Harvest Fund Management Co. Ltd Lowers Stock Holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Harvest Fund Management Co. Ltd trimmed its position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 58.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 772 shares of the company’s stock after selling 1,087 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Ollie’s Bargain Outlet were worth $59,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Wellington Management Group LLP raised its position in Ollie’s Bargain Outlet by 141.5% in the 3rd quarter. Wellington Management Group LLP now owns 1,075,882 shares of the company’s stock valued at $83,037,000 after purchasing an additional 630,298 shares in the last quarter. Invesco Ltd. raised its position in Ollie’s Bargain Outlet by 76.1% in the 3rd quarter. Invesco Ltd. now owns 831,522 shares of the company’s stock valued at $64,177,000 after purchasing an additional 359,371 shares in the last quarter. AQR Capital Management LLC raised its position in Ollie’s Bargain Outlet by 334.7% in the 3rd quarter. AQR Capital Management LLC now owns 305,060 shares of the company’s stock valued at $23,444,000 after purchasing an additional 234,886 shares in the last quarter. Jennison Associates LLC acquired a new stake in shares of Ollie’s Bargain Outlet during the 4th quarter worth about $10,498,000. Finally, Lisanti Capital Growth LLC raised its position in shares of Ollie’s Bargain Outlet by 296.5% during the 3rd quarter. Lisanti Capital Growth LLC now owns 110,255 shares of the company’s stock worth $8,509,000 after acquiring an additional 82,445 shares in the last quarter.

Insider Activity at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, CEO John W. Swygert sold 5,000 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $82.57, for a total transaction of $412,850.00. Following the completion of the sale, the chief executive officer now owns 48,200 shares of the company’s stock, valued at $3,979,874. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO John W. Swygert sold 11,756 shares of the company’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $75.22, for a total value of $884,286.32. Following the completion of the sale, the chief executive officer now owns 48,200 shares of the company’s stock, valued at $3,625,604. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO John W. Swygert sold 5,000 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $82.57, for a total value of $412,850.00. Following the completion of the sale, the chief executive officer now directly owns 48,200 shares of the company’s stock, valued at approximately $3,979,874. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,171 shares of company stock worth $2,084,338. 0.86% of the stock is currently owned by insiders.

Ollie’s Bargain Outlet Stock Performance

OLLI opened at $74.35 on Friday. Ollie’s Bargain Outlet Holdings, Inc. has a one year low of $52.93 and a one year high of $84.38. The company has a market cap of $4.56 billion, a price-to-earnings ratio of 25.46 and a beta of 0.76. The business’s fifty day moving average is $75.84 and its two-hundred day moving average is $75.10.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings results on Wednesday, March 20th. The company reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.07. The company had revenue of $648.90 million during the quarter, compared to analysts’ expectations of $649.39 million. Ollie’s Bargain Outlet had a return on equity of 12.55% and a net margin of 8.63%. The business’s revenue for the quarter was up 18.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.84 earnings per share. On average, analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.19 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on OLLI. Royal Bank of Canada reissued an “outperform” rating and set a $86.00 target price on shares of Ollie’s Bargain Outlet in a research report on Thursday, March 21st. Loop Capital upgraded Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and lifted their target price for the company from $80.00 to $90.00 in a research note on Friday, April 5th. Truist Financial lifted their target price on Ollie’s Bargain Outlet from $78.00 to $80.00 and gave the company a “hold” rating in a research note on Thursday, March 21st. JPMorgan Chase & Co. lowered their target price on Ollie’s Bargain Outlet from $88.00 to $85.00 and set a “neutral” rating on the stock in a research note on Thursday, March 21st. Finally, The Goldman Sachs Group lifted their price target on Ollie’s Bargain Outlet from $91.00 to $104.00 and gave the company a “buy” rating in a research note on Thursday, March 21st. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $84.92.

About Ollie’s Bargain Outlet

Ollie's Bargain Outlet Holdings, Inc operates as a retailer of brand name merchandise in the United States. The company offers housewares, bed and bath, food, floor coverings, health and beauty aids, books and stationery, toys, and electronics; and other products, including hardware, candy, clothing, sporting goods, pet and lawn, and garden products.