Redwood Investments LLC Decreases Stake in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Redwood Investments LLC decreased its position in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 72.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 55,004 shares of the company's stock after selling 145,896 shares during the quarter. Ollie's Bargain Outlet makes up 1.1% of Redwood Investments LLC's portfolio, making the stock its 29th biggest holding. Redwood Investments LLC owned 0.09% of Ollie's Bargain Outlet worth $4,174,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of OLLI. Raymond James & Associates lifted its holdings in Ollie's Bargain Outlet by 3.6% in the first quarter. Raymond James & Associates now owns 95,209 shares of the company's stock valued at $4,090,000 after acquiring an additional 3,348 shares during the period. Cetera Advisor Networks LLC purchased a new stake in Ollie's Bargain Outlet in the first quarter worth about $263,000. MetLife Investment Management LLC increased its position in Ollie's Bargain Outlet by 29.7% in the first quarter. MetLife Investment Management LLC now owns 38,049 shares of the company's stock worth $1,635,000 after buying an additional 8,723 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Ollie's Bargain Outlet by 7.2% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,515 shares of the company's stock worth $924,000 after buying an additional 1,451 shares in the last quarter. Finally, Great West Life Assurance Co. Can increased its position in Ollie's Bargain Outlet by 3.5% in the first quarter. Great West Life Assurance Co. Can now owns 31,651 shares of the company's stock worth $1,398,000 after buying an additional 1,081 shares in the last quarter.

Insider Activity

In other news, CEO John W. Swygert sold 5,000 shares of the firm's stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $82.57, for a total value of $412,850.00. Following the completion of the sale, the chief executive officer now directly owns 48,200 shares of the company's stock, valued at approximately $3,979,874. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO John W. Swygert sold 5,000 shares of the firm's stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $82.57, for a total value of $412,850.00. Following the completion of the sale, the chief executive officer now directly owns 48,200 shares of the company's stock, valued at approximately $3,979,874. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John W. Swygert sold 2,342 shares of the firm's stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $75.23, for a total value of $176,188.66. Following the completion of the sale, the chief executive officer now directly owns 48,200 shares of the company's stock, valued at $3,626,086. The disclosure for this sale can be found here. Insiders sold 12,587 shares of company stock valued at $1,001,401 in the last ninety days. Insiders own 0.86% of the company's stock.

Ollie's Bargain Outlet Stock Down 6.7 %

Ollie's Bargain Outlet stock traded down $5.34 during midday trading on Monday, reaching $74.23. 1,837,585 shares of the stock traded hands, compared to its average volume of 882,593. The stock's fifty day moving average is $76.53 and its 200-day moving average is $75.50. Ollie's Bargain Outlet Holdings, Inc. has a 12 month low of $52.93 and a 12 month high of $84.38. The stock has a market cap of $4.56 billion, a P/E ratio of 25.42 and a beta of 0.76.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last posted its quarterly earnings data on Wednesday, March 20th. The company reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.07. The business had revenue of $648.90 million during the quarter, compared to analyst estimates of $649.39 million. Ollie's Bargain Outlet had a return on equity of 12.55% and a net margin of 8.63%. The company's revenue for the quarter was up 18.0% on a year-over-year basis. During the same period last year, the company earned $0.84 EPS. On average, equities analysts predict that Ollie's Bargain Outlet Holdings, Inc. will post 3.19 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on OLLI. UBS Group upped their price target on Ollie's Bargain Outlet from $92.00 to $95.00 and gave the stock a "neutral" rating in a research report on Thursday, December 7th. TheStreet cut Ollie's Bargain Outlet from a "b" rating to a "c+" rating in a research report on Thursday, December 14th. The Goldman Sachs Group increased their target price on Ollie's Bargain Outlet from $91.00 to $104.00 and gave the stock a "buy" rating in a research report on Thursday, March 21st. Royal Bank of Canada reiterated an "outperform" rating and set a $86.00 target price on shares of Ollie's Bargain Outlet in a research report on Thursday, March 21st. Finally, Craig Hallum increased their target price on Ollie's Bargain Outlet from $98.00 to $100.00 and gave the stock a "buy" rating in a research report on Thursday, March 21st. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $84.08.

Ollie's Bargain Outlet Profile

Ollie's Bargain Outlet Holdings, Inc operates as a retailer of brand name merchandise in the United States. The company offers housewares, bed and bath, food, floor coverings, health and beauty aids, books and stationery, toys, and electronics; and other products, including hardware, candy, clothing, sporting goods, pet and lawn, and garden products.