Centiva Capital LP Sells 5,541 Shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Centiva Capital LP lowered its position in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 43.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund 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 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Corient Private Wealth LLC increased its position in Ollie's Bargain Outlet by 86.2% during the 4th quarter. Corient Private Wealth LLC now owns 8,438 shares of the company's stock worth $926,000 after buying an additional 3,906 shares during the period. Next Century Growth Investors LLC grew its holdings in shares of Ollie's Bargain Outlet by 27.6% during the 4th quarter. Next Century Growth Investors LLC now owns 162,136 shares of the company's stock worth $17,791,000 after purchasing an additional 35,075 shares in the last quarter. Caxton Associates LP acquired a new stake in shares of Ollie's Bargain Outlet during the 4th quarter worth $438,000. Schonfeld Strategic Advisors LLC grew its holdings in shares of Ollie's Bargain Outlet by 85.2% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 5,800 shares of the company's stock worth $636,000 after purchasing an additional 2,668 shares in the last quarter. Finally, Oak Thistle LLC acquired a new stake in shares of Ollie's Bargain Outlet during the 4th quarter worth $1,345,000.

Ollie's Bargain Outlet Stock Down 0.3%

Ollie's Bargain Outlet stock traded down $0.36 during trading hours on Wednesday, hitting $113.58. The stock had a trading volume of 351,925 shares, compared to its average volume of 1,165,673. The stock has a market cap of $6.97 billion, a price-to-earnings ratio of 33.90, a P/E/G ratio of 2.21 and a beta of 0.45. Ollie's Bargain Outlet Holdings, Inc. has a one year low of $72.19 and a one year high of $120.03. The business's 50 day simple moving average is $108.75 and its 200-day simple moving average is $105.65.

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 (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 quarter last year, the business earned $1.23 earnings per share. Ollie's Bargain Outlet's revenue was up 2.8% compared to the same quarter last year. Research analysts anticipate that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

Insider Activity 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 completion of the sale, the director now directly 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 legal filing with the SEC, which is available through this link. Also, Chairman John W. Swygert sold 6,526 shares of the company's stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $107.87, for a total value 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. The trade was a 10.88% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 37,897 shares of company stock worth $4,227,970. 0.75% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

OLLI has been the topic of several analyst reports. Piper Sandler reduced their target price on Ollie's Bargain Outlet from $126.00 to $124.00 and set an "overweight" rating on the stock in a report on Thursday, March 20th. StockNews.com raised Ollie's Bargain Outlet from a "sell" rating to a "hold" rating in a research note on Tuesday. Royal Bank of Canada raised their price objective on Ollie's Bargain Outlet from $130.00 to $133.00 and gave the company an "outperform" rating in a research note on Friday, March 7th. Morgan Stanley raised 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 note on Thursday, March 20th. Finally, UBS Group raised their price objective on Ollie's Bargain Outlet from $117.00 to $123.00 and gave the company a "neutral" rating in a research note on Thursday, March 20th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average 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.