Townsquare Capital LLC Boosts Stock Position in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Townsquare Capital LLC lifted its holdings in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 28.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 137,253 shares of the company's stock after acquiring an additional 30,336 shares during the period. Townsquare Capital LLC owned 0.22% of Ollie's Bargain Outlet worth $15,058,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Ollie's Bargain Outlet by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 5,821,957 shares of the company's stock valued at $638,843,000 after buying an additional 70,496 shares during the last quarter. Congress Asset Management Co. grew its holdings in Ollie's Bargain Outlet by 181.6% during the fourth quarter. Congress Asset Management Co. now owns 1,916,584 shares of the company's stock worth $210,307,000 after acquiring an additional 1,235,994 shares during the period. State Street Corp raised its position in Ollie's Bargain Outlet by 2.1% in the third quarter. State Street Corp now owns 1,871,047 shares of the company's stock worth $181,866,000 after acquiring an additional 38,203 shares in the last quarter. Invesco Ltd. lifted its holdings in Ollie's Bargain Outlet by 1.1% in the fourth quarter. Invesco Ltd. now owns 1,645,472 shares of the company's stock valued at $180,558,000 after acquiring an additional 17,302 shares during the period. Finally, Alliancebernstein L.P. grew its stake in shares of Ollie's Bargain Outlet by 12.9% during the 4th quarter. Alliancebernstein L.P. now owns 1,629,572 shares of the company's stock worth $178,813,000 after purchasing an additional 186,313 shares during the period.

Insider Activity at Ollie's Bargain Outlet

In related news, CFO Robert F. Helm sold 2,145 shares of the business's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $108.50, for a total transaction of $232,732.50. Following the transaction, the chief financial officer now directly owns 3,888 shares of the company's stock, valued at approximately $421,848. The trade was a 35.55 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Der Valk Eric Van sold 1,153 shares of the business's stock in a transaction on Monday, March 31st. The stock was sold at an average price of $110.85, for a total transaction of $127,810.05. Following the transaction, the chief executive officer now directly owns 6,768 shares in the company, valued at approximately $750,232.80. The trade was a 14.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 37,897 shares of company stock worth $4,227,970. Corporate insiders own 0.87% of the company's stock.

Ollie's Bargain Outlet Price Performance

OLLI stock traded up $1.98 during trading on Thursday, reaching $111.95. 1,118,807 shares of the stock traded hands, compared to its average volume of 1,130,066. The business's 50 day moving average price is $106.54 and its 200-day moving average price is $103.63. The firm has a market capitalization of $6.86 billion, a PE ratio of 33.42, a P/E/G ratio of 2.21 and a beta of 0.75. Ollie's Bargain Outlet Holdings, Inc. has a 52-week low of $70.17 and a 52-week high of $120.03.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last posted its quarterly 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 business had revenue of $667.10 million during the quarter, compared to analysts' expectations of $674.61 million. During the same quarter in the previous year, the business posted $1.23 EPS. The company's quarterly revenue was up 2.8% on a year-over-year basis. On average, equities research analysts predict that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on OLLI. Morgan Stanley raised their price objective on Ollie's Bargain Outlet from $108.00 to $118.00 and gave the company an "equal weight" rating in a research note on Thursday, March 20th. StockNews.com downgraded Ollie's Bargain Outlet from a "hold" rating to a "sell" rating in a research note 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 on the stock in a research note on Thursday, March 20th. Loop Capital boosted their price objective on shares of Ollie's Bargain Outlet from $120.00 to $130.00 and gave the company a "buy" rating in a research report on Monday, December 23rd. Finally, UBS Group raised their target price on shares of Ollie's Bargain Outlet from $117.00 to $123.00 and gave the stock a "neutral" rating in a research report on Thursday, March 20th. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Ollie's Bargain Outlet has an average rating of "Moderate Buy" and a consensus price target 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.