Rheos Capital Works Inc. Sells 35,000 Shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Rheos Capital Works Inc. trimmed its position in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 15.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 193,000 shares of the company's stock after selling 35,000 shares during the quarter. Ollie's Bargain Outlet accounts for 1.8% of Rheos Capital Works Inc.'s portfolio, making the stock its 21st largest position. Rheos Capital Works Inc. owned about 0.32% of Ollie's Bargain Outlet worth $22,457,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Ollie's Bargain Outlet by 489.7% during 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 last quarter. Bogart Wealth LLC bought a new stake in shares of Ollie's Bargain Outlet during the fourth quarter worth $26,000. Wilmington Savings Fund Society FSB grew its holdings in shares of 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. Blue Trust Inc. grew its holdings 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 purchasing an additional 101 shares during the last quarter. Finally, Brown Brothers Harriman & Co. bought a new stake in shares of Ollie's Bargain Outlet during the fourth quarter worth $33,000.

Ollie's Bargain Outlet Trading Down 0.8%

Shares of NASDAQ:OLLI traded down $0.90 during trading on Wednesday, hitting $112.11. 1,222,089 shares of the company were exchanged, compared to its average volume of 1,177,717. The stock has a market cap of $6.88 billion, a price-to-earnings ratio of 33.47, a P/E/G ratio of 2.21 and a beta of 0.37. Ollie's Bargain Outlet Holdings, Inc. has a fifty-two week low of $84.48 and a fifty-two week high of $122.15. The firm has a fifty day moving average price of $111.50 and a two-hundred day moving average price of $108.64.

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

Analysts Set New Price Targets

OLLI has been the topic of several research reports. Royal Bank of Canada reaffirmed an "outperform" rating and set a $133.00 price target on shares of Ollie's Bargain Outlet in a research note on Wednesday, June 4th. UBS Group increased their target price on Ollie's Bargain Outlet from $117.00 to $123.00 and gave the company a "neutral" rating in a research note on Thursday, March 20th. Truist Financial raised their price target on Ollie's Bargain Outlet from $126.00 to $128.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. KeyCorp reaffirmed an "overweight" rating and set a $135.00 price target on shares of Ollie's Bargain Outlet in a research report on Wednesday, June 4th. Finally, Wall Street Zen raised 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 assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $124.50.

Insider Buying and Selling at Ollie's Bargain Outlet

In related news, CEO Der Valk Eric Van sold 1,153 shares of the business's stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $110.85, for a total value of $127,810.05. Following the completion of 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 filing with the SEC, which is accessible through this link. Also, CFO Robert F. Helm sold 312 shares of the business's stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $107.17, for a total value of $33,437.04. Following the completion of the sale, the chief financial officer now owns 3,273 shares of the company's stock, 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 have sold a total of 37,897 shares of company stock valued at $4,227,970 in the last three months. 0.75% of the stock is currently owned by company 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.