Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Shares Acquired by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. lifted its position in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 47.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 222,139 shares of the company's stock after acquiring an additional 71,536 shares during the period. Rockefeller Capital Management L.P. owned 0.36% of Ollie's Bargain Outlet worth $24,371,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in OLLI. Congress Asset Management Co. boosted its position in shares of Ollie's Bargain Outlet by 181.6% during the 4th quarter. Congress Asset Management Co. now owns 1,916,584 shares of the company's stock valued at $210,307,000 after acquiring an additional 1,235,994 shares during the last quarter. Norges Bank acquired a new stake in shares of Ollie's Bargain Outlet during the 4th quarter worth approximately $80,741,000. Stephens Investment Management Group LLC acquired a new position in Ollie's Bargain Outlet in the fourth quarter valued at approximately $78,356,000. Raymond James Financial Inc. purchased a new position in Ollie's Bargain Outlet in the fourth quarter worth approximately $48,633,000. Finally, Envestnet Asset Management Inc. increased its stake in Ollie's Bargain Outlet by 103.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 487,774 shares of the company's stock worth $53,523,000 after acquiring an additional 247,852 shares during the last quarter.

Insider Buying and Selling at Ollie's Bargain Outlet

In other Ollie's Bargain Outlet news, CFO Robert F. Helm sold 312 shares of the company's stock in a transaction that occurred 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 completion of the sale, the chief financial officer now directly owns 3,273 shares of the company's stock, valued at $350,767.41. This represents a 8.70 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Kevin Mclain sold 4,799 shares of Ollie's Bargain Outlet stock in a transaction 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 transaction, the senior vice president now owns 12,336 shares in the company, valued at approximately $1,425,548.16. This trade represents a 28.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 37,897 shares of company stock worth $4,227,970. 0.87% of the stock is owned by insiders.

Analysts Set New Price Targets

OLLI has been the subject of a number of recent analyst reports. Jefferies Financial Group cut shares of Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and dropped their price target for the company from $125.00 to $111.00 in a research report on Tuesday, February 4th. StockNews.com cut Ollie's Bargain Outlet from a "hold" rating to a "sell" rating in a research note on Tuesday, February 4th. Loop Capital raised their price target on Ollie's Bargain Outlet from $120.00 to $130.00 and gave the stock a "buy" rating in a research report on Monday, December 23rd. Morgan Stanley boosted their price objective on Ollie's Bargain Outlet from $108.00 to $118.00 and gave the company an "equal weight" rating in a report on Thursday, March 20th. Finally, Piper Sandler lowered their target price on 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 investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat, Ollie's Bargain Outlet presently has an average rating of "Moderate Buy" and an average price target of $123.08.

Ollie's Bargain Outlet Price Performance

Shares of OLLI traded up $1.98 during mid-day trading on Friday, reaching $111.95. The company's stock had a trading volume of 1,118,807 shares, compared to its average volume of 1,132,831. The company's 50 day moving average is $106.89 and its 200 day moving average is $103.85. The stock has a market cap of $6.86 billion, a PE ratio of 33.42, a price-to-earnings-growth ratio of 2.21 and a beta of 0.75. Ollie's Bargain Outlet Holdings, Inc. has a 12-month low of $70.17 and a 12-month high of $120.03.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last posted its earnings results on Wednesday, March 19th. The company reported $1.19 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 analysts' expectations of $674.61 million. During the same period last year, the business earned $1.23 earnings per share. The company's quarterly revenue was up 2.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

Ollie's Bargain Outlet 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.