Peregrine Capital Management LLC Has $8.61 Million Stock Position in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Peregrine Capital Management LLC reduced its stake in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 24.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 113,504 shares of the company's stock after selling 36,536 shares during the quarter. Peregrine Capital Management LLC owned 0.18% of Ollie's Bargain Outlet worth $8,614,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of OLLI. Operose Advisors LLC acquired a new position in Ollie's Bargain Outlet during the third quarter worth $26,000. Creative Planning acquired a new position in Ollie's Bargain Outlet during the third quarter worth $46,000. Captrust Financial Advisors raised its stake in Ollie's Bargain Outlet by 81.1% during the second quarter. Captrust Financial Advisors now owns 1,411 shares of the company's stock worth $83,000 after acquiring an additional 632 shares in the last quarter. CWM LLC raised its stake in Ollie's Bargain Outlet by 58.5% during the third quarter. CWM LLC now owns 1,384 shares of the company's stock worth $107,000 after acquiring an additional 511 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new position in Ollie's Bargain Outlet during the third quarter worth $143,000.

Wall Street Analysts Forecast Growth

OLLI has been the topic of several research analyst reports. 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 report on Thursday, March 21st. JPMorgan Chase & Co. decreased their target price on Ollie's Bargain Outlet from $88.00 to $85.00 and set a "neutral" rating on the stock in a report on Thursday, March 21st. TheStreet cut Ollie's Bargain Outlet from a "b" rating to a "c+" rating in a report on Thursday, December 14th. Royal Bank of Canada restated an "outperform" rating and set a $86.00 target price on shares of Ollie's Bargain Outlet in a report on Thursday, March 21st. Finally, Loop Capital upgraded Ollie's Bargain Outlet from a "hold" rating to a "buy" rating and increased their target price for the stock from $80.00 to $90.00 in a report on Friday, April 5th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Ollie's Bargain Outlet currently has an average rating of "Moderate Buy" and an average price target of $84.92.

Ollie's Bargain Outlet Trading Down 0.1 %

Ollie's Bargain Outlet stock traded down $0.08 during mid-day trading on Wednesday, hitting $72.82. The stock had a trading volume of 1,011,864 shares, compared to its average volume of 922,943. 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 50-day simple moving average of $76.43 and a two-hundred day simple moving average of $75.29. The stock has a market capitalization of $4.47 billion, a PE ratio of 24.94 and a beta of 0.76.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last released its earnings results on Wednesday, March 20th. The company reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.07. Ollie's Bargain Outlet had a return on equity of 12.55% and a net margin of 8.63%. The firm had revenue of $648.90 million for the quarter, compared to analyst estimates of $649.39 million. During the same quarter in the prior year, the firm posted $0.84 earnings per share. The company's quarterly revenue was up 18.0% on a year-over-year basis. Sell-side analysts expect that Ollie's Bargain Outlet Holdings, Inc. will post 3.18 earnings per share for the current fiscal year.

Insider Buying and Selling at Ollie's Bargain Outlet

In other Ollie's Bargain Outlet news, CEO John W. Swygert sold 5,000 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $82.57, for a total value of $412,850.00. Following the transaction, the chief executive officer now owns 48,200 shares of the company's stock, valued at $3,979,874. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO John W. Swygert sold 11,756 shares of the firm's stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $75.22, for a total transaction of $884,286.32. Following the sale, the chief executive officer now owns 48,200 shares of the company's stock, valued at $3,625,604. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO John W. Swygert sold 5,000 shares of the firm's stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $82.57, for a total value of $412,850.00. Following the sale, the chief executive officer now directly owns 48,200 shares in the company, valued at approximately $3,979,874. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 22,171 shares of company stock valued at $1,722,888. 0.86% of the stock is currently owned by company insiders.

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.