Freestone Grove Partners LP Purchases Shares of 222,836 Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Freestone Grove Partners LP bought a new position in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 222,836 shares of the company's stock, valued at approximately $24,452,000. Freestone Grove Partners LP owned approximately 0.36% of Ollie's Bargain Outlet as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the stock. Legacy Capital Wealth Partners LLC boosted its stake in Ollie's Bargain Outlet by 3.4% in the 4th quarter. Legacy Capital Wealth Partners LLC now owns 2,834 shares of the company's stock worth $311,000 after purchasing an additional 94 shares during the period. Coldstream Capital Management Inc. boosted its position in shares of Ollie's Bargain Outlet by 3.4% in the fourth quarter. Coldstream Capital Management Inc. now owns 2,912 shares of the company's stock worth $320,000 after buying an additional 97 shares during the period. 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 valued at $31,000 after buying an additional 101 shares in the last quarter. UMB Bank n.a. raised its position in Ollie's Bargain Outlet by 25.3% during the fourth quarter. UMB Bank n.a. now owns 545 shares of the company's stock valued at $60,000 after buying an additional 110 shares during the period. Finally, Precision Wealth Strategies LLC lifted its stake in Ollie's Bargain Outlet by 3.2% in the 4th quarter. Precision Wealth Strategies LLC now owns 3,889 shares of the company's stock worth $427,000 after acquiring an additional 119 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on OLLI. Morgan Stanley increased their price target on shares of Ollie's Bargain Outlet from $108.00 to $118.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 20th. StockNews.com lowered shares of Ollie's Bargain Outlet from a "hold" rating to a "sell" rating in a research note on Tuesday, February 4th. Jefferies Financial Group cut shares of Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and lowered their price target for the company from $125.00 to $111.00 in a report on Tuesday, February 4th. UBS Group lifted their price objective on Ollie's Bargain Outlet from $117.00 to $123.00 and gave the company a "neutral" rating in a research report on Thursday, March 20th. Finally, Piper Sandler dropped their target price on Ollie's Bargain Outlet from $126.00 to $124.00 and set an "overweight" rating on the stock in a research report on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $123.08.

Insider Activity

In other Ollie's Bargain Outlet news, CEO Der Valk Eric Van sold 1,153 shares of the firm'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 owns 6,768 shares in the company, valued at approximately $750,232.80. This trade represents a 14.56 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 sale, the chief financial officer now owns 3,273 shares in the company, valued at approximately $350,767.41. This represents a 8.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 37,897 shares of company stock valued at $4,227,970. Insiders own 0.87% of the company's stock.

Ollie's Bargain Outlet Stock Up 4.2 %

OLLI stock traded up $4.42 during midday trading on Friday, hitting $110.88. 1,011,932 shares of the company traded hands, compared to its average volume of 1,150,912. The business has a 50 day simple moving average of $107.69 and a 200-day simple moving average of $104.84. Ollie's Bargain Outlet Holdings, Inc. has a twelve month low of $72.19 and a twelve month high of $120.03. The stock has a market capitalization of $6.79 billion, a price-to-earnings ratio of 33.10, a price-to-earnings-growth ratio of 2.21 and a beta of 0.45.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last announced 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 business had revenue of $667.10 million for 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%. Ollie's Bargain Outlet's revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.23 EPS. Equities research analysts forecast that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

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.