Keystone Financial Group Boosts Stake in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Keystone Financial Group grew its position in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 275.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,235 shares of the company's stock after buying an additional 6,773 shares during the period. Keystone Financial Group's holdings in Ollie's Bargain Outlet were worth $964,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Corient Private Wealth LLC increased its holdings in Ollie's Bargain Outlet by 86.2% in the 4th quarter. Corient Private Wealth LLC now owns 8,438 shares of the company's stock valued at $926,000 after purchasing an additional 3,906 shares during the last quarter. Next Century Growth Investors LLC grew its stake in 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 purchasing an additional 35,075 shares in the last quarter. Oak Thistle LLC purchased a new stake in Ollie's Bargain Outlet during the 4th quarter worth about $1,345,000. JPMorgan Chase & Co. grew its position in shares of Ollie's Bargain Outlet by 130.5% during the fourth quarter. JPMorgan Chase & Co. now owns 436,366 shares of the company's stock worth $47,882,000 after buying an additional 247,065 shares in the last quarter. Finally, Van ECK Associates Corp raised its holdings in Ollie's Bargain Outlet by 36.5% in the fourth 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 in the last quarter.

Analysts Set New Price Targets

Several brokerages have issued reports on OLLI. StockNews.com downgraded shares of Ollie's Bargain Outlet from a "hold" rating to a "sell" rating in a research report on Tuesday, February 4th. Morgan Stanley lifted their target price 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. Loop Capital boosted their price objective on shares of Ollie's Bargain Outlet from $120.00 to $130.00 and gave the company a "buy" rating in a research note on Monday, December 23rd. Jefferies Financial Group downgraded shares of Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and lowered their target price for the company from $125.00 to $111.00 in a report on Tuesday, February 4th. Finally, Royal Bank of Canada lifted their price objective on Ollie's Bargain Outlet from $130.00 to $133.00 and gave the company an "outperform" rating in a report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Ollie's Bargain Outlet has an average rating of "Moderate Buy" and a consensus price target of $123.08.

Insider Activity at Ollie's Bargain Outlet

In other Ollie's Bargain Outlet news, SVP Kevin Mclain sold 4,799 shares of Ollie's Bargain Outlet stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $115.56, for a total transaction of $554,572.44. Following the transaction, the senior vice president now directly owns 12,336 shares of the company's stock, valued at $1,425,548.16. The trade was a 28.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Robert F. Helm sold 312 shares of the business's stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $107.17, for a total value of $33,437.04. Following the transaction, 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 37,897 shares of company stock worth $4,227,970. 0.87% of the stock is owned by insiders.

Ollie's Bargain Outlet Stock Up 1.8 %

Shares of OLLI traded up $1.98 during trading hours on Friday, reaching $111.95. 1,118,807 shares of the company traded hands, compared to its average volume of 1,132,831. The stock has a fifty day simple moving average of $106.89 and a 200 day simple moving average of $103.85. Ollie's Bargain Outlet Holdings, Inc. has a fifty-two week low of $70.17 and a fifty-two week high of $120.03. The stock has a market capitalization of $6.86 billion, a PE ratio of 33.42, a price-to-earnings-growth ratio of 2.21 and a beta of 0.75.

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