Massar Capital Management LP Takes Position in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Massar Capital Management LP acquired a new stake in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 11,768 shares of the company's stock, valued at approximately $1,291,000. Ollie's Bargain Outlet makes up 1.5% of Massar Capital Management LP's investment portfolio, making the stock its 24th largest position.

Several other institutional investors have also recently bought and sold shares of the company. IHT Wealth Management LLC lifted its stake in Ollie's Bargain Outlet by 3.1% in the 4th quarter. IHT Wealth Management LLC now owns 10,167 shares of the company's stock valued at $1,116,000 after acquiring an additional 304 shares in the last quarter. Stifel Financial Corp lifted its stake in Ollie's Bargain Outlet by 225.9% in the 4th quarter. Stifel Financial Corp now owns 161,282 shares of the company's stock valued at $17,697,000 after acquiring an additional 111,788 shares in the last quarter. State of Tennessee Department of Treasury lifted its stake in Ollie's Bargain Outlet by 1.9% in the 4th quarter. State of Tennessee Department of Treasury now owns 25,481 shares of the company's stock valued at $2,796,000 after acquiring an additional 481 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in Ollie's Bargain Outlet by 60.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,539 shares of the company's stock valued at $718,000 after acquiring an additional 2,467 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC lifted its stake in Ollie's Bargain Outlet by 173.8% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,644,774 shares of the company's stock valued at $509,671,000 after acquiring an additional 2,948,393 shares in the last quarter.

Ollie's Bargain Outlet Trading Up 1.8 %

OLLI traded up $1.87 during trading on Friday, reaching $107.31. 969,182 shares of the company's stock were exchanged, compared to its average volume of 1,148,511. The firm has a fifty day moving average price of $106.98 and a two-hundred day moving average price of $104.41. Ollie's Bargain Outlet Holdings, Inc. has a one year low of $70.17 and a one year high of $120.03. The stock has a market capitalization of $6.57 billion, a PE ratio of 32.03, 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 issued its earnings results on Wednesday, March 19th. The company reported $1.19 EPS for the quarter, missing analysts' consensus estimates of $1.20 by ($0.01). The firm had revenue of $667.10 million during 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%. The business's quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.23 earnings per share. Sell-side analysts expect that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Royal Bank of Canada boosted their price target on Ollie's Bargain Outlet from $130.00 to $133.00 and gave the stock an "outperform" rating in a research report on Friday, March 7th. Morgan Stanley upped 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 downgraded shares of Ollie's Bargain Outlet from a "hold" rating to a "sell" rating in a research report on Tuesday, February 4th. Jefferies Financial Group downgraded shares of Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and decreased their price objective for the company from $125.00 to $111.00 in a research report on Tuesday, February 4th. Finally, Piper Sandler decreased their price objective 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. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $123.08.

Insider Buying and Selling at Ollie's Bargain Outlet

In related news, Director Robert Fisch sold 6,250 shares of the business's stock in a transaction that occurred 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 completion of the sale, the director now owns 22,159 shares in the company, valued at $2,394,944.72. The trade was a 22.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available 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 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 $350,767.41. The trade was a 8.70 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 37,897 shares of company stock valued at $4,227,970 in the last 90 days. 0.87% of the stock is currently owned by company insiders.

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.