Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Shares Sold by Marshall Wace LLP

Marshall Wace LLP decreased its holdings in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 94.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,903 shares of the company's stock after selling 29,921 shares during the period. Marshall Wace LLP's holdings in Ollie's Bargain Outlet were worth $209,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. EAM Global Investors LLC acquired a new position in shares of Ollie's Bargain Outlet during the 4th quarter valued at about $4,339,000. EAM Investors LLC acquired a new position in Ollie's Bargain Outlet in the 4th quarter valued at about $4,968,000. Jump Financial LLC acquired a new stake in shares of Ollie's Bargain Outlet during the 4th quarter worth approximately $5,916,000. Mariner LLC raised its position in shares of Ollie's Bargain Outlet by 15.6% during the 4th quarter. Mariner LLC now owns 14,950 shares of the company's stock valued at $1,640,000 after buying an additional 2,022 shares during the period. Finally, Barclays PLC lifted its holdings in Ollie's Bargain Outlet by 75.9% in the fourth quarter. Barclays PLC now owns 72,671 shares of the company's stock valued at $7,976,000 after acquiring an additional 31,364 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on OLLI shares. 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. StockNews.com lowered shares of Ollie's Bargain Outlet from a "hold" rating to a "sell" rating in a report on Tuesday, February 4th. Royal Bank of Canada increased their target price on shares of 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. 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 report on Thursday, March 20th. Finally, Piper Sandler dropped their target price on shares of Ollie's Bargain Outlet from $126.00 to $124.00 and set an "overweight" rating for the company in a report on Thursday, March 20th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company's stock. 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 Price Performance

Shares of OLLI stock traded down $2.77 during trading hours on Friday, reaching $106.17. 812,714 shares of the stock were exchanged, compared to its average volume of 1,148,917. Ollie's Bargain Outlet Holdings, Inc. has a 12-month low of $72.19 and a 12-month high of $120.03. The business's fifty day moving average is $108.35 and its two-hundred day moving average is $105.13. The firm has a market capitalization of $6.52 billion, a P/E ratio of 31.69, a P/E/G 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 analysts' consensus estimates of $1.20 by ($0.01). The firm had revenue of $667.10 million during the quarter, compared to analyst estimates of $674.61 million. Ollie's Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. Ollie's Bargain Outlet's revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.23 earnings per share. As a group, equities research analysts predict that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal year.

Insider Activity

In other news, SVP Kevin Mclain sold 4,799 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $115.56, for a total transaction of $554,572.44. Following the completion of the sale, the senior vice president now owns 12,336 shares in the company, valued at approximately $1,425,548.16. The trade was a 28.01 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Robert F. Helm sold 312 shares of the company's stock in a transaction on Monday, April 7th. The shares were 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 owns 3,273 shares of the company's stock, valued at approximately $350,767.41. The trade was a 8.70 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 37,897 shares of company stock worth $4,227,970. 0.87% of the stock is currently owned by insiders.

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.