Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Shares Purchased by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P boosted its position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 56.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 267,481 shares of the company’s stock after acquiring an additional 96,800 shares during the quarter. Loomis Sayles & Co. L P owned about 0.44% of Ollie’s Bargain Outlet worth $29,351,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Congress Asset Management Co. lifted its holdings in shares of Ollie’s Bargain Outlet by 181.6% during the fourth quarter. Congress Asset Management Co. now owns 1,916,584 shares of the company’s stock worth $210,307,000 after purchasing an additional 1,235,994 shares during the period. Stephens Investment Management Group LLC acquired a new stake in Ollie’s Bargain Outlet during the 4th quarter valued at approximately $78,356,000. Holocene Advisors LP boosted its holdings in shares of Ollie’s Bargain Outlet by 10,159.3% in the 3rd quarter. Holocene Advisors LP now owns 471,413 shares of the company’s stock valued at $45,821,000 after acquiring an additional 466,818 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Ollie’s Bargain Outlet in the 4th quarter valued at $48,633,000. Finally, Wellington Management Group LLP raised its holdings in shares of Ollie’s Bargain Outlet by 155.8% during the third quarter. Wellington Management Group LLP now owns 483,044 shares of the company’s stock worth $46,952,000 after purchasing an additional 294,217 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Bank of America upped their price target on shares of Ollie’s Bargain Outlet from $115.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Wells Fargo & Company lifted their price target on Ollie’s Bargain Outlet from $95.00 to $105.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 11th. JPMorgan Chase & Co. upped their price objective on Ollie’s Bargain Outlet from $105.00 to $135.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Morgan Stanley lifted their target price on shares of Ollie’s Bargain Outlet from $108.00 to $118.00 and gave the company an “equal weight” rating in a report on Thursday, March 20th. Finally, StockNews.com lowered shares of Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $123.08.

Insider Buying and Selling at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, Director Robert Fisch sold 6,250 shares of Ollie’s Bargain Outlet stock in a transaction on Monday, March 24th. The stock was sold at an average price of $108.08, for a total value of $675,500.00. Following the sale, the director now owns 22,159 shares in the company, valued at $2,394,944.72. The trade was a 22.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Robert F. Helm sold 2,145 shares of the company’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $108.50, for a total value of $232,732.50. Following the completion of the transaction, the chief financial officer now directly owns 3,888 shares in the company, valued at approximately $421,848. This trade represents a 35.55 % decrease in their position. The disclosure for this sale can be found here. 0.87% of the stock is currently owned by company insiders.

Ollie’s Bargain Outlet Price Performance

Shares of Ollie’s Bargain Outlet stock opened at $113.07 on Friday. The business has a 50 day simple moving average of $105.83 and a two-hundred day simple moving average of $102.10. The stock has a market capitalization of $6.93 billion, a P/E ratio of 33.75, a PEG ratio of 2.21 and a beta of 0.83. Ollie’s Bargain Outlet Holdings, Inc. has a 12 month low of $68.05 and a 12 month high of $120.03.

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

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.