Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Shares Sold by WCM Investment Management LLC

WCM Investment Management LLC lessened its stake in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 6.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 147,738 shares of the company's stock after selling 9,410 shares during the quarter. WCM Investment Management LLC owned 0.24% of Ollie's Bargain Outlet worth $16,730,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. US Bancorp DE raised its position in Ollie's Bargain Outlet by 38.6% during the fourth quarter. US Bancorp DE now owns 41,608 shares of the company's stock valued at $4,566,000 after acquiring an additional 11,587 shares in the last quarter. SRS Capital Advisors Inc. increased its holdings in shares of Ollie's Bargain Outlet by 14.4% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,098 shares of the company's stock valued at $120,000 after purchasing an additional 138 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Ollie's Bargain Outlet by 0.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 756,051 shares of the company's stock valued at $82,961,000 after purchasing an additional 2,393 shares in the last quarter. Keybank National Association OH acquired a new position in shares of Ollie's Bargain Outlet in the fourth quarter worth about $806,000. Finally, Atria Investments Inc boosted its position in Ollie's Bargain Outlet by 107.6% during the fourth quarter. Atria Investments Inc now owns 31,593 shares of the company's stock worth $3,467,000 after purchasing an additional 16,373 shares in the last quarter.

Insider Buying and Selling

In other news, Chairman John W. Swygert sold 3,331 shares of Ollie's Bargain Outlet stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $114.60, for a total transaction of $381,732.60. Following the sale, the chairman owned 48,200 shares of the company's stock, valued at approximately $5,523,720. The trade was a 6.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Der Valk Eric Van sold 728 shares of the company's stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $112.85, for a total value of $82,154.80. Following the completion of the transaction, the chief executive officer owned 7,761 shares in the company, valued at $875,828.85. This represents a 8.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,371 shares of company stock worth $497,324. Insiders own 0.75% of the company's stock.

Ollie's Bargain Outlet Price Performance

NASDAQ OLLI traded up $0.47 during trading hours on Thursday, hitting $130.65. 265,059 shares of the company's stock traded hands, compared to its average volume of 1,168,055. The company has a market capitalization of $8.01 billion, a PE ratio of 40.21, a PEG ratio of 2.94 and a beta of 0.41. Ollie's Bargain Outlet Holdings, Inc. has a 52-week low of $86.05 and a 52-week high of $134.59. The firm's 50-day moving average is $115.96 and its 200-day moving average is $110.90.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.70 by $0.05. Ollie's Bargain Outlet had a return on equity of 12.27% and a net margin of 8.59%. The business had revenue of $576.77 million during the quarter, compared to analyst estimates of $565.04 million. During the same period in the prior year, the business earned $0.73 earnings per share. The business's revenue was up 13.4% compared to the same quarter last year. Equities research analysts predict that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

OLLI has been the subject of a number of recent analyst reports. Loop Capital cut Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and set a $130.00 price objective for the company. in a research report on Tuesday, June 24th. KeyCorp set a $145.00 price target on shares of Ollie's Bargain Outlet and gave the company an "overweight" rating in a research note on Thursday, June 26th. JPMorgan Chase & Co. boosted their price target on shares of Ollie's Bargain Outlet from $135.00 to $137.00 and gave the stock an "overweight" rating in a report on Monday, May 19th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $133.00 price objective on shares of Ollie's Bargain Outlet in a report on Wednesday, June 4th. Finally, UBS Group boosted 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. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $125.21.

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.