Aquatic Capital Management LLC Acquires 29,995 Shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Aquatic Capital Management LLC raised its stake in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 508.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 35,895 shares of the company's stock after buying an additional 29,995 shares during the period. Aquatic Capital Management LLC owned approximately 0.06% of Ollie's Bargain Outlet worth $3,939,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of OLLI. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Ollie's Bargain Outlet by 489.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 230 shares of the company's stock worth $25,000 after purchasing an additional 191 shares during the last quarter. Wilmington Savings Fund Society FSB lifted its holdings 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 valued at $26,000 after purchasing an additional 182 shares in the last quarter. Bogart Wealth LLC purchased a new stake in shares of Ollie's Bargain Outlet in the fourth quarter valued at $26,000. Blue Trust Inc. lifted its holdings 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 valued at $31,000 after purchasing an additional 101 shares in the last quarter. Finally, Brown Brothers Harriman & Co. purchased a new stake in shares of Ollie's Bargain Outlet in the fourth quarter valued at $33,000.

Ollie's Bargain Outlet Stock Performance

Shares of NASDAQ:OLLI traded up $0.35 during midday trading on Thursday, hitting $106.46. The company's stock had a trading volume of 1,263,893 shares, compared to its average volume of 1,148,166. The stock has a market capitalization of $6.52 billion, a price-to-earnings ratio of 31.78, a PEG ratio of 2.21 and a beta of 0.75. The stock's 50 day simple moving average is $107.25 and its 200 day simple moving average is $104.51. Ollie's Bargain Outlet Holdings, Inc. has a fifty-two week low of $72.19 and a fifty-two week high of $120.03.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last issued its quarterly earnings results on Wednesday, March 19th. The company reported $1.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.01). The business 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%. The company's revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.23 earnings per share. As a group, analysts anticipate that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

Insider Activity

In related news, SVP James J. Comitale sold 5,485 shares of the stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $113.53, for a total value of $622,712.05. Following the completion of the sale, the senior vice president now owns 4,621 shares in the company, valued at approximately $524,622.13. This trade represents a 54.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Der Valk Eric Van sold 1,153 shares of the stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $110.85, for a total transaction of $127,810.05. Following the completion of the sale, the chief executive officer now owns 6,768 shares of the company's stock, valued at approximately $750,232.80. The trade was a 14.56 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 37,897 shares of company stock valued at $4,227,970. 0.87% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on OLLI. Jefferies Financial Group lowered Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and reduced their target price for the company from $125.00 to $111.00 in a report on Tuesday, February 4th. StockNews.com downgraded shares of Ollie's Bargain Outlet from a "hold" rating to a "sell" rating in a research note on Tuesday, February 4th. Piper Sandler dropped their price target on shares of 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. UBS Group upped their price target on shares of 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 upped their price target on shares of Ollie's Bargain Outlet from $108.00 to $118.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 20th. One 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 MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $123.08.

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.