Harbor Capital Advisors Inc. Has $1.16 Million Position in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Harbor Capital Advisors Inc. reduced its position in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 46.4% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 10,004 shares of the company's stock after selling 8,669 shares during the period. Harbor Capital Advisors Inc.'s holdings in Ollie's Bargain Outlet were worth $1,164,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in OLLI. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Ollie's Bargain Outlet by 489.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 230 shares of the company's stock worth $25,000 after purchasing an additional 191 shares during the period. Wilmington Savings Fund Society FSB boosted its stake in shares of Ollie's Bargain Outlet by 337.0% in 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 during the last quarter. Bogart Wealth LLC acquired a new stake in shares of Ollie's Bargain Outlet during the 4th quarter worth approximately $26,000. City Holding Co. bought a new stake in shares of Ollie's Bargain Outlet during the first quarter worth approximately $31,000. Finally, Blue Trust Inc. raised 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 worth $31,000 after buying an additional 101 shares during the last quarter.

Ollie's Bargain Outlet Stock Up 0.2%

Shares of NASDAQ OLLI traded up $0.27 during midday trading on Friday, reaching $114.48. 932,167 shares of the company were exchanged, compared to its average volume of 1,178,979. The stock's 50-day moving average price is $111.62 and its 200-day moving average price is $108.73. The stock has a market cap of $7.02 billion, a P/E ratio of 34.17, a PEG ratio of 2.21 and a beta of 0.37. Ollie's Bargain Outlet Holdings, Inc. has a one year low of $84.48 and a one year high of $122.15.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last issued its quarterly earnings data on Tuesday, June 3rd. The company reported $0.75 earnings per share for the quarter, topping analysts' consensus estimates of $0.70 by $0.05. Ollie's Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The business had revenue of $576.77 million for the quarter, compared to analyst estimates of $565.04 million. During the same quarter in the previous year, the company posted $0.73 EPS. Ollie's Bargain Outlet's quarterly revenue was up 13.4% compared to the same quarter last year. On average, equities research analysts anticipate that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

Insider Buying and Selling

In other Ollie's Bargain Outlet news, CFO Robert F. Helm sold 312 shares of Ollie's Bargain Outlet stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $107.17, for a total transaction of $33,437.04. Following the transaction, the chief financial officer now directly owns 3,273 shares of the company's stock, valued at approximately $350,767.41. The trade was a 8.70% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Der Valk Eric Van sold 525 shares of the stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $112.94, for a total value of $59,293.50. Following the completion of the sale, the chief executive officer now directly owns 6,793 shares of the company's stock, valued at approximately $767,201.42. The trade was a 7.17% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 37,897 shares of company stock valued at $4,227,970 over the last 90 days. 0.75% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Morgan Stanley raised their price objective on shares of Ollie's Bargain Outlet from $108.00 to $118.00 and gave the company an "equal weight" rating in a research note on Thursday, March 20th. UBS Group raised 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. Royal Bank of Canada reaffirmed an "outperform" rating and set a $133.00 price objective on shares of Ollie's Bargain Outlet in a research note on Wednesday, June 4th. Truist Financial upped their price objective on Ollie's Bargain Outlet from $126.00 to $128.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Finally, KeyCorp restated an "overweight" rating and set a $135.00 target price on shares of Ollie's Bargain Outlet in a report on Wednesday, June 4th. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $124.50.

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.