Tower Research Capital LLC TRC Has $718,000 Position in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Tower Research Capital LLC TRC lifted its holdings in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 60.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,539 shares of the company's stock after purchasing an additional 2,467 shares during the quarter. Tower Research Capital LLC TRC's holdings in Ollie's Bargain Outlet were worth $718,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in OLLI. Barclays PLC raised its holdings in 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 buying an additional 15,357 shares during the period. Virtu Financial LLC acquired a new position in shares of Ollie's Bargain Outlet in the third quarter worth $969,000. JPMorgan Chase & Co. boosted 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 stake in Ollie's Bargain Outlet by 35.9% in the fourth quarter. GAMMA Investing LLC now owns 885 shares of the company's stock valued at $97,000 after purchasing an additional 234 shares in the last quarter. Finally, Nordea Investment Management AB increased its position in Ollie's Bargain Outlet by 3.1% in the 4th quarter. Nordea Investment Management AB now owns 78,400 shares of the company's stock worth $8,669,000 after purchasing an additional 2,354 shares during the last quarter.

Wall Street Analysts Forecast Growth

OLLI has been the topic of several analyst reports. Morgan Stanley increased their target price on shares of 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. StockNews.com cut Ollie's Bargain Outlet from a "hold" rating to a "sell" rating in a research report on Tuesday, February 4th. Royal Bank of Canada upped their price objective on shares of Ollie's Bargain Outlet from $130.00 to $133.00 and gave the stock an "outperform" rating in a report on Friday, March 7th. Jefferies Financial Group lowered shares of Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and cut their target price for the stock from $125.00 to $111.00 in a research report on Tuesday, February 4th. Finally, UBS Group raised their price target on Ollie's Bargain Outlet from $117.00 to $123.00 and gave the company a "neutral" rating in a research report on Thursday, March 20th. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have given 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 target price of $123.08.

Insider Buying and Selling

In other Ollie's Bargain Outlet news, SVP Kevin Mclain sold 4,799 shares of the business's stock in a transaction dated 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 directly owns 12,336 shares of the company's stock, valued at approximately $1,425,548.16. The trade was a 28.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Der Valk Eric Van sold 1,153 shares of Ollie's Bargain Outlet stock in a transaction on Monday, March 31st. The stock was sold at an average price of $110.85, for a total value of $127,810.05. Following the sale, the chief executive officer now directly owns 6,768 shares of the company's stock, valued at approximately $750,232.80. This trade represents a 14.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 37,897 shares of company stock worth $4,227,970 in the last quarter. Insiders own 0.87% of the company's stock.

Ollie's Bargain Outlet Trading Up 0.4 %

Shares of Ollie's Bargain Outlet stock traded up $0.40 during mid-day trading on Thursday, reaching $106.51. 992,274 shares of the stock were exchanged, compared to its average volume of 1,147,126. The company has a market cap of $6.52 billion, a price-to-earnings ratio of 31.79, a price-to-earnings-growth ratio of 2.21 and a beta of 0.75. Ollie's Bargain Outlet Holdings, Inc. has a fifty-two week low of $70.17 and a fifty-two week high of $120.03. The firm has a 50-day simple moving average of $107.25 and a 200 day simple moving average of $104.51.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last issued its quarterly earnings data 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). Ollie's Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. The business 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 firm posted $1.23 EPS. The company's revenue for the quarter was up 2.8% compared to the same quarter last year. On average, research analysts predict that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

About Ollie's Bargain Outlet

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.