MGO One Seven LLC Has $1.74 Million Stock Holdings in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

MGO One Seven LLC boosted its holdings in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 50.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,850 shares of the company's stock after buying an additional 5,287 shares during the quarter. MGO One Seven LLC's holdings in Ollie's Bargain Outlet were worth $1,739,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Barclays PLC lifted its position in Ollie's Bargain Outlet by 59.2% during the 3rd quarter. Barclays PLC now owns 41,307 shares of the company's stock worth $4,014,000 after acquiring an additional 15,357 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of Ollie's Bargain Outlet during the 3rd quarter worth about $969,000. JPMorgan Chase & Co. boosted its stake in Ollie's Bargain Outlet by 79.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 189,301 shares of the company's stock valued at $18,400,000 after purchasing an additional 83,882 shares during the period. GAMMA Investing LLC boosted its stake in Ollie's Bargain Outlet by 35.9% during the 4th quarter. GAMMA Investing LLC now owns 885 shares of the company's stock valued at $97,000 after purchasing an additional 234 shares during the period. Finally, Nordea Investment Management AB grew its holdings in Ollie's Bargain Outlet by 3.1% in the 4th quarter. Nordea Investment Management AB now owns 78,400 shares of the company's stock valued at $8,669,000 after buying an additional 2,354 shares during the last quarter.

Ollie's Bargain Outlet Trading Down 1.5 %

OLLI stock traded down $1.59 during trading on Wednesday, hitting $103.91. 283,603 shares of the stock traded hands, compared to its average volume of 1,143,320. The stock has a market cap of $6.36 billion, a price-to-earnings ratio of 31.02, a P/E/G ratio of 2.21 and a beta of 0.75. Ollie's Bargain Outlet Holdings, Inc. has a one year low of $70.17 and a one year high of $120.03. The company has a 50 day simple moving average of $107.07 and a 200 day simple moving average of $104.50.

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 analysts' consensus estimates of $1.20 by ($0.01). Ollie's Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The business had revenue of $667.10 million for the quarter, compared to the consensus estimate of $674.61 million. During the same quarter last year, the company earned $1.23 earnings per share. The firm's revenue was up 2.8% on a year-over-year basis. As a group, analysts predict that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on OLLI. Jefferies Financial Group cut Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and reduced their price objective for the company from $125.00 to $111.00 in a research report on Tuesday, February 4th. 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 report on Thursday, March 20th. UBS Group boosted their price objective on shares of Ollie's Bargain Outlet from $117.00 to $123.00 and gave the stock a "neutral" rating in a report on Thursday, March 20th. StockNews.com cut shares of Ollie's Bargain Outlet from a "hold" rating to a "sell" rating in a research note on Tuesday, February 4th. Finally, Royal Bank of Canada boosted their price target 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. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $123.08.

Insider Activity at Ollie's Bargain Outlet

In other Ollie's Bargain Outlet news, Director Robert Fisch sold 6,250 shares of the company's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $108.08, for a total transaction of $675,500.00. Following the transaction, the director now owns 22,159 shares of the company's stock, valued at approximately $2,394,944.72. This represents a 22.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Robert F. Helm sold 312 shares of the business'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 sale, the chief financial officer now owns 3,273 shares of the company's stock, valued at approximately $350,767.41. The trade was a 8.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 37,897 shares of company stock valued at $4,227,970 over the last ninety days. 0.87% of the stock is owned by 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.