Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Stake Trimmed by First Trust Advisors LP

First Trust Advisors LP cut its position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 24.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 92,730 shares of the company’s stock after selling 29,801 shares during the quarter. First Trust Advisors LP owned 0.15% of Ollie’s Bargain Outlet worth $10,175,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Barclays PLC boosted its position in shares of Ollie’s Bargain Outlet by 59.2% in the third quarter. Barclays PLC now owns 41,307 shares of the company’s stock worth $4,014,000 after buying an additional 15,357 shares during the period. Virtu Financial LLC acquired a new stake in Ollie’s Bargain Outlet during the 3rd quarter worth about $969,000. JPMorgan Chase & Co. grew its stake in Ollie’s Bargain Outlet by 79.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 189,301 shares of the company’s stock valued at $18,400,000 after acquiring an additional 83,882 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Ollie’s Bargain Outlet by 35.9% in the 4th quarter. GAMMA Investing LLC now owns 885 shares of the company’s stock valued at $97,000 after purchasing an additional 234 shares during the period. Finally, Nordea Investment Management AB lifted its position in shares of Ollie’s Bargain Outlet by 3.1% in the fourth quarter. Nordea Investment Management AB now owns 78,400 shares of the company’s stock worth $8,669,000 after purchasing an additional 2,354 shares in the last quarter.

Insider Buying and Selling at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, SVP Kevin Mclain sold 4,799 shares of Ollie’s Bargain Outlet stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $115.56, for a total transaction of $554,572.44. Following the sale, the senior vice president now owns 12,336 shares in the company, valued at $1,425,548.16. The trade was a 28.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Der Valk Eric Van sold 1,153 shares of the stock in a transaction on 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 owns 6,768 shares of the company’s stock, valued at approximately $750,232.80. This represents a 14.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 37,897 shares of company stock valued at $4,227,970 in the last ninety days. Company insiders own 0.87% of the company’s stock.

Ollie’s Bargain Outlet Price Performance

OLLI stock opened at $107.54 on Tuesday. The stock has a market capitalization of $6.59 billion, a price-to-earnings ratio of 32.10, a price-to-earnings-growth ratio of 2.21 and a beta of 0.75. The company has a 50-day moving average of $107.01 and a two-hundred day moving average of $104.49. 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) last announced its 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). 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 for the quarter, compared to the consensus estimate of $674.61 million. During the same quarter in the previous year, the company earned $1.23 EPS. Ollie’s Bargain Outlet’s revenue for the quarter was up 2.8% compared to the same quarter last year. Equities analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Morgan Stanley upped their price objective on shares of 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. 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 report 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. Royal Bank of Canada raised their price target on Ollie’s Bargain Outlet from $130.00 to $133.00 and gave the stock an “outperform” rating in a research note on Friday, March 7th. Finally, UBS Group boosted their price target on 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. One equities 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. According to data from MarketBeat.com, Ollie’s Bargain Outlet presently 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.