Deutsche Bank AG Purchases 12,308 Shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Deutsche Bank AG raised its holdings in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 253.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,168 shares of the company's stock after acquiring an additional 12,308 shares during the period. Deutsche Bank AG's holdings in Ollie's Bargain Outlet were worth $1,884,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Barclays PLC lifted its holdings in shares of Ollie's Bargain Outlet by 59.2% during the 3rd 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 in the last quarter. Park Avenue Securities LLC bought a new position in Ollie's Bargain Outlet in the fourth quarter valued at approximately $504,000. UMB Bank n.a. lifted its stake in Ollie's Bargain Outlet by 25.3% in the fourth quarter. UMB Bank n.a. now owns 545 shares of the company's stock valued at $60,000 after buying an additional 110 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Ollie's Bargain Outlet by 671.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 62,679 shares of the company's stock valued at $6,878,000 after buying an additional 54,557 shares during the period. Finally, Exchange Traded Concepts LLC increased its position in shares of Ollie's Bargain Outlet by 2.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 8,570 shares of the company's stock worth $940,000 after acquiring an additional 215 shares in the last quarter.

Ollie's Bargain Outlet Trading Down 1.1%

Shares of OLLI traded down $1.28 during midday trading on Thursday, reaching $111.75. The stock had a trading volume of 1,155,053 shares, compared to its average volume of 1,173,621. The firm has a market cap of $6.86 billion, a PE ratio of 33.36, a P/E/G ratio of 2.21 and a beta of 0.45. The firm has a 50 day simple moving average of $111.46 and a 200-day simple moving average of $107.25. Ollie's Bargain Outlet Holdings, Inc. has a one year low of $78.81 and a one year high of $122.15.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on OLLI shares. Wall Street Zen raised shares of Ollie's Bargain Outlet from a "sell" rating to a "hold" rating in a research note on Tuesday, May 13th. Piper Sandler reduced their price objective on Ollie's Bargain Outlet from $126.00 to $124.00 and set an "overweight" rating for the company in a research report on Thursday, March 20th. Morgan Stanley lifted their target price on Ollie's Bargain Outlet from $108.00 to $118.00 and gave the company an "equal weight" rating in a research report on Thursday, March 20th. UBS Group upped their price target on Ollie's Bargain Outlet from $117.00 to $123.00 and gave the stock a "neutral" rating in a research report on Thursday, March 20th. Finally, Jefferies Financial Group cut shares of Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and decreased their price target for the stock from $125.00 to $111.00 in a research note on Tuesday, February 4th. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $124.07.

Insider Activity at Ollie's Bargain Outlet

In other Ollie's Bargain Outlet news, Director Robert Fisch sold 6,250 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $108.08, for a total transaction of $675,500.00. Following the completion of the sale, the director now directly owns 22,159 shares in the company, valued at $2,394,944.72. This trade represents a 22.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Kevin Mclain sold 4,799 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $115.56, for a total value of $554,572.44. Following the completion of the transaction, the senior vice president now directly owns 12,336 shares in the company, valued at $1,425,548.16. The trade was a 28.01% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 37,897 shares of company stock worth $4,227,970. Company insiders own 0.87% of the company's stock.

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.