Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP boosted its stake in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 22.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 46,528 shares of the company's stock after acquiring an additional 8,636 shares during the quarter. Quantinno Capital Management LP owned 0.08% of Ollie's Bargain Outlet worth $5,106,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. lifted 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 valued at $25,000 after buying an additional 191 shares in the last quarter. Wilmington Savings Fund Society FSB increased its position in 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 worth $26,000 after purchasing an additional 182 shares during the last quarter. Bogart Wealth LLC purchased a new stake in shares of Ollie's Bargain Outlet during the 4th quarter valued at approximately $26,000. Blue Trust Inc. lifted its stake in shares of Ollie's Bargain Outlet by 55.2% in the 4th quarter. Blue Trust Inc. now owns 284 shares of the company's stock valued at $31,000 after purchasing an additional 101 shares during the last quarter. Finally, Brown Brothers Harriman & Co. purchased a new position in Ollie's Bargain Outlet during the fourth quarter worth about $33,000.

Ollie's Bargain Outlet Price Performance

Shares of Ollie's Bargain Outlet stock traded down $3.87 during trading hours on Tuesday, hitting $116.88. The company had a trading volume of 1,676,469 shares, compared to its average volume of 1,161,507. The company's 50-day moving average is $110.30 and its two-hundred day moving average is $106.54. The company has a market cap of $7.18 billion, a P/E ratio of 34.89, a price-to-earnings-growth ratio of 2.21 and a beta of 0.45. Ollie's Bargain Outlet Holdings, Inc. has a twelve month low of $72.22 and a twelve month high of $124.43.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. KeyCorp lifted their price objective on Ollie's Bargain Outlet from $125.00 to $135.00 and gave the company an "overweight" rating in a research note on Tuesday. 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. UBS Group upped their price objective 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. Morgan Stanley lifted their target price on Ollie's Bargain Outlet from $108.00 to $118.00 and gave the company an "equal weight" rating in a report on Thursday, March 20th. Finally, JPMorgan Chase & Co. upped their price target on Ollie's Bargain Outlet from $135.00 to $137.00 and gave the stock an "overweight" rating in a report on Monday. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, Ollie's Bargain Outlet currently has an average rating of "Moderate Buy" and an average target price of $124.07.

Insider Activity at Ollie's Bargain Outlet

In other news, Director Robert Fisch sold 6,250 shares of the business's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $108.08, for a total value of $675,500.00. Following the transaction, the director now owns 22,159 shares of the company's stock, valued at approximately $2,394,944.72. The trade was a 22.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Robert F. Helm sold 312 shares of Ollie's Bargain Outlet stock in a transaction on Monday, April 7th. The shares were sold at an average price of $107.17, for a total transaction of $33,437.04. Following the completion of the transaction, the chief financial officer now owns 3,273 shares in the company, valued at approximately $350,767.41. This trade represents a 8.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 37,897 shares of company stock worth $4,227,970 in the last 90 days. 0.75% of the stock is owned by insiders.

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.