Next Century Growth Investors LLC Has $17.79 Million Stake in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Next Century Growth Investors LLC lifted its stake in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 27.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 162,136 shares of the company's stock after purchasing an additional 35,075 shares during the period. Ollie's Bargain Outlet comprises about 1.3% of Next Century Growth Investors LLC's investment portfolio, making the stock its 23rd biggest holding. Next Century Growth Investors LLC owned about 0.26% of Ollie's Bargain Outlet worth $17,791,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in OLLI. Corient Private Wealth LLC lifted its holdings in shares of Ollie's Bargain Outlet by 86.2% in the 4th quarter. Corient Private Wealth LLC now owns 8,438 shares of the company's stock worth $926,000 after purchasing an additional 3,906 shares during the last quarter. Oak Thistle LLC acquired a new stake in shares of Ollie's Bargain Outlet in the fourth quarter valued at approximately $1,345,000. JPMorgan Chase & Co. boosted its position in shares of Ollie's Bargain Outlet by 130.5% during the fourth quarter. JPMorgan Chase & Co. now owns 436,366 shares of the company's stock worth $47,882,000 after buying an additional 247,065 shares during the period. Van ECK Associates Corp grew its stake in shares of Ollie's Bargain Outlet by 36.5% in the fourth quarter. Van ECK Associates Corp now owns 46,659 shares of the company's stock worth $5,120,000 after purchasing an additional 12,476 shares in the last quarter. Finally, Invesco Ltd. raised its position in shares of Ollie's Bargain Outlet by 1.1% during the 4th quarter. Invesco Ltd. now owns 1,645,472 shares of the company's stock worth $180,558,000 after buying an additional 17,302 shares in the last quarter.

Insider Transactions at Ollie's Bargain Outlet

In other news, CFO Robert F. Helm sold 2,145 shares of the company's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $108.50, for a total value of $232,732.50. Following the completion of the sale, the chief financial officer now directly owns 3,888 shares of the company's stock, valued at $421,848. This represents a 35.55 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Robert Fisch sold 6,250 shares of the company's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $108.08, for a total transaction of $675,500.00. Following the completion of the sale, the director now directly owns 22,159 shares of the company's stock, valued at $2,394,944.72. The trade was a 22.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 37,897 shares of company stock worth $4,227,970. Insiders own 0.87% of the company's stock.

Ollie's Bargain Outlet Stock Performance

Shares of NASDAQ:OLLI traded up $2.76 during midday trading on Thursday, hitting $112.73. The company's stock had a trading volume of 397,021 shares, compared to its average volume of 1,127,353. Ollie's Bargain Outlet Holdings, Inc. has a fifty-two week low of $70.17 and a fifty-two week high of $120.03. The stock has a market capitalization of $6.90 billion, a price-to-earnings ratio of 33.64, a PEG ratio of 2.21 and a beta of 0.75. The stock's 50 day simple moving average is $106.54 and its 200 day simple moving average is $103.63.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last released its quarterly earnings data on Wednesday, March 19th. The company reported $1.19 earnings per share for the quarter, missing analysts' consensus estimates of $1.20 by ($0.01). The company had revenue of $667.10 million for the quarter, compared to analyst estimates of $674.61 million. Ollie's Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. The firm's revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.23 earnings per share. As a group, analysts anticipate that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

Wall Street Analyst Weigh In

OLLI has been the topic of a number of research reports. UBS Group boosted their price objective on Ollie's Bargain Outlet from $117.00 to $123.00 and gave the stock a "neutral" rating in a research note on Thursday, March 20th. Jefferies Financial Group cut shares of Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and dropped their price target for the stock from $125.00 to $111.00 in a research report on Tuesday, February 4th. Citigroup upgraded shares of Ollie's Bargain Outlet from a "sell" rating to a "buy" rating and raised their price objective for the company from $64.00 to $133.00 in a research report on Wednesday, December 18th. Piper Sandler reduced their target price on shares of Ollie's Bargain Outlet from $126.00 to $124.00 and set an "overweight" rating for the company in a report on Thursday, March 20th. Finally, Morgan Stanley upped their price objective on shares of Ollie's Bargain Outlet from $108.00 to $118.00 and gave the company an "equal weight" rating in a research note on Thursday, March 20th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, Ollie's Bargain Outlet has an average rating of "Moderate Buy" and an average price target of $123.08.

About Ollie's Bargain Outlet

Ollie's Bargain Outlet Holdings, Inc is a holding company, which engages in the retail of closeouts, excess inventory, and salvage merchandise. It offers overstocks, package changes, manufacturer refurbished goods, and irregulars. The company's products include housewares, food, books and stationery, bed and bath, floor coverings, electronics and toys.