Captrust Financial Advisors Purchases 4,878 Shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Captrust Financial Advisors raised its position in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 166.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,815 shares of the company's stock after buying an additional 4,878 shares during the period. Captrust Financial Advisors' holdings in Ollie's Bargain Outlet were worth $858,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Barclays PLC grew its stake in shares of Ollie's Bargain Outlet by 59.2% during the third 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 period. Wealth Enhancement Advisory Services LLC lifted its holdings in Ollie's Bargain Outlet by 76.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,984 shares of the company's stock valued at $766,000 after purchasing an additional 3,018 shares during the last quarter. Wedmont Private Capital bought a new position in Ollie's Bargain Outlet during the fourth quarter worth $212,000. Fifth Third Wealth Advisors LLC bought a new position in Ollie's Bargain Outlet during the fourth quarter worth $213,000. Finally, Assenagon Asset Management S.A. acquired a new position in shares of Ollie's Bargain Outlet in the fourth quarter valued at $11,807,000.

Insider Buying and Selling at Ollie's Bargain Outlet

In other Ollie's Bargain Outlet news, Director Robert Fisch sold 6,250 shares of the firm's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $108.08, for a total value of $675,500.00. Following the completion of the sale, the director now directly owns 22,159 shares in the company, valued at approximately $2,394,944.72. This trade represents a 22.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Robert F. Helm sold 2,145 shares of Ollie's Bargain Outlet stock in a transaction on Monday, March 24th. The shares were sold at an average price of $108.50, for a total transaction of $232,732.50. Following the completion of the sale, the chief financial officer now directly owns 3,888 shares of the company's stock, valued at approximately $421,848. This trade represents a 35.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 37,897 shares of company stock valued at $4,227,970. 0.75% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on OLLI. JPMorgan Chase & Co. upped their price target on shares of Ollie's Bargain Outlet from $135.00 to $137.00 and gave the company an "overweight" rating in a research note on Monday. Jefferies Financial Group cut Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and dropped their price target for the stock from $125.00 to $111.00 in a report on Tuesday, February 4th. UBS Group upped their price objective on Ollie's Bargain Outlet from $117.00 to $123.00 and gave the company a "neutral" rating in a report on Thursday, March 20th. KeyCorp lifted their target price on Ollie's Bargain Outlet from $125.00 to $135.00 and gave the stock an "overweight" rating in a report on Tuesday. Finally, Royal Bank of Canada upped their price target on shares of 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. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $124.07.

Ollie's Bargain Outlet Price Performance

Shares of Ollie's Bargain Outlet stock traded down $3.87 during trading on Tuesday, hitting $116.88. The company's stock had a trading volume of 1,676,469 shares, compared to its average volume of 1,160,437. The stock has a market cap of $7.18 billion, a price-to-earnings ratio of 34.89, a price-to-earnings-growth ratio of 2.21 and a beta of 0.45. Ollie's Bargain Outlet Holdings, Inc. has a 52 week low of $72.22 and a 52 week high of $124.43. The stock has a 50-day moving average price of $109.98 and a two-hundred day moving average price of $106.47.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last announced its earnings results on Wednesday, March 19th. The company reported $1.19 EPS for the quarter, missing the consensus estimate 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 the consensus estimate of $674.61 million. During the same quarter in the previous year, the company earned $1.23 earnings per share. The business's revenue was up 2.8% on a year-over-year basis. On average, equities analysts predict that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal 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.