Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Shares Sold by Mesirow Institutional Investment Management Inc.

Mesirow Institutional Investment Management Inc. lessened its stake in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 13.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 176,945 shares of the company's stock after selling 28,321 shares during the period. Ollie's Bargain Outlet comprises about 1.5% of Mesirow Institutional Investment Management Inc.'s portfolio, making the stock its 9th biggest position. Mesirow Institutional Investment Management Inc. owned 0.29% of Ollie's Bargain Outlet worth $19,416,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Barclays PLC increased its stake in shares of Ollie's Bargain Outlet by 59.2% during the 3rd quarter. Barclays PLC now owns 41,307 shares of the company's stock worth $4,014,000 after purchasing an additional 15,357 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of Ollie's Bargain Outlet in the 3rd quarter valued at about $969,000. JPMorgan Chase & Co. lifted its position in Ollie's Bargain Outlet by 79.6% during the third quarter. JPMorgan Chase & Co. now owns 189,301 shares of the company's stock valued at $18,400,000 after purchasing an additional 83,882 shares during the last quarter. GAMMA Investing LLC grew its position in Ollie's Bargain Outlet by 35.9% in the fourth quarter. GAMMA Investing LLC now owns 885 shares of the company's stock worth $97,000 after acquiring an additional 234 shares in the last quarter. Finally, Nordea Investment Management AB raised its holdings in shares of Ollie's Bargain Outlet by 3.1% during the 4th quarter. Nordea Investment Management AB now owns 78,400 shares of the company's stock valued at $8,669,000 after buying an additional 2,354 shares in the last quarter.

Analyst Ratings Changes

A number of brokerages have recently weighed in on OLLI. 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 research report on Thursday, March 20th. Jefferies Financial Group lowered Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $125.00 to $111.00 in a research note on Tuesday, February 4th. Royal Bank of Canada lifted their price objective on shares of Ollie's Bargain Outlet from $130.00 to $133.00 and gave the company an "outperform" rating in a research report on Friday, March 7th. Piper Sandler decreased their price objective 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. Finally, UBS Group increased 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. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $123.08.

Insider Activity

In related news, CFO Robert F. Helm sold 312 shares of the company's stock in a transaction on Monday, April 7th. The stock was sold at an average price of $107.17, for a total transaction 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. The trade was a 8.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Kevin Mclain sold 4,799 shares of the firm's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $115.56, for a total value of $554,572.44. Following the sale, the senior vice president now owns 12,336 shares of the company's stock, valued at $1,425,548.16. The trade was a 28.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 37,897 shares of company stock worth $4,227,970. Corporate insiders own 0.87% of the company's stock.

Ollie's Bargain Outlet Stock Performance

OLLI traded up $1.67 on Friday, reaching $107.11. 526,373 shares of the company's stock were exchanged, compared to its average volume of 1,143,320. The company's 50 day moving average is $107.02 and its 200-day moving average is $104.19. The company has a market cap of $6.56 billion, a price-to-earnings ratio of 31.77, a PEG ratio of 2.21 and a beta of 0.75. Ollie's Bargain Outlet Holdings, Inc. has a twelve month low of $70.17 and a twelve month high of $120.03.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last released its earnings results on Wednesday, March 19th. The company reported $1.19 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $674.61 million. During the same period in the previous year, the firm posted $1.23 EPS. Ollie's Bargain Outlet's revenue for the quarter was up 2.8% on a year-over-year basis. Sell-side analysts forecast that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current 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.