Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Shares Sold by XTX Topco Ltd

XTX Topco Ltd decreased its stake in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 73.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,851 shares of the company's stock after selling 10,517 shares during the period. XTX Topco Ltd's holdings in Ollie's Bargain Outlet were worth $423,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in OLLI. Barclays PLC lifted its position in shares of Ollie's Bargain Outlet by 59.2% during the 3rd quarter. Barclays PLC now owns 41,307 shares of the company's stock valued at $4,014,000 after acquiring an additional 15,357 shares during the period. Virtu Financial LLC acquired a new stake in Ollie's Bargain Outlet in the third quarter valued at $969,000. JPMorgan Chase & Co. increased its position in shares of Ollie's Bargain Outlet by 79.6% in the third quarter. JPMorgan Chase & Co. now owns 189,301 shares of the company's stock valued at $18,400,000 after buying an additional 83,882 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Ollie's Bargain Outlet by 35.9% during the 4th quarter. GAMMA Investing LLC now owns 885 shares of the company's stock worth $97,000 after buying an additional 234 shares during the last quarter. Finally, Nordea Investment Management AB boosted its position in shares of 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 buying an additional 2,354 shares in the last quarter.

Ollie's Bargain Outlet Stock Up 1.8 %

Shares of OLLI stock traded up $1.87 on Friday, reaching $107.31. 969,182 shares of the stock were exchanged, compared to its average volume of 1,148,511. Ollie's Bargain Outlet Holdings, Inc. has a 1-year low of $70.17 and a 1-year high of $120.03. The stock has a market cap of $6.57 billion, a P/E ratio of 32.03, a price-to-earnings-growth ratio of 2.21 and a beta of 0.75. The firm has a 50 day moving average of $106.98 and a two-hundred day moving average of $104.41.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last announced 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 return on equity of 13.15% and a net margin of 9.22%. The firm had revenue of $667.10 million for the quarter, compared to analyst estimates of $674.61 million. During the same quarter in the prior year, the company earned $1.23 earnings per share. The business's revenue was up 2.8% compared to the same quarter last year. On average, equities research analysts predict that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

Insider Transactions at Ollie's Bargain Outlet

In other Ollie's Bargain Outlet news, CEO Der Valk Eric Van sold 1,153 shares of the business's stock in a transaction dated 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 owns 6,768 shares in the company, valued at $750,232.80. The trade was a 14.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman John W. Swygert sold 6,526 shares of the stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $107.87, for a total value of $703,959.62. Following the completion of the sale, the chairman now owns 53,432 shares of the company's stock, valued at approximately $5,763,709.84. This trade represents a 10.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 37,897 shares of company stock valued at $4,227,970 over the last 90 days. Corporate insiders own 0.87% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Royal Bank of Canada lifted their target price on shares of Ollie's Bargain Outlet from $130.00 to $133.00 and gave the stock an "outperform" rating in a research report on Friday, March 7th. UBS Group increased their target price on Ollie's Bargain Outlet from $117.00 to $123.00 and gave the company a "neutral" rating in a report on Thursday, March 20th. Piper Sandler reduced their price objective on Ollie's Bargain Outlet from $126.00 to $124.00 and set an "overweight" rating on the stock 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. Finally, Jefferies Financial Group downgraded shares of Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and lowered their price target for the stock from $125.00 to $111.00 in a report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $123.08.

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.