Kornitzer Capital Management Inc. KS Sells 11,620 Shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Kornitzer Capital Management Inc. KS decreased its position in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 8.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 129,590 shares of the company's stock after selling 11,620 shares during the period. Kornitzer Capital Management Inc. KS owned approximately 0.21% of Ollie's Bargain Outlet worth $9,835,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of OLLI. Calamos Advisors LLC lifted its stake in Ollie's Bargain Outlet by 5.3% during the fourth quarter. Calamos Advisors LLC now owns 29,314 shares of the company's stock valued at $2,225,000 after purchasing an additional 1,488 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Ollie's Bargain Outlet by 11.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,214 shares of the company's stock valued at $851,000 after purchasing an additional 1,159 shares during the last quarter. Strs Ohio lifted its stake in Ollie's Bargain Outlet by 25.7% during the fourth quarter. Strs Ohio now owns 17,955 shares of the company's stock valued at $1,362,000 after purchasing an additional 3,675 shares during the last quarter. Louisiana State Employees Retirement System acquired a new stake in Ollie's Bargain Outlet during the fourth quarter valued at approximately $1,313,000. Finally, Shaker Investments LLC OH lifted its stake in Ollie's Bargain Outlet by 10.0% during the fourth quarter. Shaker Investments LLC OH now owns 32,089 shares of the company's stock valued at $2,435,000 after purchasing an additional 2,924 shares during the last quarter.

Insider Transactions at Ollie's Bargain Outlet

In other news, CEO John W. Swygert sold 5,000 shares of Ollie's Bargain Outlet stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $82.57, for a total transaction of $412,850.00. Following the completion of the sale, the chief executive officer now owns 48,200 shares in the company, valued at approximately $3,979,874. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CFO Robert F. Helm sold 2,317 shares of the stock in a transaction on Monday, March 25th. The shares were sold at an average price of $78.14, for a total transaction of $181,050.38. Following the completion of the transaction, the chief financial officer now owns 1,777 shares in the company, valued at $138,854.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO John W. Swygert sold 5,000 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $82.57, for a total transaction of $412,850.00. Following the transaction, the chief executive officer now owns 48,200 shares of the company's stock, valued at approximately $3,979,874. The disclosure for this sale can be found here. Insiders sold a total of 22,171 shares of company stock worth $1,722,888 in the last quarter. 0.86% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. The Goldman Sachs Group upped their price target on shares of Ollie's Bargain Outlet from $91.00 to $104.00 and gave the company a "buy" rating in a research report 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 report on Thursday, March 21st. Loop Capital upgraded shares of Ollie's Bargain Outlet from a "hold" rating to a "buy" rating and upped their price target for the company from $80.00 to $90.00 in a research report on Friday, April 5th. JPMorgan Chase & Co. dropped their price objective on shares of Ollie's Bargain Outlet from $88.00 to $85.00 and set a "neutral" rating on the stock in a research note on Thursday, March 21st. Finally, Truist Financial upped their price objective on shares of Ollie's Bargain Outlet from $78.00 to $80.00 and gave the company a "hold" rating in a research note on Thursday, March 21st. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $84.92.

Ollie's Bargain Outlet Stock Up 1.3 %

Ollie's Bargain Outlet stock traded up $0.92 during mid-day trading on Friday, reaching $73.21. The company had a trading volume of 711,395 shares, compared to its average volume of 1,040,161. Ollie's Bargain Outlet Holdings, Inc. has a 52 week low of $52.93 and a 52 week high of $84.38. The company has a 50 day moving average of $76.07 and a 200-day moving average of $75.09. The firm has a market cap of $4.49 billion, a price-to-earnings ratio of 25.07 and a beta of 0.76.

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

Ollie's Bargain Outlet Company 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.