Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Shares Bought by Lord Abbett & CO. LLC

Lord Abbett & CO. LLC boosted its holdings in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 26.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 311,238 shares of the company's stock after purchasing an additional 65,644 shares during the period. Lord Abbett & CO. LLC owned about 0.51% of Ollie's Bargain Outlet worth $34,152,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in OLLI. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Ollie's Bargain Outlet by 489.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 230 shares of the company's stock worth $25,000 after buying an additional 191 shares in the last quarter. Wilmington Savings Fund Society FSB boosted its stake in shares of Ollie's Bargain Outlet by 337.0% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 236 shares of the company's stock worth $26,000 after acquiring an additional 182 shares in the last quarter. Bogart Wealth LLC acquired a new stake in shares of Ollie's Bargain Outlet during the 4th quarter valued at about $26,000. Blue Trust Inc. increased its stake in shares of Ollie's Bargain Outlet by 55.2% in the 4th quarter. Blue Trust Inc. now owns 284 shares of the company's stock valued at $31,000 after purchasing an additional 101 shares in the last quarter. Finally, Brown Brothers Harriman & Co. purchased a new position in Ollie's Bargain Outlet during the fourth quarter worth approximately $33,000.

Ollie's Bargain Outlet Trading Up 0.5 %

Ollie's Bargain Outlet stock traded up $0.55 during mid-day trading on Thursday, hitting $106.66. The company's stock had a trading volume of 603,603 shares, compared to its average volume of 1,144,534. The firm has a market capitalization of $6.53 billion, a PE ratio of 31.83, a price-to-earnings-growth ratio of 2.21 and a beta of 0.75. Ollie's Bargain Outlet Holdings, Inc. has a 1 year low of $70.17 and a 1 year high of $120.03. The stock's fifty day moving average is $107.25 and its two-hundred day moving average is $104.51.

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 for the quarter, missing analysts' consensus estimates 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 company 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 business earned $1.23 earnings per share. Ollie's Bargain Outlet's revenue was up 2.8% on a year-over-year basis. On average, equities analysts expect that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

Insider Buying and Selling at Ollie's Bargain Outlet

In related news, Director Robert Fisch sold 6,250 shares of the stock in a transaction dated Monday, March 24th. The stock was 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 of the company's stock, valued at approximately $2,394,944.72. This represents a 22.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Robert F. Helm sold 312 shares of the firm's stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $107.17, for a total value of $33,437.04. Following the transaction, the chief financial officer now owns 3,273 shares of the company's stock, valued at $350,767.41. This trade represents a 8.70 % 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 valued at $4,227,970 over the last quarter. 0.87% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Piper Sandler reduced their target price on 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. UBS Group upped their price objective on shares of Ollie's Bargain Outlet from $117.00 to $123.00 and gave the stock a "neutral" rating in a research report on Thursday, March 20th. Jefferies Financial Group lowered shares of Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and dropped their target price for the company from $125.00 to $111.00 in a research report on Tuesday, February 4th. Royal Bank of Canada upped their price target on shares of 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. Finally, Morgan Stanley lifted 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 investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Ollie's Bargain Outlet currently has an average rating of "Moderate Buy" and a consensus price target of $123.08.

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.