T. Rowe Price Investment Management Inc. Has $47.65 Million Stock Holdings in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

T. Rowe Price Investment Management Inc. trimmed its stake in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 40.6% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 434,257 shares of the company's stock after selling 297,118 shares during the quarter. T. Rowe Price Investment Management Inc. owned approximately 0.71% of Ollie's Bargain Outlet worth $47,652,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. MGO One Seven LLC increased its holdings in shares of Ollie's Bargain Outlet by 50.1% during the fourth quarter. MGO One Seven LLC now owns 15,850 shares of the company's stock valued at $1,739,000 after purchasing an additional 5,287 shares during the period. Pinebridge Investments L.P. raised its position in shares of Ollie's Bargain Outlet by 42.7% during the 4th quarter. Pinebridge Investments L.P. now owns 16,111 shares of the company's stock worth $1,768,000 after buying an additional 4,820 shares in the last quarter. Massar Capital Management LP bought a new position in shares of Ollie's Bargain Outlet in the fourth quarter valued at approximately $1,291,000. IHT Wealth Management LLC increased its stake in shares of Ollie's Bargain Outlet by 3.1% during the fourth quarter. IHT Wealth Management LLC now owns 10,167 shares of the company's stock valued at $1,116,000 after acquiring an additional 304 shares during the period. Finally, Stifel Financial Corp raised its holdings in Ollie's Bargain Outlet by 225.9% during the fourth quarter. Stifel Financial Corp now owns 161,282 shares of the company's stock worth $17,697,000 after purchasing an additional 111,788 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 transaction of $232,732.50. Following the completion of the sale, the chief financial officer now owns 3,888 shares in the company, valued at approximately $421,848. This represents a 35.55 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Robert Fisch sold 6,250 shares of the business's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $108.08, for a total value of $675,500.00. Following the completion of the sale, the director now owns 22,159 shares of the company's stock, valued at approximately $2,394,944.72. This trade represents a 22.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 37,897 shares of company stock worth $4,227,970 in the last 90 days. 0.87% of the stock is owned by insiders.

Ollie's Bargain Outlet Stock Up 4.3 %

Shares of Ollie's Bargain Outlet stock traded up $4.54 on Friday, hitting $111.00. 322,965 shares of the company traded hands, compared to its average volume of 1,144,980. Ollie's Bargain Outlet Holdings, Inc. has a 12-month low of $72.19 and a 12-month high of $120.03. The company has a market cap of $6.80 billion, a PE ratio of 33.11, a PEG ratio of 2.21 and a beta of 0.45. The company has a 50-day moving average price of $107.46 and a 200 day moving average price of $104.59.

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on OLLI shares. StockNews.com lowered shares of Ollie's Bargain Outlet from a "hold" rating to a "sell" rating in a research report on Tuesday, February 4th. UBS Group raised 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. Royal Bank of Canada boosted their target price on Ollie's Bargain Outlet from $130.00 to $133.00 and gave the stock an "outperform" rating in a research report on Friday, March 7th. Piper Sandler decreased their price target on 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 boosted their price objective on Ollie's Bargain Outlet from $108.00 to $118.00 and gave the stock an "equal weight" rating in a report 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 given a buy rating to the company. Based on data from MarketBeat.com, Ollie's Bargain Outlet currently has a consensus rating of "Moderate Buy" and an average target price 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.