Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Shares Sold by GTS Securities LLC

GTS Securities LLC reduced its stake in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 90.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,320 shares of the company's stock after selling 22,380 shares during the period. GTS Securities LLC's holdings in Ollie's Bargain Outlet were worth $255,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in OLLI. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Ollie's Bargain Outlet by 489.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 230 shares of the company's stock worth $25,000 after acquiring an additional 191 shares in the last quarter. Wilmington Savings Fund Society FSB boosted its stake in shares of 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 valued at $26,000 after purchasing an additional 182 shares in the last quarter. Bogart Wealth LLC bought a new position in shares of Ollie's Bargain Outlet during the fourth quarter valued at approximately $26,000. Blue Trust Inc. boosted its stake in shares of Ollie's Bargain Outlet by 55.2% during the fourth quarter. Blue Trust Inc. now owns 284 shares of the company's stock valued at $31,000 after purchasing an additional 101 shares in the last quarter. Finally, Brown Brothers Harriman & Co. bought a new position in shares of Ollie's Bargain Outlet during the fourth quarter valued at approximately $33,000.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Royal Bank of Canada increased their price objective on shares of Ollie's Bargain Outlet from $130.00 to $133.00 and gave the company an "outperform" rating in a research note on Friday, March 7th. UBS Group increased their price objective on shares of Ollie's Bargain Outlet from $117.00 to $123.00 and gave the company a "neutral" rating in a research note on Thursday, March 20th. Piper Sandler dropped their price objective on shares of Ollie's Bargain Outlet from $126.00 to $124.00 and set an "overweight" rating on the stock in a research note 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 price objective for the company from $125.00 to $111.00 in a research note on Tuesday, February 4th. Finally, KeyCorp increased their price objective on shares of Ollie's Bargain Outlet from $125.00 to $135.00 and gave the company an "overweight" rating in a research note on Tuesday, May 20th. Five investment 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.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $124.07.

Ollie's Bargain Outlet Trading Down 0.7%

Shares of NASDAQ OLLI traded down $0.80 during midday trading on Friday, reaching $110.95. The company had a trading volume of 1,029,640 shares, compared to its average volume of 1,174,440. The business's 50-day simple moving average is $111.56 and its 200 day simple moving average is $107.49. The stock has a market cap of $6.81 billion, a P/E ratio of 33.12, a P/E/G ratio of 2.21 and a beta of 0.45. Ollie's Bargain Outlet Holdings, Inc. has a 1 year low of $81.15 and a 1 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 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 during the quarter, compared to analysts' expectations 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 quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.23 EPS. Analysts predict that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

Insiders Place Their Bets

In other Ollie's Bargain Outlet news, CFO Robert F. Helm sold 312 shares of the company's stock in a transaction on 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 of the company's stock, valued at approximately $350,767.41. This represents a 8.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert Fisch sold 6,250 shares of the stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $108.08, for a total value of $675,500.00. Following the sale, the director now directly owns 22,159 shares in the company, 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. Over the last quarter, insiders sold 37,897 shares of company stock valued at $4,227,970. 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.