American Century Companies Inc. Sells 205,730 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

American Century Companies Inc. lessened its position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 31.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 454,328 shares of the company’s stock after selling 205,730 shares during the period. American Century Companies Inc. owned approximately 0.74% of Ollie’s Bargain Outlet worth $49,854,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB increased its position in shares of Ollie’s Bargain Outlet by 337.0% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 236 shares of the company’s stock valued at $26,000 after buying an additional 182 shares in the last quarter. Bogart Wealth LLC acquired a new position in Ollie’s Bargain Outlet in the fourth quarter valued at about $26,000. Blue Trust Inc. increased its holdings in shares of Ollie’s Bargain Outlet by 55.2% in the fourth quarter. Blue Trust Inc. now owns 284 shares of the company’s stock worth $31,000 after acquiring an additional 101 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in shares of Ollie’s Bargain Outlet during the fourth quarter worth about $41,000. Finally, Tortoise Investment Management LLC bought a new position in shares of Ollie’s Bargain Outlet during the 4th quarter valued at about $45,000.

Ollie’s Bargain Outlet Stock Up 1.7 %

OLLI stock opened at $108.17 on Thursday. The company has a market cap of $6.63 billion, a price-to-earnings ratio of 32.29, a P/E/G ratio of 2.21 and a beta of 0.83. Ollie’s Bargain Outlet Holdings, Inc. has a twelve month low of $68.05 and a twelve month high of $120.03. The business has a 50 day moving average price of $105.66 and a two-hundred day moving average price of $102.02.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its earnings results on Wednesday, March 19th. The company reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.20 by ($0.01). The firm had revenue of $667.10 million during 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%. Ollie’s Bargain Outlet’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.23 earnings per share. On average, equities research analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

Insider Transactions at Ollie’s Bargain Outlet

In other news, CFO Robert F. Helm sold 2,145 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $108.50, for a total transaction 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. The trade was a 35.55 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 value of $675,500.00. Following the transaction, the director now directly 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 disclosure for this sale can be found here. 0.87% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Morgan Stanley raised their target price on shares of Ollie’s Bargain Outlet from $108.00 to $118.00 and gave the stock an “equal weight” rating in a report on Thursday, March 20th. Jefferies Financial Group lowered shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $125.00 to $111.00 in a report on Tuesday, February 4th. Bank of America upped their target price on shares of Ollie’s Bargain Outlet from $115.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Craig Hallum lifted their price target on Ollie’s Bargain Outlet from $107.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Finally, 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. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $123.08.

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.