D. E. Shaw & Co. Inc. Sells 74,729 Shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

D. E. Shaw & Co. Inc. trimmed its position in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 64.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,338 shares of the company's stock after selling 74,729 shares during the quarter. D. E. Shaw & Co. Inc. owned approximately 0.07% of Ollie's Bargain Outlet worth $4,426,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Ollie's Bargain Outlet by 489.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 230 shares of the company's stock worth $25,000 after buying an additional 191 shares during the period. Wilmington Savings Fund Society FSB grew its holdings in Ollie's Bargain Outlet by 337.0% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 236 shares of the company's stock worth $26,000 after acquiring an additional 182 shares during the period. Bogart Wealth LLC bought a new stake in shares of Ollie's Bargain Outlet during the 4th quarter valued at $26,000. Blue Trust Inc. raised its position in shares of Ollie's Bargain Outlet by 55.2% during the 4th quarter. Blue Trust Inc. now owns 284 shares of the company's stock valued at $31,000 after acquiring an additional 101 shares during the last quarter. Finally, Brown Brothers Harriman & Co. acquired a new position in shares of Ollie's Bargain Outlet in the 4th quarter valued at $33,000.

Ollie's Bargain Outlet Price Performance

OLLI stock traded down $0.54 during trading hours on Wednesday, reaching $116.34. 1,114,563 shares of the stock were exchanged, compared to its average volume of 1,161,320. The company has a market cap of $7.14 billion, a price-to-earnings ratio of 34.73, a PEG ratio of 2.21 and a beta of 0.45. The firm's 50-day moving average is $110.30 and its 200-day moving average is $106.54. Ollie's Bargain Outlet Holdings, Inc. has a 12 month low of $72.22 and a 12 month high of $122.15.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last posted its quarterly earnings data 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 firm 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 firm's quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.23 earnings per share. As a group, equities research analysts forecast that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. UBS Group upped their price objective on Ollie's Bargain Outlet from $117.00 to $123.00 and gave the company a "neutral" rating 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 cut their price target for the company from $125.00 to $111.00 in a research report on Tuesday, February 4th. JPMorgan Chase & Co. boosted their price objective on shares of Ollie's Bargain Outlet from $135.00 to $137.00 and gave the company an "overweight" rating in a report on Monday. Piper Sandler cut 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. Finally, StockNews.com raised shares of Ollie's Bargain Outlet from a "sell" rating to a "hold" rating in a research report on Tuesday, May 13th. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, Ollie's Bargain Outlet presently has a consensus rating of "Moderate Buy" and an average price target of $124.07.

Insider Activity

In other news, Director Robert Fisch sold 6,250 shares of the firm's 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 completion of the transaction, the director now owns 22,159 shares in the company, valued at $2,394,944.72. This trade represents a 22.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman John W. Swygert sold 6,526 shares of Ollie's Bargain Outlet stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $107.87, for a total value of $703,959.62. Following the completion of the sale, the chairman now directly owns 53,432 shares in the company, valued at approximately $5,763,709.84. This represents a 10.88% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 37,897 shares of company stock worth $4,227,970 over the last ninety days. Insiders own 0.75% of the company's stock.

Ollie's Bargain Outlet Company 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.