Next Century Growth Investors LLC Increases Stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Next Century Growth Investors LLC grew its stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 27.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 162,136 shares of the company’s stock after purchasing an additional 35,075 shares during the period. Ollie’s Bargain Outlet comprises approximately 1.3% of Next Century Growth Investors LLC’s investment portfolio, making the stock its 23rd largest holding. Next Century Growth Investors LLC owned 0.26% of Ollie’s Bargain Outlet worth $17,791,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in OLLI. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Ollie’s Bargain Outlet by 489.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 230 shares of the company’s stock valued at $25,000 after buying an additional 191 shares during the period. Wilmington Savings Fund Society FSB grew its position in shares of Ollie’s Bargain Outlet by 337.0% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 236 shares of the company’s stock valued at $26,000 after acquiring an additional 182 shares during the period. Bogart Wealth LLC purchased a new position in shares of Ollie’s Bargain Outlet in the 4th quarter valued at about $26,000. Blue Trust Inc. raised its holdings in Ollie’s Bargain Outlet by 55.2% in the 4th quarter. Blue Trust Inc. now owns 284 shares of the company’s stock worth $31,000 after purchasing an additional 101 shares during the period. Finally, Brown Brothers Harriman & Co. acquired a new stake in Ollie’s Bargain Outlet in the fourth quarter valued at approximately $33,000.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Morgan Stanley upped their target price on Ollie’s Bargain Outlet from $108.00 to $118.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 20th. 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. Royal Bank of Canada lifted their target price on shares of Ollie’s Bargain Outlet from $130.00 to $133.00 and gave the company an “outperform” rating in a research report on Friday, March 7th. Jefferies Financial Group downgraded shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and reduced their price target for the stock from $125.00 to $111.00 in a research report on Tuesday, February 4th. Finally, Piper Sandler lowered their price objective on Ollie’s Bargain Outlet from $126.00 to $124.00 and set an “overweight” rating on the stock in a report on Thursday, March 20th. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.08.

Ollie’s Bargain Outlet Trading Up 1.0 %

Shares of OLLI stock opened at $114.42 on Friday. Ollie’s Bargain Outlet Holdings, Inc. has a twelve month low of $70.17 and a twelve month high of $120.03. The stock has a market cap of $7.01 billion, a price-to-earnings ratio of 34.16, a PEG ratio of 2.21 and a beta of 0.75. The company’s 50-day moving average price is $106.14 and its 200-day moving average price is $103.35.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings results on Wednesday, March 19th. The company reported $1.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.01). Ollie’s Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The firm had revenue of $667.10 million for the quarter, compared to analyst estimates of $674.61 million. During the same quarter in the prior year, the business earned $1.23 EPS. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. As a group, equities research analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

Insider Buying and Selling at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, SVP Kevin Mclain sold 4,799 shares of the company’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $115.56, for a total transaction of $554,572.44. Following the transaction, the senior vice president now directly owns 12,336 shares in the company, valued at $1,425,548.16. This represents a 28.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Robert F. Helm sold 312 shares of Ollie’s Bargain Outlet stock in a transaction on Monday, April 7th. The shares were sold at an average price of $107.17, for a total value of $33,437.04. Following the completion of the sale, the chief financial officer now directly owns 3,273 shares of the company’s stock, valued at $350,767.41. The trade was a 8.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 37,897 shares of company stock worth $4,227,970 over the last quarter. 0.87% of the stock is currently owned by company insiders.

Ollie’s Bargain Outlet Company 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.