Nuveen Asset Management LLC Sells 3,411 Shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Nuveen Asset Management LLC decreased its stake in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 1.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 215,156 shares of the company's stock after selling 3,411 shares during the quarter. Nuveen Asset Management LLC owned about 0.35% of Ollie's Bargain Outlet worth $23,609,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of OLLI. Mitsubishi UFJ Asset Management Co. Ltd. grew its position 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 valued at $25,000 after acquiring an additional 191 shares in the last quarter. Wilmington Savings Fund Society FSB raised its stake 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 in the last quarter. Bogart Wealth LLC acquired a new stake in Ollie's Bargain Outlet during the 4th quarter worth $26,000. Blue Trust Inc. lifted its position in Ollie's Bargain Outlet by 55.2% in the fourth 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 Ollie's Bargain Outlet in the fourth quarter valued at $33,000.

Analyst Upgrades and Downgrades

OLLI has been the subject of several research reports. Royal Bank of Canada boosted their target price on Ollie's Bargain Outlet from $130.00 to $133.00 and gave the company an "outperform" rating in a report on Friday, March 7th. UBS Group raised their target price on shares of 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. Piper Sandler reduced their price target on shares of 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. Wall Street Zen raised shares of Ollie's Bargain Outlet from a "sell" rating to a "hold" rating in a research report on Tuesday, May 13th. Finally, KeyCorp upped their target price on shares of Ollie's Bargain Outlet from $125.00 to $135.00 and gave the company an "overweight" rating in a report on Tuesday, May 20th. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $124.07.

Insider Transactions at Ollie's Bargain Outlet

In other Ollie's Bargain Outlet news, CEO Der Valk Eric Van sold 1,153 shares of the business's stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $110.85, for a total value of $127,810.05. Following the sale, the chief executive officer now directly owns 6,768 shares in the company, valued at approximately $750,232.80. The trade was a 14.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman John W. Swygert sold 6,526 shares of the firm's stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $107.87, for a total transaction of $703,959.62. Following the completion of the transaction, the chairman now directly owns 53,432 shares of the company's stock, valued at $5,763,709.84. This represents a 10.88% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 37,897 shares of company stock worth $4,227,970. 0.87% of the stock is currently owned by company insiders.

Ollie's Bargain Outlet Price Performance

OLLI traded up $0.31 during midday trading on Wednesday, reaching $114.70. 240,062 shares of the company's stock were exchanged, compared to its average volume of 1,167,952. Ollie's Bargain Outlet Holdings, Inc. has a 1-year low of $77.75 and a 1-year high of $122.15. The business's 50-day moving average price is $111.27 and its 200 day moving average price is $107.12. The stock has a market capitalization of $7.04 billion, a PE ratio of 34.22, a P/E/G ratio of 2.21 and a beta of 0.45.

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