Trust Point Inc. Has $1.08 Million Holdings in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Trust Point Inc. cut its stake in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 32.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,296 shares of the company's stock after selling 4,499 shares during the quarter. Trust Point Inc.'s holdings in Ollie's Bargain Outlet were worth $1,082,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in 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 acquiring an additional 191 shares in the last quarter. Bogart Wealth LLC bought a new position in Ollie's Bargain Outlet during the fourth quarter worth $26,000. Blue Trust Inc. boosted its stake in 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 acquiring an additional 101 shares in the last quarter. City Holding Co. bought a new position in Ollie's Bargain Outlet during the first quarter worth $31,000. Finally, Brown Brothers Harriman & Co. bought a new position in Ollie's Bargain Outlet during the fourth quarter worth $33,000.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on OLLI shares. UBS Group increased 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 note on Thursday, March 20th. KeyCorp reaffirmed an "overweight" rating and issued a $135.00 price objective on shares of Ollie's Bargain Outlet in a research note on Wednesday, June 4th. Piper Sandler reaffirmed an "overweight" rating and issued a $123.00 price objective (down from $124.00) on shares of Ollie's Bargain Outlet in a research note on Wednesday, June 4th. Morgan Stanley raised their price objective on shares of Ollie's Bargain Outlet from $108.00 to $118.00 and gave the company an "equal weight" rating in a research note on Thursday, March 20th. Finally, Wall Street Zen raised shares of Ollie's Bargain Outlet from a "sell" rating to a "hold" rating in a research note on Tuesday, May 13th. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $124.50.

Ollie's Bargain Outlet Price Performance

OLLI opened at $114.48 on Monday. The company's 50-day moving average is $111.84 and its 200 day moving average is $108.93. Ollie's Bargain Outlet Holdings, Inc. has a fifty-two week low of $86.05 and a fifty-two week high of $122.15. The firm has a market capitalization of $7.02 billion, a P/E ratio of 34.17, a PEG ratio of 2.21 and a beta of 0.37.

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

Insider Buying and Selling

In other news, CFO Robert F. Helm sold 312 shares of Ollie's Bargain Outlet stock in a transaction dated 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 transaction, the chief financial officer now owns 3,273 shares in the company, valued at $350,767.41. This trade represents a 8.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 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 owns 53,432 shares of the company's stock, valued at $5,763,709.84. The trade was a 10.88% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 37,897 shares of company stock worth $4,227,970. Insiders own 0.75% of the company's stock.

Ollie's Bargain Outlet 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.

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