Redwood Investments LLC Buys 472 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Redwood Investments LLC lifted its stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 2.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 18,072 shares of the company’s stock after acquiring an additional 472 shares during the quarter. Redwood Investments LLC’s holdings in Ollie’s Bargain Outlet were worth $1,983,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Legacy Capital Wealth Partners LLC grew its stake in Ollie’s Bargain Outlet by 3.4% in the fourth quarter. Legacy Capital Wealth Partners LLC now owns 2,834 shares of the company’s stock valued at $311,000 after purchasing an additional 94 shares in the last quarter. Coldstream Capital Management Inc. boosted its holdings in shares of Ollie’s Bargain Outlet by 3.4% in the 4th quarter. Coldstream Capital Management Inc. now owns 2,912 shares of the company’s stock valued at $320,000 after buying an additional 97 shares during the last quarter. Blue Trust Inc. grew its stake in shares of 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 buying an additional 101 shares in the last quarter. UMB Bank n.a. increased its holdings in Ollie’s Bargain Outlet by 25.3% during the fourth quarter. UMB Bank n.a. now owns 545 shares of the company’s stock worth $60,000 after buying an additional 110 shares during the last quarter. Finally, Precision Wealth Strategies LLC increased its holdings in Ollie’s Bargain Outlet by 3.2% during the fourth quarter. Precision Wealth Strategies LLC now owns 3,889 shares of the company’s stock worth $427,000 after buying an additional 119 shares during the last quarter.

Ollie’s Bargain Outlet Stock Down 0.3%

Shares of OLLI stock opened at $113.58 on Thursday. Ollie’s Bargain Outlet Holdings, Inc. has a 12-month low of $72.19 and a 12-month high of $120.03. The company has a market capitalization of $6.97 billion, a PE ratio of 33.90, a price-to-earnings-growth ratio of 2.21 and a beta of 0.45. The firm has a 50 day moving average price of $108.96 and a two-hundred day moving average price of $105.71.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings results 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 firm had revenue of $667.10 million for the quarter, compared to analyst estimates of $674.61 million. Ollie’s Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.23 earnings per share. As a group, research analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

Insider Transactions at Ollie’s Bargain Outlet

In related news, CFO Robert F. Helm sold 312 shares of the company’s stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $107.17, for a total value of $33,437.04. Following the transaction, the chief financial officer now directly owns 3,273 shares in the company, valued at approximately $350,767.41. This represents a 8.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman John W. Swygert sold 6,526 shares of the firm’s stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $107.87, for a total transaction of $703,959.62. Following the transaction, the chairman now directly owns 53,432 shares in the company, valued at approximately $5,763,709.84. This represents a 10.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 37,897 shares of company stock valued at $4,227,970. 0.75% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have commented on OLLI. Jefferies Financial Group cut shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and cut their price target for the company from $125.00 to $111.00 in a research note on Tuesday, February 4th. UBS Group raised their target price on shares of Ollie’s Bargain Outlet from $117.00 to $123.00 and gave the company a “neutral” rating in a research note on Thursday, March 20th. Royal Bank of Canada lifted their price target on Ollie’s Bargain Outlet from $130.00 to $133.00 and gave the stock an “outperform” rating in a report on Friday, March 7th. StockNews.com raised Ollie’s Bargain Outlet from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, 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 report on Thursday, March 20th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $123.08.

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.