Swiss National Bank Sells 14,200 Shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Swiss National Bank lowered its position in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 10.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 121,600 shares of the company's stock after selling 14,200 shares during the quarter. Swiss National Bank owned 0.20% of Ollie's Bargain Outlet worth $9,228,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Wellington Management Group LLP increased its holdings in shares of Ollie's Bargain Outlet by 141.5% in the 3rd quarter. Wellington Management Group LLP now owns 1,075,882 shares of the company's stock valued at $83,037,000 after purchasing an additional 630,298 shares during the period. Invesco Ltd. lifted its position in Ollie's Bargain Outlet by 76.1% in the 3rd quarter. Invesco Ltd. now owns 831,522 shares of the company's stock worth $64,177,000 after buying an additional 359,371 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Ollie's Bargain Outlet by 334.7% during the 3rd quarter. AQR Capital Management LLC now owns 305,060 shares of the company's stock valued at $23,444,000 after buying an additional 234,886 shares during the period. Jennison Associates LLC purchased a new position in shares of Ollie's Bargain Outlet during the 4th quarter valued at $10,498,000. Finally, Lisanti Capital Growth LLC increased its stake in shares of Ollie's Bargain Outlet by 296.5% in the third quarter. Lisanti Capital Growth LLC now owns 110,255 shares of the company's stock worth $8,509,000 after acquiring an additional 82,445 shares during the last quarter.

Insider Buying and Selling at Ollie's Bargain Outlet

In related news, Director Thomas Hendrickson sold 5,000 shares of the firm's stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $72.29, for a total value of $361,450.00. Following the completion of the transaction, the director now directly owns 5,659 shares of the company's stock, valued at $409,089.11. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO John W. Swygert sold 11,756 shares of the firm's stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $75.22, for a total transaction of $884,286.32. Following the completion of the transaction, the chief executive officer now owns 48,200 shares in the company, valued at approximately $3,625,604. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Thomas Hendrickson sold 5,000 shares of the business's stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $72.29, for a total value of $361,450.00. Following the completion of the sale, the director now directly owns 5,659 shares in the company, valued at approximately $409,089.11. The disclosure for this sale can be found here. Insiders sold a total of 27,341 shares of company stock valued at $2,097,938 in the last quarter. Corporate insiders own 0.87% of the company's stock.

Ollie's Bargain Outlet Stock Performance

Shares of OLLI traded down $1.23 during mid-day trading on Tuesday, hitting $73.27. The company's stock had a trading volume of 1,168,685 shares, compared to its average volume of 906,587. The stock's 50-day moving average is $74.82 and its two-hundred day moving average is $75.29. The firm has a market capitalization of $4.49 billion, a PE ratio of 25.09, a price-to-earnings-growth ratio of 2.36 and a beta of 0.76. Ollie's Bargain Outlet Holdings, Inc. has a one year low of $52.93 and a one year 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, topping the consensus estimate 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 company had revenue of $648.90 million for the quarter, compared to analyst estimates of $649.39 million. During the same period last year, the business posted $0.84 EPS. The business's quarterly revenue was up 18.0% on a year-over-year basis. Analysts expect that Ollie's Bargain Outlet Holdings, Inc. will post 3.19 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on OLLI shares. Craig Hallum upped 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. Truist Financial raised shares of Ollie's Bargain Outlet from a "hold" rating to a "buy" rating and raised their price objective for the company from $80.00 to $86.00 in a research report on Friday, May 3rd. Bank of America began coverage on shares of Ollie's Bargain Outlet in a research report on Monday, May 6th. They issued a "buy" rating and a $92.00 target price for the company. Royal Bank of Canada restated an "outperform" rating and set a $86.00 price target on shares of Ollie's Bargain Outlet in a report on Thursday, March 21st. Finally, The Goldman Sachs Group upped their price objective on shares of Ollie's Bargain Outlet from $91.00 to $104.00 and gave the stock a "buy" rating in a report on Thursday, March 21st. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Ollie's Bargain Outlet has a consensus rating of "Moderate Buy" and a consensus target price of $87.08.

About Ollie's Bargain Outlet

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.