Fuller & Thaler Asset Management Inc. Has $167,000 Stake in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Fuller & Thaler Asset Management Inc. lowered its holdings in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 99.6% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 1,521 shares of the company's stock after selling 404,269 shares during the period. Fuller & Thaler Asset Management Inc.'s holdings in Ollie's Bargain Outlet were worth $167,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of OLLI. Corient Private Wealth LLC increased its holdings in shares of Ollie's Bargain Outlet by 86.2% during the 4th quarter. Corient Private Wealth LLC now owns 8,438 shares of the company's stock worth $926,000 after acquiring an additional 3,906 shares during the last quarter. Next Century Growth Investors LLC lifted its stake in shares of Ollie's Bargain Outlet by 27.6% during the 4th quarter. Next Century Growth Investors LLC now owns 162,136 shares of the company's stock worth $17,791,000 after buying an additional 35,075 shares during the last quarter. Oak Thistle LLC bought a new stake in shares of Ollie's Bargain Outlet during the 4th quarter worth about $1,345,000. JPMorgan Chase & Co. grew its stake in Ollie's Bargain Outlet by 130.5% in the 4th quarter. JPMorgan Chase & Co. now owns 436,366 shares of the company's stock valued at $47,882,000 after buying an additional 247,065 shares during the last quarter. Finally, Van ECK Associates Corp raised its holdings in Ollie's Bargain Outlet by 36.5% in the 4th quarter. Van ECK Associates Corp now owns 46,659 shares of the company's stock valued at $5,120,000 after acquiring an additional 12,476 shares during the period.

Wall Street Analyst Weigh In

OLLI has been the topic of several research reports. StockNews.com downgraded Ollie's Bargain Outlet from a "hold" rating to a "sell" rating in a research report on Tuesday, February 4th. Piper Sandler lowered their price objective 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. Jefferies Financial Group downgraded Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and dropped their target price for the stock from $125.00 to $111.00 in a report on Tuesday, February 4th. Royal Bank of Canada upped their price target on shares of Ollie's Bargain Outlet from $130.00 to $133.00 and gave the company an "outperform" rating in a research note on Friday, March 7th. Finally, Morgan Stanley lifted their price objective on shares of Ollie's Bargain Outlet from $108.00 to $118.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $123.08.

Ollie's Bargain Outlet Stock Performance

Shares of Ollie's Bargain Outlet stock traded up $0.61 during midday trading on Wednesday, hitting $106.11. 1,056,256 shares of the company traded hands, compared to its average volume of 1,146,256. The stock has a market cap of $6.50 billion, a price-to-earnings ratio of 31.67, a PEG ratio of 2.21 and a beta of 0.75. The firm's fifty day moving average price is $107.07 and its 200-day moving average price is $104.50. Ollie's Bargain Outlet Holdings, Inc. has a 12 month low of $70.17 and a 12 month high of $120.03.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last posted its earnings results on Wednesday, March 19th. The company reported $1.19 earnings per share for the quarter, missing analysts' consensus estimates of $1.20 by ($0.01). The company had revenue of $667.10 million for the quarter, compared to the consensus estimate of $674.61 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 2.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.23 EPS. Equities research analysts forecast that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

Insider Buying and Selling at Ollie's Bargain Outlet

In related news, CFO Robert F. Helm sold 2,145 shares of the business's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $108.50, for a total value of $232,732.50. Following the sale, the chief financial officer now owns 3,888 shares of the company's stock, valued at $421,848. The trade was a 35.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robert Fisch sold 6,250 shares of the firm's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $108.08, for a total value of $675,500.00. Following the transaction, the director now directly owns 22,159 shares of the company's stock, valued at approximately $2,394,944.72. This represents a 22.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 37,897 shares of company stock worth $4,227,970. 0.87% of the stock is currently owned by company insiders.

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.