Primecap Management Co. CA Sells 1,590 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Primecap Management Co. CA lowered its position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 0.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 481,510 shares of the company’s stock after selling 1,590 shares during the quarter. Primecap Management Co. CA owned about 0.79% of Ollie’s Bargain Outlet worth $52,836,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of OLLI. Congress Asset Management Co. boosted its position in 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 valued at $210,307,000 after acquiring an additional 1,235,994 shares during the last quarter. Stephens Investment Management Group LLC bought a new stake in Ollie’s Bargain Outlet during the fourth quarter valued at $78,356,000. Holocene Advisors LP boosted its position in Ollie’s Bargain Outlet by 10,159.3% during the third 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. bought a new stake in Ollie’s Bargain Outlet during the fourth quarter valued at $48,633,000. Finally, Wellington Management Group LLP boosted its position in shares of Ollie’s Bargain Outlet by 155.8% during the 3rd 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 in the last quarter.

Ollie’s Bargain Outlet Stock Down 4.1 %

Shares of OLLI stock opened at $99.06 on Wednesday. The company has a 50 day moving average of $105.06 and a 200-day moving average of $101.33. Ollie’s Bargain Outlet Holdings, Inc. has a 12-month low of $68.05 and a 12-month high of $120.03. The firm has a market cap of $6.07 billion, a P/E ratio of 29.57, a PEG ratio of 2.21 and a beta of 0.83.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on OLLI. StockNews.com cut shares of Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research report on Tuesday, February 4th. Craig Hallum increased their price objective on shares of Ollie’s Bargain Outlet from $107.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Citigroup raised shares of Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and increased their price objective for the stock from $64.00 to $133.00 in a research report on Wednesday, December 18th. Royal Bank of Canada increased 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 report on Friday, March 7th. Finally, Wells Fargo & Company raised their price target on shares of 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. One research analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $118.29.

Ollie’s Bargain Outlet Profile

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.