Schonfeld Strategic Advisors LLC Purchases 2,668 Shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Schonfeld Strategic Advisors LLC raised its position in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 85.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,800 shares of the company's stock after purchasing an additional 2,668 shares during the period. Schonfeld Strategic Advisors LLC's holdings in Ollie's Bargain Outlet were worth $636,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in Ollie's Bargain Outlet by 173.8% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,644,774 shares of the company's stock worth $509,671,000 after acquiring an additional 2,948,393 shares during the period. Congress Asset Management Co. boosted its holdings in Ollie's Bargain Outlet by 181.6% in the fourth quarter. Congress Asset Management Co. now owns 1,916,584 shares of the company's stock worth $210,307,000 after purchasing an additional 1,235,994 shares during the period. Norges Bank acquired a new stake in Ollie's Bargain Outlet during the fourth quarter worth about $80,741,000. Stephens Investment Management Group LLC bought a new stake in shares of Ollie's Bargain Outlet in the 4th quarter worth approximately $78,356,000. Finally, Raymond James Financial Inc. bought a new position in shares of Ollie's Bargain Outlet during the fourth quarter worth about $48,633,000.

Insider Activity at Ollie's Bargain Outlet

In related news, CFO Robert F. Helm sold 312 shares of the stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $107.17, for a total transaction of $33,437.04. Following the completion of the transaction, the chief financial officer now directly owns 3,273 shares of the company's stock, valued at approximately $350,767.41. This represents a 8.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman John W. Swygert sold 6,526 shares of the firm's stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $107.87, for a total transaction of $703,959.62. Following the completion of the transaction, the chairman now directly owns 53,432 shares of the company's stock, valued at $5,763,709.84. This represents a 10.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 37,897 shares of company stock worth $4,227,970 in the last quarter. Corporate insiders own 0.75% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Jefferies Financial Group cut Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and decreased their price target for the stock from $125.00 to $111.00 in a research note on Tuesday, February 4th. Piper Sandler reduced their price objective on shares of Ollie's Bargain Outlet from $126.00 to $124.00 and set an "overweight" rating for the company in a research note on Thursday, March 20th. Royal Bank of Canada increased their price objective on Ollie's Bargain Outlet from $130.00 to $133.00 and gave the stock an "outperform" rating in a research note on Friday, March 7th. Morgan Stanley lifted their price objective on Ollie's Bargain Outlet from $108.00 to $118.00 and gave the company an "equal weight" rating in a research report on Thursday, March 20th. Finally, UBS Group increased their price target on shares of 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. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $123.08.

Ollie's Bargain Outlet Trading Up 7.3%

Shares of Ollie's Bargain Outlet stock traded up $7.74 during trading on Monday, reaching $113.91. The company's stock had a trading volume of 1,824,691 shares, compared to its average volume of 1,155,823. The stock has a 50-day moving average price of $108.57 and a two-hundred day moving average price of $105.59. Ollie's Bargain Outlet Holdings, Inc. has a one year low of $72.19 and a one year high of $120.03. The stock has a market capitalization of $6.99 billion, a P/E ratio of 34.00, a price-to-earnings-growth ratio of 2.21 and a beta of 0.45.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last announced its quarterly earnings data on Wednesday, March 19th. The company reported $1.19 earnings per share 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 business had revenue of $667.10 million during the quarter, compared to analyst estimates of $674.61 million. During the same quarter in the prior year, the company earned $1.23 earnings per share. The company's quarterly revenue was up 2.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

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.