Assenagon Asset Management S.A. Has $5.58 Million Stake in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Assenagon Asset Management S.A. lessened its stake in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 55.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 47,970 shares of the company's stock after selling 59,635 shares during the period. Assenagon Asset Management S.A. owned 0.08% of Ollie's Bargain Outlet worth $5,582,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of 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 valued at $25,000 after acquiring an additional 191 shares during the period. Wilmington Savings Fund Society FSB boosted its stake in Ollie's Bargain Outlet by 337.0% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 236 shares of the company's stock valued at $26,000 after purchasing an additional 182 shares in the last quarter. Bogart Wealth LLC acquired a new position in shares of Ollie's Bargain Outlet during the 4th quarter valued at $26,000. City Holding Co. bought a new stake in shares of Ollie's Bargain Outlet in the 1st quarter worth $31,000. Finally, Blue Trust Inc. raised its stake in shares of Ollie's Bargain Outlet by 55.2% in the 4th quarter. Blue Trust Inc. now owns 284 shares of the company's stock worth $31,000 after buying an additional 101 shares in the last quarter.

Insider Activity at Ollie's Bargain Outlet

In other Ollie's Bargain Outlet news, CEO Der Valk Eric Van sold 1,153 shares of the company's stock in a transaction dated Monday, March 31st. The stock was 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 of the company's stock, valued at $750,232.80. This represents a 14.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Robert F. Helm sold 2,139 shares of Ollie's Bargain Outlet stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $115.74, for a total value of $247,567.86. Following the sale, the chief financial officer now owns 2,961 shares of the company's stock, valued at approximately $342,706.14. This represents a 41.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 38,625 shares of company stock valued at $4,310,125. Corporate insiders own 0.87% of the company's stock.

Analyst Upgrades and Downgrades

OLLI has been the topic of a number of research analyst reports. 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 report on Thursday, March 20th. KeyCorp reaffirmed an "overweight" rating and issued a $135.00 price objective on shares of Ollie's Bargain Outlet in a research note on Wednesday, June 4th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $133.00 target price on shares of Ollie's Bargain Outlet in a report on Wednesday, June 4th. Wall Street Zen upgraded shares of Ollie's Bargain Outlet from a "sell" rating to a "hold" rating in a report on Tuesday, May 13th. Finally, JPMorgan Chase & Co. upped their price target on Ollie's Bargain Outlet from $135.00 to $137.00 and gave the company an "overweight" rating in a report on Monday, May 19th. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $124.50.

Ollie's Bargain Outlet Stock Up 3.5%

Shares of Ollie's Bargain Outlet stock traded up $4.04 during midday trading on Wednesday, hitting $120.16. The company's stock had a trading volume of 935,407 shares, compared to its average volume of 1,164,539. Ollie's Bargain Outlet Holdings, Inc. has a 1-year low of $86.05 and a 1-year high of $122.15. The firm has a market capitalization of $7.37 billion, a P/E ratio of 37.05, a PEG ratio of 2.72 and a beta of 0.37. The stock has a 50-day simple moving average of $112.31 and a 200-day simple moving average of $109.13.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last announced its quarterly earnings data on Tuesday, June 3rd. The company reported $0.75 EPS for the quarter, topping analysts' consensus estimates of $0.70 by $0.05. Ollie's Bargain Outlet had a return on equity of 12.27% and a net margin of 8.59%. The firm had revenue of $576.77 million during the quarter, compared to analyst estimates of $565.04 million. During the same period last year, the company posted $0.73 EPS. The business's quarterly revenue was up 13.4% compared to the same quarter last year. As a group, sell-side analysts predict that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

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.