300 Shares in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Purchased by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. bought a new stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 300 shares of the company’s stock, valued at approximately $33,000.

Several other institutional investors also recently made changes to their positions in OLLI. Captrust Financial Advisors boosted its position in Ollie’s Bargain Outlet by 9.3% during the 3rd quarter. Captrust Financial Advisors now owns 2,937 shares of the company’s stock valued at $285,000 after purchasing an additional 250 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Ollie’s Bargain Outlet during the third quarter valued at $151,000. Centiva Capital LP acquired a new position in shares of Ollie’s Bargain Outlet during the third quarter valued at $1,229,000. Royal London Asset Management Ltd. grew its position in shares of Ollie’s Bargain Outlet by 0.4% during the third quarter. Royal London Asset Management Ltd. now owns 252,842 shares of the company’s stock worth $24,576,000 after acquiring an additional 888 shares during the last quarter. Finally, Stifel Financial Corp increased its holdings in shares of Ollie’s Bargain Outlet by 1.0% in the 3rd quarter. Stifel Financial Corp now owns 49,494 shares of the company’s stock worth $4,811,000 after acquiring an additional 493 shares during the period.

Analyst Ratings Changes

Several research analysts have commented on OLLI shares. JPMorgan Chase & Co. upped their target price 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. UBS Group increased their price objective on Ollie’s Bargain Outlet from $117.00 to $123.00 and gave the stock a “neutral” rating in a report on Thursday, March 20th. StockNews.com downgraded Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research note on Tuesday, February 4th. Truist Financial increased their price target on Ollie’s Bargain Outlet from $109.00 to $121.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Finally, Bank of America raised their price target on Ollie’s Bargain Outlet from $115.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $123.08.

Ollie’s Bargain Outlet Price Performance

OLLI stock opened at $118.20 on Thursday. The firm has a market cap of $7.24 billion, a PE ratio of 35.28, a P/E/G ratio of 2.21 and a beta of 0.83. Ollie’s Bargain Outlet Holdings, Inc. has a 12 month low of $68.05 and a 12 month high of $120.03. The firm has a 50 day simple moving average of $106.30 and a 200 day simple moving average of $102.70.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings data 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 company had revenue of $667.10 million for the quarter, compared to the consensus estimate of $674.61 million. Ollie’s Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The business’s revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.23 earnings per share. As a group, sell-side analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

Insiders Place Their Bets

In other news, Chairman John W. Swygert sold 6,526 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $107.87, for a total value of $703,959.62. Following the transaction, the chairman now directly owns 53,432 shares of the company’s stock, valued at $5,763,709.84. This trade represents a 10.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Robert F. Helm sold 2,145 shares of the company’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $108.50, for a total transaction of $232,732.50. Following the completion of the sale, the chief financial officer now owns 3,888 shares of the company’s stock, valued at approximately $421,848. This trade represents a 35.55 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 26,105 shares of company stock worth $2,883,227. Company insiders own 0.87% of the company’s stock.

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.