22,322 Shares in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Purchased by Granahan Investment Management LLC

Granahan Investment Management LLC bought a new stake in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 22,322 shares of the company's stock, valued at approximately $2,449,000.

Several other large investors have also made changes to their positions in the business. FORA Capital LLC raised its stake in shares of Ollie's Bargain Outlet by 332.3% during the 4th quarter. FORA Capital LLC now owns 20,750 shares of the company's stock worth $2,277,000 after buying an additional 15,950 shares during the period. Deutsche Bank AG raised its stake in shares of Ollie's Bargain Outlet by 253.3% during the 4th quarter. Deutsche Bank AG now owns 17,168 shares of the company's stock worth $1,884,000 after buying an additional 12,308 shares during the period. Corton Capital Inc. acquired a new position in Ollie's Bargain Outlet in the 4th quarter valued at $214,000. Cetera Investment Advisers raised its stake in Ollie's Bargain Outlet by 42.2% in the 4th quarter. Cetera Investment Advisers now owns 19,084 shares of the company's stock valued at $2,094,000 after purchasing an additional 5,660 shares during the last quarter. Finally, Captrust Financial Advisors raised its stake in Ollie's Bargain Outlet by 166.1% in the 4th quarter. Captrust Financial Advisors now owns 7,815 shares of the company's stock valued at $858,000 after purchasing an additional 4,878 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on OLLI shares. Morgan Stanley increased their price objective on 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. UBS Group increased their price objective on Ollie's Bargain Outlet from $117.00 to $123.00 and gave the company a "neutral" rating in a research note on Thursday, March 20th. Piper Sandler reduced their price objective on Ollie's Bargain Outlet from $126.00 to $124.00 and set an "overweight" rating for the company in a research note on Thursday, March 20th. Royal Bank of Canada increased their price objective on 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, StockNews.com raised Ollie's Bargain Outlet from a "sell" rating to a "hold" rating in a research note on Tuesday. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Ollie's Bargain Outlet currently has a consensus rating of "Moderate Buy" and a consensus price target of $123.08.

Insider Transactions at Ollie's Bargain Outlet

In other Ollie's Bargain Outlet news, CFO Robert F. Helm sold 312 shares of the firm's stock in a transaction on Monday, April 7th. The stock was sold at an average price of $107.17, for a total value of $33,437.04. Following the completion of the sale, the chief financial officer now owns 3,273 shares of the company's stock, valued at approximately $350,767.41. This trade represents a 8.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert Fisch sold 6,250 shares of the stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $108.08, for a total transaction of $675,500.00. Following the completion of the transaction, the director now owns 22,159 shares of the company's stock, valued at $2,394,944.72. This represents a 22.00% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 37,897 shares of company stock valued at $4,227,970. Corporate insiders own 0.75% of the company's stock.

Ollie's Bargain Outlet Stock Performance

Shares of OLLI traded down $0.36 during midday trading on Wednesday, hitting $113.58. The company had a trading volume of 929,974 shares, compared to its average volume of 1,154,733. The company's 50-day simple moving average is $108.96 and its 200-day simple moving average is $105.71. The firm has a market capitalization of $6.97 billion, a P/E ratio of 33.90, a P/E/G ratio of 2.21 and a beta of 0.45. Ollie's Bargain Outlet Holdings, Inc. has a 1 year low of $72.19 and a 1 year high of $120.03.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last announced its quarterly earnings data on Wednesday, March 19th. The company reported $1.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.01). The company had revenue of $667.10 million during the quarter, compared to analysts' expectations of $674.61 million. Ollie's Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. The business's quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.23 EPS. Equities analysts predict that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal year.

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.