,897 shares of company stock worth $4,227,970. 0.87% of the stock is owned by corporate insiders.

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.