WCM Investment Management LLC Sells 129,781 Shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

WCM Investment Management LLC lessened its stake in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 40.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 189,472 shares of the company's stock after selling 129,781 shares during the quarter. WCM Investment Management LLC owned 0.31% of Ollie's Bargain Outlet worth $14,432,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Operose Advisors LLC acquired a new position in shares of Ollie's Bargain Outlet in the 3rd quarter valued at about $26,000. Creative Planning acquired a new position in shares of Ollie's Bargain Outlet in the 3rd quarter valued at about $46,000. Captrust Financial Advisors increased its stake in shares of Ollie's Bargain Outlet by 81.1% in the 2nd quarter. Captrust Financial Advisors now owns 1,411 shares of the company's stock valued at $83,000 after purchasing an additional 632 shares in the last quarter. CWM LLC increased its stake in shares of Ollie's Bargain Outlet by 58.5% in the 3rd quarter. CWM LLC now owns 1,384 shares of the company's stock valued at $107,000 after purchasing an additional 511 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd purchased a new position in shares of Ollie's Bargain Outlet in the 3rd quarter valued at about $143,000.

Ollie's Bargain Outlet Stock Performance

Shares of OLLI stock traded down $1.60 during trading hours on Friday, reaching $71.52. The company had a trading volume of 759,704 shares, compared to its average volume of 1,308,761. The stock has a fifty day moving average of $76.34 and a 200-day moving average of $75.24. The company has a market capitalization of $4.39 billion, a price-to-earnings ratio of 24.49 and a beta of 0.76. Ollie's Bargain Outlet Holdings, Inc. has a 12-month low of $52.93 and a 12-month high of $84.38.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last posted its quarterly earnings results on Wednesday, March 20th. The company reported $1.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 business's revenue was up 18.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.84 earnings per share. On average, analysts forecast that Ollie's Bargain Outlet Holdings, Inc. will post 3.18 EPS for the current year.

Insider Activity at Ollie's Bargain Outlet

In related news, VP Larry Kraus sold 2,928 shares of the company's stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $79.00, for a total value of $231,312.00. Following the transaction, the vice president now directly owns 1,905 shares in the company, valued at $150,495. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, VP Larry Kraus sold 2,928 shares of the company's stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $79.00, for a total transaction of $231,312.00. Following the completion of the sale, the vice president now directly owns 1,905 shares in the company, valued at approximately $150,495. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO John W. Swygert sold 5,000 shares of the company's stock in a transaction 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 sale, the chief executive officer now owns 48,200 shares of the company's stock, valued at $3,979,874. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,171 shares of company stock worth $1,722,888. Insiders own 0.86% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on OLLI shares. Craig Hallum lifted their price target on Ollie's Bargain Outlet from $98.00 to $100.00 and gave the company a "buy" rating in a research note on Thursday, March 21st. Loop Capital upgraded Ollie's Bargain Outlet from a "hold" rating to a "buy" rating and lifted their price target for the company from $80.00 to $90.00 in a research note on Friday, April 5th. JPMorgan Chase & Co. cut their price target on Ollie's Bargain Outlet from $88.00 to $85.00 and set a "neutral" rating for the company in a research note on Thursday, March 21st. Royal Bank of Canada restated an "outperform" rating and issued a $86.00 price target on shares of Ollie's Bargain Outlet in a research note on Thursday, March 21st. Finally, The Goldman Sachs Group boosted their price objective on Ollie's Bargain Outlet from $91.00 to $104.00 and gave the stock a "buy" rating in a research note on Thursday, March 21st. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $84.92.

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.