Castlekeep Investment Advisors LLC Purchases New Position in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Castlekeep Investment Advisors LLC purchased a new stake 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 13F filing with the Securities and Exchange Commission. The firm purchased 5,816 shares of the company's stock, valued at approximately $638,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Barclays PLC grew its stake in Ollie's Bargain Outlet by 59.2% in the 3rd quarter. Barclays PLC now owns 41,307 shares of the company's stock valued at $4,014,000 after buying an additional 15,357 shares during the last quarter. UMB Bank n.a. raised its holdings in Ollie's Bargain Outlet by 25.3% in the 4th quarter. UMB Bank n.a. now owns 545 shares of the company's stock worth $60,000 after acquiring an additional 110 shares during the period. Janney Montgomery Scott LLC raised its holdings in Ollie's Bargain Outlet by 671.7% in the 4th quarter. Janney Montgomery Scott LLC now owns 62,679 shares of the company's stock worth $6,878,000 after acquiring an additional 54,557 shares during the period. Exchange Traded Concepts LLC raised its holdings in Ollie's Bargain Outlet by 2.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 8,570 shares of the company's stock worth $940,000 after acquiring an additional 215 shares during the period. Finally, Tributary Capital Management LLC raised its holdings in Ollie's Bargain Outlet by 1.7% in the 4th quarter. Tributary Capital Management LLC now owns 284,351 shares of the company's stock worth $31,202,000 after acquiring an additional 4,787 shares during the period.

Insider Activity

In related news, CFO Robert F. Helm sold 312 shares of Ollie's Bargain Outlet stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $107.17, for a total transaction of $33,437.04. Following the completion of the transaction, the chief financial officer now directly owns 3,273 shares of the company's stock, valued at $350,767.41. This trade represents a 8.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert Fisch sold 6,250 shares of Ollie's Bargain Outlet 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 transaction, the director now directly owns 22,159 shares of the company's stock, valued at $2,394,944.72. This represents a 22.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. In 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.

Analyst Ratings Changes

Several research analysts recently commented on the stock. UBS Group lifted their target price on shares of Ollie's Bargain Outlet from $117.00 to $123.00 and gave the stock a "neutral" rating in a report on Thursday, March 20th. JPMorgan Chase & Co. lifted their target price on shares of Ollie's Bargain Outlet from $135.00 to $137.00 and gave the stock an "overweight" rating in a report on Monday, May 19th. Piper Sandler dropped their target price 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. Jefferies Financial Group downgraded shares of Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and dropped their target price for the stock from $125.00 to $111.00 in a report on Tuesday, February 4th. Finally, Royal Bank of Canada lifted 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. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $124.07.

Ollie's Bargain Outlet Stock Down 0.9%

NASDAQ OLLI traded down $0.98 during midday trading on Friday, hitting $110.77. The company had a trading volume of 304,534 shares, compared to its average volume of 1,170,252. The firm has a fifty day simple moving average of $111.46 and a two-hundred day simple moving average of $107.25. Ollie's Bargain Outlet Holdings, Inc. has a fifty-two week low of $78.81 and a fifty-two week high of $122.15. The stock has a market cap of $6.80 billion, a price-to-earnings ratio of 33.11, a P/E/G ratio of 2.21 and a beta of 0.45.

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

About Ollie's Bargain Outlet

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.