Pitcairn Co. Buys 120 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Pitcairn Co. grew its stake in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 1.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,244 shares of the company’s stock after buying an additional 120 shares during the period. Pitcairn Co.’s holdings in Ollie’s Bargain Outlet were worth $795,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Corient Private Wealth LLC increased its stake in Ollie’s Bargain Outlet by 86.2% in the 4th quarter. Corient Private Wealth LLC now owns 8,438 shares of the company’s stock worth $926,000 after acquiring an additional 3,906 shares during the last quarter. Oak Thistle LLC bought a new position in shares of Ollie’s Bargain Outlet in the fourth quarter worth approximately $1,345,000. JPMorgan Chase & Co. raised its stake in Ollie’s Bargain Outlet by 79.6% in the third quarter. JPMorgan Chase & Co. now owns 189,301 shares of the company’s stock valued at $18,400,000 after purchasing an additional 83,882 shares in the last quarter. Van ECK Associates Corp lifted its position in Ollie’s Bargain Outlet by 36.5% during the fourth quarter. Van ECK Associates Corp now owns 46,659 shares of the company’s stock valued at $5,120,000 after purchasing an additional 12,476 shares during the last quarter. Finally, Harbor Capital Advisors Inc. purchased a new position in Ollie’s Bargain Outlet in the 4th quarter worth approximately $2,049,000.

Ollie’s Bargain Outlet Trading Down 3.6 %

Shares of NASDAQ:OLLI opened at $113.29 on Friday. The company has a 50-day moving average price of $106.42 and a 200-day moving average price of $102.90. The company has a market cap of $6.94 billion, a price-to-earnings ratio of 33.82, a price-to-earnings-growth ratio of 2.21 and a beta of 0.83. Ollie’s Bargain Outlet Holdings, Inc. has a 12 month low of $70.17 and a 12 month high of $120.03.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings results on Wednesday, March 19th. The company reported $1.19 EPS for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.01). The business had revenue of $667.10 million for the quarter, compared to the consensus estimate 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 period in the previous year, the company earned $1.23 EPS. As a group, research analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on OLLI shares. UBS Group raised their price objective on shares of Ollie’s Bargain Outlet from $117.00 to $123.00 and gave the company a “neutral” rating in a research report on Thursday, March 20th. Wells Fargo & Company lifted their price target on Ollie’s Bargain Outlet from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 11th. Morgan Stanley increased 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. JPMorgan Chase & Co. boosted their target price 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. Finally, Loop Capital increased their price target on shares of Ollie’s Bargain Outlet from $120.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Ollie’s Bargain Outlet presently has a consensus rating of “Moderate Buy” and a consensus target price of $123.08.

Insider Buying and Selling

In related news, CFO Robert F. Helm sold 2,139 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $115.74, for a total transaction of $247,567.86. Following the sale, the chief financial officer now directly owns 2,961 shares in the company, valued at $342,706.14. The trade was a 41.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Der Valk Eric Van sold 1,153 shares of the stock in a transaction on Monday, March 31st. The stock was sold at an average price of $110.85, for a total value 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 trade represents a 14.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 34,254 shares of company stock valued at $3,812,800 over the last quarter. 0.87% of the stock is owned by company insiders.

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.