Universal Beteiligungs und Servicegesellschaft mbH decreased its position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI – Free Report) by 76.3% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 13,575 shares of the company’s stock after selling 43,665 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Ollie’s Bargain Outlet were worth $1,488,000 as of its most recent filing with the SEC.
Other institutional investors have also recently bought and sold shares of the company. Allworth Financial LP lifted its stake in Ollie’s Bargain Outlet by 301.8% in the 3rd quarter. Allworth Financial LP now owns 221 shares of the company’s stock valued at $28,000 after acquiring an additional 166 shares in the last quarter. Maseco LLP bought a new stake in Ollie’s Bargain Outlet in the 4th quarter valued at approximately $30,000. Shell Asset Management Co. bought a new stake in Ollie’s Bargain Outlet in the 3rd quarter valued at approximately $37,000. Smartleaf Asset Management LLC lifted its stake in Ollie’s Bargain Outlet by 125.0% in the 3rd quarter. Smartleaf Asset Management LLC now owns 342 shares of the company’s stock valued at $45,000 after acquiring an additional 190 shares in the last quarter. Finally, Bessemer Group Inc. lifted its stake in Ollie’s Bargain Outlet by 25.0% in the 3rd quarter. Bessemer Group Inc. now owns 430 shares of the company’s stock valued at $55,000 after acquiring an additional 86 shares in the last quarter.
Ollie’s Bargain Outlet Trading Down 1.0%
OLLI opened at $85.61 on Friday. Ollie’s Bargain Outlet Holdings, Inc. has a 1-year low of $84.29 and a 1-year high of $141.74. The stock’s fifty day simple moving average is $97.74 and its 200 day simple moving average is $110.19. The stock has a market cap of $5.22 billion, a PE ratio of 21.95, a price-to-earnings-growth ratio of 1.50 and a beta of 0.49.
Insider Buying and Selling
In other Ollie’s Bargain Outlet news, Chairman John W. Swygert sold 5,231 shares of the company’s stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $92.09, for a total value of $481,722.79. Following the transaction, the chairman directly owned 48,200 shares of the company’s stock, valued at $4,438,738. This represents a 9.79% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 13,585 shares of company stock valued at $1,275,398. Corporate insiders own 0.75% of the company’s stock.
Analyst Upgrades and Downgrades
OLLI has been the topic of several research reports. JPMorgan Chase & Co. cut their target price on Ollie’s Bargain Outlet from $163.00 to $152.00 and set an “overweight” rating on the stock in a research note on Monday, April 13th. UBS Group set a $125.00 target price on Ollie’s Bargain Outlet in a research note on Monday, March 16th. Piper Sandler restated an “overweight” rating and issued a $128.00 target price (down from $140.00) on shares of Ollie’s Bargain Outlet in a research note on Friday, March 13th. Jefferies Financial Group upgraded Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and upped their price objective for the stock from $120.00 to $130.00 in a research note on Thursday, April 2nd. Finally, Truist Financial set a $135.00 price objective on Ollie’s Bargain Outlet in a research note on Friday, March 13th. Thirteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Ollie’s Bargain Outlet presently has a consensus rating of “Moderate Buy” and a consensus price target of $140.50.
View Our Latest Analysis on Ollie’s Bargain Outlet
Ollie’s Bargain Outlet Profile
Ollie’s Bargain Outlet is an American discount retailer specializing in closeout merchandise and surplus inventory across a broad range of categories. The company operates a no-frills retail format that offers branded and private-label products at significant markdowns. Its merchandise mix typically includes housewares, electronics, health and beauty items, food products, beauty supplies, books, toys, and seasonal goods.
Founded in 1982 by Oliver E. “Ollie” Rosenberg, the company is headquartered in Harrisburg, Pennsylvania.
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