Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Shares Sold by Centiva Capital LP

Centiva Capital LP cut its stake in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 43.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,107 shares of the company's stock after selling 5,541 shares during the quarter. Centiva Capital LP's holdings in Ollie's Bargain Outlet were worth $780,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. increased its stake in Ollie's Bargain Outlet by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 5,821,957 shares of the company's stock worth $638,843,000 after acquiring an additional 70,496 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its stake 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 last quarter. Congress Asset Management Co. increased its stake in Ollie's Bargain Outlet by 181.6% in the 4th quarter. Congress Asset Management Co. now owns 1,916,584 shares of the company's stock worth $210,307,000 after acquiring an additional 1,235,994 shares during the last quarter. Invesco Ltd. increased its stake in Ollie's Bargain Outlet by 1.1% in the 4th quarter. Invesco Ltd. now owns 1,645,472 shares of the company's stock worth $180,558,000 after acquiring an additional 17,302 shares during the last quarter. Finally, Alliancebernstein L.P. increased its stake in Ollie's Bargain Outlet by 12.9% in the 4th quarter. Alliancebernstein L.P. now owns 1,629,572 shares of the company's stock worth $178,813,000 after acquiring an additional 186,313 shares during the last quarter.

Insider Buying and Selling

In related news, Chairman John W. Swygert sold 6,526 shares of the company's stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $107.87, for a total transaction of $703,959.62. Following 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 position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Robert F. Helm sold 312 shares of the company'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 directly owns 3,273 shares in the company, valued at $350,767.41. This represents a 8.70% 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 three months. 0.87% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on OLLI. Piper Sandler reduced their price objective on Ollie's Bargain Outlet from $126.00 to $124.00 and set an "overweight" rating on the stock in a research note on Thursday, March 20th. Jefferies Financial Group cut Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and dropped their target price for the stock from $125.00 to $111.00 in a report on Tuesday, February 4th. StockNews.com cut Ollie's Bargain Outlet from a "hold" rating to a "sell" rating in a report on Tuesday, February 4th. Morgan Stanley lifted their target price 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. Finally, UBS Group lifted their target price on Ollie's Bargain Outlet from $117.00 to $123.00 and gave the stock a "neutral" rating in a report on Thursday, March 20th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, Ollie's Bargain Outlet presently has an average rating of "Moderate Buy" and an average price target of $123.08.

Ollie's Bargain Outlet Stock Down 2.5%

OLLI traded down $2.77 during trading hours on Friday, reaching $106.17. 812,714 shares of the company's stock traded hands, compared to its average volume of 1,153,137. Ollie's Bargain Outlet Holdings, Inc. has a 52-week low of $72.19 and a 52-week high of $120.03. The firm has a market capitalization of $6.52 billion, a PE ratio of 31.69, a PEG ratio of 2.21 and a beta of 0.45. The firm has a 50-day moving average price of $108.40 and a 200 day moving average price of $105.43.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last issued 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 analysts' expectations of $674.61 million. Ollie's Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The company's revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.23 earnings per share. Equities analysts predict that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

Ollie's Bargain Outlet Company 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.