Two Sigma Advisers LP Purchases Shares of 13,600 Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Two Sigma Advisers LP acquired a new position in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 13,600 shares of the company's stock, valued at approximately $1,492,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of OLLI. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Ollie's Bargain Outlet by 489.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 230 shares of the company's stock worth $25,000 after buying an additional 191 shares during the period. Wilmington Savings Fund Society FSB raised its holdings in Ollie's Bargain Outlet by 337.0% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 236 shares of the company's stock worth $26,000 after purchasing an additional 182 shares during the last quarter. Bogart Wealth LLC purchased a new stake in Ollie's Bargain Outlet during the fourth quarter worth $26,000. Blue Trust Inc. boosted its position in Ollie's Bargain Outlet by 55.2% during the fourth quarter. Blue Trust Inc. now owns 284 shares of the company's stock worth $31,000 after purchasing an additional 101 shares in the last quarter. Finally, Brown Brothers Harriman & Co. acquired a new stake in Ollie's Bargain Outlet in the fourth quarter valued at $33,000.

Insider Transactions at Ollie's Bargain Outlet

In related news, CEO Der Valk Eric Van sold 1,153 shares of the firm's stock in a transaction on Monday, March 31st. The shares were sold at an average price of $110.85, for a total value of $127,810.05. Following the transaction, the chief executive officer now directly owns 6,768 shares in the company, valued at approximately $750,232.80. This trade represents a 14.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Robert Fisch sold 6,250 shares of Ollie's Bargain Outlet stock in a transaction 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 completion of the transaction, the director now owns 22,159 shares in the company, 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. In the last quarter, insiders sold 37,897 shares of company stock worth $4,227,970. 0.75% of the stock is owned by corporate insiders.

Ollie's Bargain Outlet Stock Performance

Shares of OLLI stock traded up $0.19 during mid-day trading on Wednesday, hitting $110.10. 324,429 shares of the stock traded hands, compared to its average volume of 1,181,165. The firm has a market cap of $6.76 billion, a price-to-earnings ratio of 32.80, a price-to-earnings-growth ratio of 2.21 and a beta of 0.45. The company's 50-day simple moving average is $111.57 and its 200-day simple moving average is $107.75. Ollie's Bargain Outlet Holdings, Inc. has a twelve month low of $81.15 and a twelve month high of $122.15.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last released its quarterly earnings results on Tuesday, June 3rd. The company reported $0.75 earnings per share for the quarter, beating analysts' consensus estimates of $0.70 by $0.05. The business had revenue of $576.77 million for the quarter, compared to the consensus estimate of $565.04 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 for the quarter was up 13.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.73 EPS. Analysts forecast that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Wall Street Zen raised Ollie's Bargain Outlet from a "sell" rating to a "hold" rating in a research note on Tuesday, May 13th. KeyCorp restated an "overweight" rating and set a $135.00 target price on shares of Ollie's Bargain Outlet in a report on Wednesday. Piper Sandler reduced their price target on shares of Ollie's Bargain Outlet from $126.00 to $124.00 and set an "overweight" rating on the stock in a report on Thursday, March 20th. UBS Group increased their price target on shares of 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. Finally, Royal Bank of Canada raised their price objective on shares of 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. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $124.07.

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.