Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Shares Sold by Centiva Capital LP
Centiva Capital LP lowered its holdings in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 43.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC).
Centiva Capital LP lowered its holdings in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 43.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,107 shares of the company's stock after selling 5,541 shares during the period. Centiva Capital LP's holdings in Ollie's Bargain Outlet were worth $780,000 at the end of the most recent reporting period.
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A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Legacy Capital Wealth Partners LLC increased its holdings in shares of 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 buying an additional 94 shares in the last quarter. Coldstream Capital Management Inc. raised its position in shares of Ollie's Bargain Outlet by 3.4% during the fourth quarter. Coldstream Capital Management Inc. now owns 2,912 shares of the company's stock worth $320,000 after purchasing an additional 97 shares during the period. Blue Trust Inc. lifted its holdings in shares of Ollie's Bargain Outlet by 55.2% during 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 last quarter. UMB Bank n.a. boosted its position in shares of Ollie's Bargain Outlet by 25.3% in the 4th quarter. UMB Bank n.a. now owns 545 shares of the company's stock valued at $60,000 after purchasing an additional 110 shares during the period. Finally, Precision Wealth Strategies LLC increased its stake in Ollie's Bargain Outlet by 3.2% in the 4th quarter. Precision Wealth Strategies LLC now owns 3,889 shares of the company's stock worth $427,000 after purchasing an additional 119 shares in the last quarter.
Wall Street Analyst Weigh In
Several brokerages have commented on OLLI. StockNews.com cut shares of Ollie's Bargain Outlet from a "hold" rating to a "sell" rating in a report on Tuesday, February 4th. Royal Bank of Canada raised their price objective on shares of 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. Jefferies Financial Group downgraded shares of Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and cut their target price for the company from $125.00 to $111.00 in a research note on Tuesday, February 4th. UBS Group raised their target price on Ollie's Bargain Outlet from $117.00 to $123.00 and gave the stock a "neutral" rating in a research report on Thursday, March 20th. Finally, Morgan Stanley upped 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. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $123.08.
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View Our Latest Report on OLLI
Insider Buying and Selling
In other news, CFO Robert F. Helm sold 2,145 shares of the firm's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $108.50, for a total value of $232,732.50. Following the transaction, the chief financial officer now owns 3,888 shares of the company's stock, valued at approximately $421,848. This trade represents a 35.55 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert Fisch sold 6,250 shares of the business's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $108.08, for a total transaction of $675,500.00. Following the sale, the director now directly owns 22,159 shares of the company's stock, valued at approximately $2,394,944.72. This trade represents a 22.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 37,897 shares of company stock worth $4,227,970 in the last quarter. 0.87% of the stock is owned by corporate insiders.
Ollie's Bargain Outlet Trading Down 1.3 %
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OLLI stock opened at $108.94 on Friday. The firm has a market cap of $6.69 billion, a PE ratio of 32.52, a PEG ratio of 2.21 and a beta of 0.45. Ollie's Bargain Outlet Holdings, Inc. has a 1 year low of $72.19 and a 1 year high of $120.03. The company has a fifty day simple moving average of $108.35 and a 200 day simple moving average of $105.13.
Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last announced its quarterly earnings results on Wednesday, March 19th. The company reported $1.19 earnings per share for the quarter, missing analysts' consensus estimates 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 company had revenue of $667.10 million during the quarter, compared to analyst estimates of $674.61 million. During the same period in the prior year, the firm earned $1.23 EPS. Ollie's Bargain Outlet's quarterly revenue was up 2.8% on a year-over-year basis. As a group, analysts forecast that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.
Ollie's Bargain Outlet Company Profile
(Free Report)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.
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