Massachusetts Financial Services Co. MA Has $36.71 Million Stock Holdings in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Massachusetts Financial Services Co. MA decreased its position in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 8.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 315,476 shares of the company's stock after selling 29,432 shares during the period. Massachusetts Financial Services Co. MA owned 0.52% of Ollie's Bargain Outlet worth $36,709,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Corient Private Wealth LLC lifted its position in Ollie's Bargain Outlet by 86.2% during the 4th quarter. Corient Private Wealth LLC now owns 8,438 shares of the company's stock worth $926,000 after acquiring an additional 3,906 shares during the last quarter. Next Century Growth Investors LLC lifted its position in Ollie's Bargain Outlet by 27.6% during the 4th quarter. Next Century Growth Investors LLC now owns 162,136 shares of the company's stock worth $17,791,000 after acquiring an additional 35,075 shares during the last quarter. Caxton Associates LP acquired a new position in Ollie's Bargain Outlet during the 4th quarter worth $438,000. Schonfeld Strategic Advisors LLC increased its holdings in shares of Ollie's Bargain Outlet by 85.2% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 5,800 shares of the company's stock worth $636,000 after purchasing an additional 2,668 shares during the period. Finally, Teacher Retirement System of Texas increased its holdings in shares of Ollie's Bargain Outlet by 63.8% during the 1st quarter. Teacher Retirement System of Texas now owns 11,711 shares of the company's stock worth $1,363,000 after purchasing an additional 4,563 shares during the period.

Analysts Set New Price Targets

OLLI has been the topic of several research reports. Loop Capital downgraded shares of Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and set a $130.00 price objective on the stock. in a report on Tuesday, June 24th. Royal Bank Of Canada restated an "outperform" rating and set a $133.00 price objective on shares of Ollie's Bargain Outlet in a report on Wednesday, June 4th. KeyCorp set a $145.00 price objective on shares of Ollie's Bargain Outlet and gave the stock an "overweight" rating in a report on Thursday, June 26th. Morgan Stanley boosted their price objective on shares of 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. Finally, JPMorgan Chase & Co. lifted their target price on shares of Ollie's Bargain Outlet from $135.00 to $137.00 and gave the company an "overweight" rating in a research report on Monday, May 19th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $125.21.

Insider Transactions at Ollie's Bargain Outlet

In other Ollie's Bargain Outlet news, CEO Der Valk Eric Van sold 728 shares of Ollie's Bargain Outlet stock in a transaction on Friday, June 13th. The shares were sold at an average price of $112.85, for a total value of $82,154.80. Following the sale, the chief executive officer directly owned 7,761 shares in the company, valued at approximately $875,828.85. The trade was a 8.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.75% of the company's stock.

Ollie's Bargain Outlet Stock Up 0.2%

OLLI stock traded up $0.27 during midday trading on Friday, reaching $132.16. The company's stock had a trading volume of 875,085 shares, compared to its average volume of 1,163,336. Ollie's Bargain Outlet Holdings, Inc. has a 52 week low of $86.05 and a 52 week high of $135.53. The stock has a market cap of $8.11 billion, a PE ratio of 39.97, a price-to-earnings-growth ratio of 2.97 and a beta of 0.41. The business's 50-day simple moving average is $121.04 and its 200-day simple moving average is $111.99.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last issued 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 net margin of 8.59% and a return on equity of 12.27%. The business had revenue of $576.77 million for the quarter, compared to analyst estimates of $565.04 million. During the same period last year, the business posted $0.73 earnings per share. The firm's quarterly revenue was up 13.4% on a year-over-year basis. As a group, equities analysts forecast that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal 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.