Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Shares Sold by Summit Creek Advisors LLC

Summit Creek Advisors LLC lessened its stake in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 14.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 265,582 shares of the company's stock after selling 46,257 shares during the period. Ollie's Bargain Outlet comprises about 2.7% of Summit Creek Advisors LLC's holdings, making the stock its 9th biggest position. Summit Creek Advisors LLC owned about 0.43% of Ollie's Bargain Outlet worth $20,155,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Ollie's Bargain Outlet by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 5,495,026 shares of the company's stock valued at $424,106,000 after acquiring an additional 54,941 shares during the period. Wellington Management Group LLP lifted its stake in shares of Ollie's Bargain Outlet by 141.5% during the 3rd quarter. Wellington Management Group LLP now owns 1,075,882 shares of the company's stock valued at $83,037,000 after buying an additional 630,298 shares in the last quarter. Geneva Capital Management LLC grew its stake in Ollie's Bargain Outlet by 0.4% in the 4th quarter. Geneva Capital Management LLC now owns 1,037,404 shares of the company's stock valued at $78,729,000 after buying an additional 4,523 shares in the last quarter. Invesco Ltd. raised its holdings in Ollie's Bargain Outlet by 76.1% during the 3rd quarter. Invesco Ltd. now owns 831,522 shares of the company's stock valued at $64,177,000 after acquiring an additional 359,371 shares during the period. Finally, Fred Alger Management LLC boosted its holdings in shares of Ollie's Bargain Outlet by 5.5% in the third quarter. Fred Alger Management LLC now owns 764,027 shares of the company's stock worth $58,968,000 after acquiring an additional 39,693 shares during the period.

Analysts Set New Price Targets

A number of analysts recently issued reports on OLLI shares. Truist Financial raised Ollie's Bargain Outlet from a "hold" rating to a "buy" rating and increased their price objective for the stock from $80.00 to $86.00 in a report on Friday, May 3rd. Bank of America initiated coverage on shares of Ollie's Bargain Outlet in a report on Monday, May 6th. They issued a "buy" rating and a $92.00 price target on the stock. Craig Hallum boosted their price objective on shares of 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 raised shares of Ollie's Bargain Outlet from a "hold" rating to a "buy" rating and upped their target price for the stock from $80.00 to $90.00 in a report on Friday, April 5th. Finally, The Goldman Sachs Group raised 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 report on Thursday, March 21st. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $87.08.

Insider Transactions at Ollie's Bargain Outlet

In other news, VP Larry Kraus sold 2,928 shares of the stock in a transaction that occurred 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 owns 1,905 shares of the company's stock, valued at $150,495. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Ollie's Bargain Outlet news, CEO John W. Swygert sold 5,000 shares of the 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 owns 48,200 shares in the company, valued at approximately $3,979,874. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Larry Kraus sold 2,928 shares of the business's stock in a transaction that occurred on Tuesday, March 26th. The shares were 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,341 shares of company stock worth $2,097,938. Company insiders own 0.87% of the company's stock.

Ollie's Bargain Outlet Stock Performance

NASDAQ:OLLI traded down $3.34 during mid-day trading on Monday, reaching $74.50. The stock had a trading volume of 1,103,434 shares, compared to its average volume of 903,738. Ollie's Bargain Outlet Holdings, Inc. has a one year low of $52.93 and a one year high of $84.38. The firm has a 50 day moving average price of $74.88 and a two-hundred day moving average price of $75.30. The stock has a market capitalization of $4.57 billion, a P/E ratio of 25.51, a P/E/G ratio of 2.36 and a beta of 0.76.

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

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.