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

Hudson Bay Capital Management LP cut its holdings in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 68.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 33,366 shares of the company's stock after selling 73,206 shares during the quarter. Hudson Bay Capital Management LP owned 0.05% of Ollie's Bargain Outlet worth $3,661,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in OLLI. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Ollie's Bargain Outlet by 489.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 230 shares of the company's stock worth $25,000 after acquiring an additional 191 shares during the last quarter. Wilmington Savings Fund Society FSB boosted its stake in shares of Ollie's Bargain Outlet by 337.0% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 236 shares of the company's stock worth $26,000 after acquiring an additional 182 shares during the last quarter. Bogart Wealth LLC acquired a new stake in shares of Ollie's Bargain Outlet in the fourth quarter worth approximately $26,000. Blue Trust Inc. boosted its stake in shares of Ollie's Bargain Outlet by 55.2% in the fourth quarter. Blue Trust Inc. now owns 284 shares of the company's stock worth $31,000 after acquiring an additional 101 shares during the last quarter. Finally, Brown Brothers Harriman & Co. acquired a new stake in shares of Ollie's Bargain Outlet in the fourth quarter worth approximately $33,000.

Insider Transactions at Ollie's Bargain Outlet

In other news, CEO Der Valk Eric Van sold 1,153 shares of the business's stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $110.85, for a total transaction of $127,810.05. Following the completion of the transaction, the chief executive officer now directly owns 6,768 shares of the company's stock, valued at approximately $750,232.80. The trade was a 14.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Robert F. Helm sold 312 shares of the business's stock in a transaction dated Monday, April 7th. The stock was 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 of the company's stock, valued at approximately $350,767.41. This represents a 8.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 37,897 shares of company stock valued at $4,227,970. 0.75% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Piper Sandler lowered their price target 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 lowered Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $125.00 to $111.00 in a research note on Tuesday, February 4th. StockNews.com raised Ollie's Bargain Outlet from a "sell" rating to a "hold" rating in a research note on Tuesday. UBS Group boosted 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. Finally, Morgan Stanley lifted their target price 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. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $123.08.

Ollie's Bargain Outlet Stock Performance

Shares of Ollie's Bargain Outlet stock traded up $4.99 during trading hours on Friday, reaching $118.86. 1,610,832 shares of the company were exchanged, compared to its average volume of 1,156,273. The firm has a market cap of $7.30 billion, a PE ratio of 35.48, a PEG ratio of 2.21 and a beta of 0.45. Ollie's Bargain Outlet Holdings, Inc. has a 1 year low of $72.19 and a 1 year high of $120.03. The stock's fifty day moving average is $109.26 and its 200 day moving average is $105.87.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last posted its quarterly earnings results 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 net margin of 9.22% and a return on equity of 13.15%. The company had revenue of $667.10 million during the quarter, compared to analyst estimates of $674.61 million. During the same period in the prior year, the business earned $1.23 EPS. Ollie's Bargain Outlet's revenue for the quarter was up 2.8% on a year-over-year basis. Research analysts expect that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current 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.