Massachusetts Financial Services Co. MA Boosts Stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Massachusetts Financial Services Co. MA increased its position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 6.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 344,908 shares of the company’s stock after buying an additional 21,110 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Ollie’s Bargain Outlet were worth $37,847,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in OLLI. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Ollie’s Bargain Outlet by 489.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 230 shares of the company’s stock worth $25,000 after acquiring an additional 191 shares during the last quarter. Wilmington Savings Fund Society FSB boosted 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 worth $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 worth $26,000. Blue Trust Inc. increased its stake in Ollie’s Bargain Outlet by 55.2% in the fourth quarter. Blue Trust Inc. now owns 284 shares of the company’s stock valued at $31,000 after purchasing an additional 101 shares during the period. Finally, Brown Brothers Harriman & Co. purchased a new stake in shares of Ollie’s Bargain Outlet in the fourth quarter valued at about $33,000.

Ollie’s Bargain Outlet Trading Down 3.6 %

Shares of Ollie’s Bargain Outlet stock opened at $113.29 on Friday. The company has a 50-day moving average of $106.42 and a two-hundred day moving average of $102.93. Ollie’s Bargain Outlet Holdings, Inc. has a 12-month low of $70.17 and a 12-month high of $120.03. The stock has a market cap of $6.94 billion, a PE ratio of 33.82, a price-to-earnings-growth ratio of 2.21 and a beta of 0.83.

Ollie’s Bargain Outlet (NASDAQ:OLLI) 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 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 period in the prior year, the firm posted $1.23 earnings per share. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. On average, sell-side analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Morgan Stanley boosted their price target on Ollie’s Bargain Outlet from $108.00 to $118.00 and gave the company an “equal weight” rating in a research report on Thursday, March 20th. StockNews.com lowered Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a report on Tuesday, February 4th. Craig Hallum lifted their price objective on shares of Ollie’s Bargain Outlet from $107.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Bank of America upped their price objective on shares of Ollie’s Bargain Outlet from $115.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Finally, 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. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, Ollie’s Bargain Outlet has a consensus rating of “Moderate Buy” and an average price target of $123.08.

Insider Transactions at Ollie’s Bargain Outlet

In related news, Chairman John W. Swygert sold 6,526 shares of the stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $107.87, for a total transaction of $703,959.62. Following the sale, the chairman now owns 53,432 shares of the company’s stock, valued at $5,763,709.84. This trade represents a 10.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Der Valk Eric Van sold 1,153 shares of the business’s stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $110.85, for a total transaction of $127,810.05. Following the completion of the transaction, the chief executive officer now directly owns 6,768 shares of the company’s stock, valued at $750,232.80. The trade was a 14.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 34,254 shares of company stock valued at $3,812,800 in the last ninety days. Corporate insiders own 0.87% of the company’s stock.

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.