Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Shares Sold by Wasatch Advisors LP

Wasatch Advisors LP decreased its stake in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 2.1% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 3,923,595 shares of the company's stock after selling 82,211 shares during the period. Ollie's Bargain Outlet accounts for 2.1% of Wasatch Advisors LP's investment portfolio, making the stock its 9th largest position. Wasatch Advisors LP owned about 6.40% of Ollie's Bargain Outlet worth $430,536,000 as of its most recent filing with the SEC.

A number of other large investors have also recently modified their holdings of the business. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Ollie's Bargain Outlet by 489.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 230 shares of the company's stock valued at $25,000 after purchasing an additional 191 shares in the last quarter. Wilmington Savings Fund Society FSB raised its stake in Ollie's Bargain Outlet by 337.0% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 236 shares of the company's stock valued at $26,000 after purchasing an additional 182 shares during the period. Bogart Wealth LLC purchased a new position in Ollie's Bargain Outlet during the 4th quarter valued at approximately $26,000. Blue Trust Inc. boosted its holdings in shares of Ollie's Bargain Outlet by 55.2% in the 4th quarter. Blue Trust Inc. now owns 284 shares of the company's stock worth $31,000 after purchasing an additional 101 shares during the period. Finally, Brown Brothers Harriman & Co. bought a new position in shares of Ollie's Bargain Outlet during the fourth quarter valued at approximately $33,000.

Insider Activity at Ollie's Bargain Outlet

In related news, CFO Robert F. Helm sold 312 shares of the stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $107.17, for a total value of $33,437.04. Following the completion of the transaction, 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman John W. Swygert sold 3,331 shares of the stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $114.60, for a total transaction of $381,732.60. Following the sale, the chairman now directly owns 48,200 shares of the company's stock, valued at approximately $5,523,720. This represents a 6.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, 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 Stock Down 7.4 %

Shares of Ollie's Bargain Outlet stock traded down $8.30 on Monday, reaching $103.65. The stock had a trading volume of 795,734 shares, compared to its average volume of 1,133,288. The stock has a market capitalization of $6.35 billion, a P/E ratio of 30.94, a P/E/G ratio of 2.21 and a beta of 0.75. The company has a 50 day moving average price of $106.89 and a 200 day moving average price of $103.96. Ollie's Bargain Outlet Holdings, Inc. has a 1 year low of $70.17 and a 1 year high of $120.03.

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 for the quarter, missing the consensus estimate of $1.20 by ($0.01). The business had revenue of $667.10 million during the quarter, compared to analysts' expectations of $674.61 million. Ollie's Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The company's revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.23 earnings per share. On average, analysts forecast that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on OLLI. Loop Capital increased their price objective on Ollie's Bargain Outlet from $120.00 to $130.00 and gave the company a "buy" rating in a report on Monday, December 23rd. UBS Group raised 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 report on Thursday, March 20th. Morgan Stanley upped their price target on Ollie's Bargain Outlet from $108.00 to $118.00 and gave the stock an "equal weight" rating in a report on Thursday, March 20th. Royal Bank of Canada lifted their target price on shares of Ollie's Bargain Outlet from $130.00 to $133.00 and gave the company an "outperform" rating in a report on Friday, March 7th. Finally, Piper Sandler cut their price objective on Ollie's Bargain Outlet from $126.00 to $124.00 and set an "overweight" rating for the company in a research report on Thursday, March 20th. One equities research 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 data from MarketBeat, the company 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.