Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Shares Purchased by Stifel Financial Corp

Stifel Financial Corp increased its holdings in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 225.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 161,282 shares of the company's stock after purchasing an additional 111,788 shares during the period. Stifel Financial Corp owned approximately 0.26% of Ollie's Bargain Outlet worth $17,697,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Corient Private Wealth LLC boosted its stake in shares of Ollie's Bargain Outlet by 86.2% in the 4th quarter. Corient Private Wealth LLC now owns 8,438 shares of the company's stock valued at $926,000 after purchasing an additional 3,906 shares in the last quarter. Next Century Growth Investors LLC boosted its position in Ollie's Bargain Outlet by 27.6% during the 4th quarter. Next Century Growth Investors LLC now owns 162,136 shares of the company's stock valued at $17,791,000 after buying an additional 35,075 shares during the period. Oak Thistle LLC purchased a new stake in Ollie's Bargain Outlet during the 4th quarter valued at $1,345,000. JPMorgan Chase & Co. boosted its position in Ollie's Bargain Outlet by 130.5% during the 4th quarter. JPMorgan Chase & Co. now owns 436,366 shares of the company's stock valued at $47,882,000 after buying an additional 247,065 shares during the period. Finally, Van ECK Associates Corp boosted its position in Ollie's Bargain Outlet by 36.5% during the 4th quarter. Van ECK Associates Corp now owns 46,659 shares of the company's stock valued at $5,120,000 after buying an additional 12,476 shares during the period.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. StockNews.com lowered shares of Ollie's Bargain Outlet from a "hold" rating to a "sell" rating in a report on Tuesday, February 4th. Piper Sandler decreased their price target on shares of Ollie's Bargain Outlet from $126.00 to $124.00 and set an "overweight" rating for the company in a research note on Thursday, March 20th. UBS Group increased 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. Jefferies Financial Group lowered shares of Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and reduced their price objective for the company from $125.00 to $111.00 in a research note on Tuesday, February 4th. Finally, Royal Bank of Canada raised 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 note on Friday, March 7th. One 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. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $123.08.

Insider Activity at Ollie's Bargain Outlet

In other Ollie's Bargain Outlet news, SVP Kevin Mclain sold 4,799 shares of the firm's stock in a transaction on Tuesday, April 1st. The stock was 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 of the company's stock, valued at $1,425,548.16. This trade represents a 28.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Robert F. Helm sold 2,145 shares of the business's stock in a transaction that occurred 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 in the company, valued at $421,848. This trade represents a 35.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 37,897 shares of company stock valued at $4,227,970. 0.87% of the stock is owned by corporate insiders.

Ollie's Bargain Outlet Trading Down 0.6 %

Shares of OLLI stock traded down $0.64 during trading hours on Thursday, reaching $105.47. 500,526 shares of the company's stock were exchanged, compared to its average volume of 1,178,410. Ollie's Bargain Outlet Holdings, Inc. has a 1 year low of $72.19 and a 1 year high of $120.03. The stock has a market cap of $6.46 billion, a PE ratio of 31.48, a PEG ratio of 2.21 and a beta of 0.75. The stock's fifty day moving average price is $107.25 and its two-hundred day moving average price is $104.51.

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). 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 for the quarter, compared to analysts' expectations of $674.61 million. During the same period last year, the firm earned $1.23 earnings per share. Ollie's Bargain Outlet's quarterly revenue was up 2.8% compared to the same quarter last year. On average, equities analysts expect 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.