Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Shares Sold by Junto Capital Management LP

Junto Capital Management LP lowered its holdings in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 16.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 740,089 shares of the company's stock after selling 143,482 shares during the period. Ollie's Bargain Outlet comprises about 1.6% of Junto Capital Management LP's portfolio, making the stock its 25th biggest holding. Junto Capital Management LP owned about 1.21% of Ollie's Bargain Outlet worth $81,210,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of OLLI. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Ollie's Bargain Outlet by 489.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 230 shares of the company's stock valued at $25,000 after buying an additional 191 shares during the last quarter. Wilmington Savings Fund Society FSB lifted its holdings in shares of Ollie's Bargain Outlet by 337.0% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 236 shares of the company's stock valued at $26,000 after purchasing an additional 182 shares in the last quarter. Bogart Wealth LLC purchased a new position in Ollie's Bargain Outlet during the fourth quarter worth about $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 valued at $31,000 after buying an additional 101 shares during the period. Finally, Brown Brothers Harriman & Co. purchased a new stake in Ollie's Bargain Outlet in the 4th quarter worth about $33,000.

Ollie's Bargain Outlet Stock Performance

Ollie's Bargain Outlet stock traded down $0.40 during midday trading on Wednesday, hitting $113.54. 62,346 shares of the company were exchanged, compared to its average volume of 1,151,464. Ollie's Bargain Outlet Holdings, Inc. has a fifty-two week low of $72.19 and a fifty-two week high of $120.03. The firm has a market capitalization of $6.97 billion, a PE ratio of 33.90, a price-to-earnings-growth ratio of 2.21 and a beta of 0.45. The business has a fifty day simple moving average of $108.75 and a two-hundred day simple moving average of $105.65.

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

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. UBS Group upped 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 report on Thursday, March 20th. Piper Sandler reduced their price target on shares of Ollie's Bargain Outlet from $126.00 to $124.00 and set an "overweight" rating for the company in a research report on Thursday, March 20th. StockNews.com upgraded shares of Ollie's Bargain Outlet from a "sell" rating to a "hold" rating in a research note on Tuesday. Royal Bank of Canada upped their price objective on Ollie's Bargain Outlet from $130.00 to $133.00 and gave the company an "outperform" rating in a research report on Friday, March 7th. Finally, Jefferies Financial Group cut shares of Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and dropped their price target for the stock from $125.00 to $111.00 in a research note on Tuesday, February 4th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $123.08.

Insider Activity at Ollie's Bargain Outlet

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

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.