Grandeur Peak Global Advisors LLC Acquires 2,365 Shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Grandeur Peak Global Advisors LLC raised its position in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 3.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 77,689 shares of the company's stock after acquiring an additional 2,365 shares during the period. Grandeur Peak Global Advisors LLC owned approximately 0.13% of Ollie's Bargain Outlet worth $8,525,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in OLLI. Vanguard Group Inc. boosted its position in shares of Ollie's Bargain Outlet by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 5,821,957 shares of the company's stock worth $638,843,000 after buying an additional 70,496 shares during the period. Congress Asset Management Co. raised its stake in shares of Ollie's Bargain Outlet by 181.6% during the fourth quarter. Congress Asset Management Co. now owns 1,916,584 shares of the company's stock valued at $210,307,000 after purchasing an additional 1,235,994 shares during the period. State Street Corp lifted its position in shares of Ollie's Bargain Outlet by 2.1% during the third quarter. State Street Corp now owns 1,871,047 shares of the company's stock worth $181,866,000 after purchasing an additional 38,203 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Ollie's Bargain Outlet by 1.1% in the fourth quarter. Invesco Ltd. now owns 1,645,472 shares of the company's stock valued at $180,558,000 after purchasing an additional 17,302 shares during the period. Finally, Alliancebernstein L.P. grew its holdings in Ollie's Bargain Outlet by 12.9% during the 4th quarter. Alliancebernstein L.P. now owns 1,629,572 shares of the company's stock valued at $178,813,000 after purchasing an additional 186,313 shares in the last quarter.

Analyst Ratings Changes

OLLI has been the topic of a number of recent analyst reports. Citigroup upgraded shares of Ollie's Bargain Outlet from a "sell" rating to a "buy" rating and boosted their price objective for the stock from $64.00 to $133.00 in a report on Wednesday, December 18th. Jefferies Financial Group lowered Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and lowered their price objective for the company from $125.00 to $111.00 in a research note on Tuesday, February 4th. Royal Bank of Canada upped their target price on Ollie's Bargain Outlet from $130.00 to $133.00 and gave the company an "outperform" rating in a research report on Friday, March 7th. Piper Sandler decreased their price target on shares of Ollie's Bargain Outlet from $126.00 to $124.00 and set an "overweight" rating for the company in a research report on Thursday, March 20th. Finally, Morgan Stanley lifted their price target on Ollie's Bargain Outlet from $108.00 to $118.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $123.08.

Insider Buying and Selling

In related news, Director Robert Fisch sold 6,250 shares of the company's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $108.08, for a total transaction of $675,500.00. Following the transaction, the director now owns 22,159 shares in the company, valued at $2,394,944.72. This represents a 22.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Robert F. Helm sold 2,139 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $115.74, for a total transaction of $247,567.86. Following the sale, the chief financial officer now directly owns 2,961 shares in the company, valued at $342,706.14. This trade represents a 41.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 37,897 shares of company stock worth $4,227,970 in the last 90 days. 0.87% of the stock is owned by company insiders.

Ollie's Bargain Outlet Price Performance

NASDAQ:OLLI traded up $2.77 during mid-day trading on Thursday, reaching $112.74. The stock had a trading volume of 397,021 shares, compared to its average volume of 1,127,353. The stock has a market cap of $6.91 billion, a P/E ratio of 33.64, a PEG ratio of 2.21 and a beta of 0.75. The business's 50 day moving average is $106.54 and its 200 day moving average is $103.63. Ollie's Bargain Outlet Holdings, Inc. has a fifty-two week low of $70.17 and a fifty-two week high of $120.03.

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

Ollie's Bargain Outlet Profile

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.