Two Sigma Investments LP Takes $6.02 Million Position in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Two Sigma Investments LP acquired a new position in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 54,823 shares of the company's stock, valued at approximately $6,016,000. Two Sigma Investments LP owned 0.09% of Ollie's Bargain Outlet as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted 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 acquiring an additional 191 shares during the period. Wilmington Savings Fund Society FSB grew 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 buying an additional 182 shares in the last quarter. Bogart Wealth LLC acquired a new stake in Ollie's Bargain Outlet during the fourth quarter worth approximately $26,000. Blue Trust Inc. grew its position 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 buying an additional 101 shares in the last quarter. Finally, Brown Brothers Harriman & Co. acquired a new stake in Ollie's Bargain Outlet during the fourth quarter worth approximately $33,000.

Ollie's Bargain Outlet Stock Performance

Shares of OLLI traded down $0.80 during trading hours on Friday, reaching $110.95. The stock had a trading volume of 1,029,640 shares, compared to its average volume of 1,174,440. Ollie's Bargain Outlet Holdings, Inc. has a 12 month low of $81.15 and a 12 month high of $122.15. The stock has a market capitalization of $6.81 billion, a PE ratio of 33.12, a PEG ratio of 2.21 and a beta of 0.45. The company's 50-day moving average is $111.56 and its two-hundred day moving average is $107.49.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last announced its quarterly earnings results on Wednesday, March 19th. The company reported $1.19 EPS for the quarter, missing analysts' consensus estimates of $1.20 by ($0.01). The firm had revenue of $667.10 million during the quarter, compared to the consensus estimate 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 was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.23 earnings per share. Equities analysts anticipate that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal year.

Insider Activity at Ollie's Bargain Outlet

In related news, SVP Kevin Mclain sold 4,799 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $115.56, for a total value of $554,572.44. Following the completion of the sale, the senior vice president now directly owns 12,336 shares in the company, valued at $1,425,548.16. This represents a 28.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman John W. Swygert sold 6,526 shares of the stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $107.87, for a total value of $703,959.62. Following the sale, the chairman now owns 53,432 shares of the company's stock, valued at approximately $5,763,709.84. The trade was a 10.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 37,897 shares of company stock worth $4,227,970 over the last three months. Company insiders own 0.87% of the company's stock.

Wall Street Analysts Forecast Growth

OLLI has been the topic of a number of analyst reports. KeyCorp increased their price target on Ollie's Bargain Outlet from $125.00 to $135.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 20th. UBS Group upped their target price on 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. JPMorgan Chase & Co. upped their target price on Ollie's Bargain Outlet from $135.00 to $137.00 and gave the stock an "overweight" rating in a research note on Monday, May 19th. Wall Street Zen upgraded Ollie's Bargain Outlet from a "sell" rating to a "hold" rating in a research note on Tuesday, May 13th. Finally, Jefferies Financial Group cut Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and cut their target price for the stock from $125.00 to $111.00 in a research note on Tuesday, February 4th. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $124.07.

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.