Premier Fund Managers Ltd Acquires Shares of 4,485 Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Premier Fund Managers Ltd bought a new position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 4,485 shares of the company’s stock, valued at approximately $496,000.

Several other hedge funds and other institutional investors have also modified their holdings of OLLI. Legacy Capital Wealth Partners LLC increased its position in Ollie’s Bargain Outlet by 3.4% during the 4th quarter. Legacy Capital Wealth Partners LLC now owns 2,834 shares of the company’s stock worth $311,000 after buying an additional 94 shares during the period. Blue Trust Inc. grew its stake 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 valued at $31,000 after acquiring an additional 101 shares in the last quarter. UMB Bank n.a. increased its position in Ollie’s Bargain Outlet by 25.3% during the fourth quarter. UMB Bank n.a. now owns 545 shares of the company’s stock worth $60,000 after acquiring an additional 110 shares during the period. Precision Wealth Strategies LLC raised its stake in Ollie’s Bargain Outlet by 3.2% in the 4th quarter. Precision Wealth Strategies LLC now owns 3,889 shares of the company’s stock worth $427,000 after purchasing an additional 119 shares in the last quarter. Finally, SRS Capital Advisors Inc. grew its position in shares of Ollie’s Bargain Outlet by 14.4% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,098 shares of the company’s stock worth $120,000 after purchasing an additional 138 shares in the last quarter.

Ollie’s Bargain Outlet Stock Performance

Shares of NASDAQ:OLLI opened at $113.24 on Friday. Ollie’s Bargain Outlet Holdings, Inc. has a 52-week low of $68.05 and a 52-week high of $120.03. The company has a market capitalization of $6.94 billion, a PE ratio of 33.80, a price-to-earnings-growth ratio of 2.21 and a beta of 0.83. The company has a fifty day moving average of $105.96 and a 200-day moving average of $102.24.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its 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 during the quarter, compared to analyst estimates of $674.61 million. During the same period in the previous year, the company earned $1.23 EPS. Ollie’s Bargain Outlet’s revenue for the quarter was up 2.8% on a year-over-year basis. On average, equities analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on OLLI shares. Jefferies Financial Group downgraded shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and dropped their price target for the company from $125.00 to $111.00 in a research report on Tuesday, February 4th. Wells Fargo & Company upped their target price on 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. Craig Hallum raised their price target on 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. JPMorgan Chase & Co. upped their price objective on shares of 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, Citigroup raised shares of Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and raised their target price for the company from $64.00 to $133.00 in a report on Wednesday, December 18th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $123.08.

Insider Buying and Selling

In other news, Chairman John W. Swygert sold 5,232 shares of the firm’s stock in a transaction on Friday, March 28th. The shares were sold at an average price of $112.51, for a total transaction of $588,652.32. Following the completion of the transaction, the chairman now owns 48,200 shares of the company’s stock, valued at approximately $5,422,982. This trade represents a 9.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert Fisch sold 6,250 shares of the business’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $108.08, for a total transaction of $675,500.00. Following the completion of the sale, the director now directly owns 22,159 shares in the company, valued at approximately $2,394,944.72. This represents a 22.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 20,153 shares of company stock worth $2,200,844 in the last ninety days. Company insiders own 0.87% of the company’s stock.

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.