Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Shares Sold by Picton Mahoney Asset Management

Picton Mahoney Asset Management lowered its stake in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 4.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 61,465 shares of the company’s stock after selling 3,179 shares during the quarter. Picton Mahoney Asset Management owned approximately 0.10% of Ollie’s Bargain Outlet worth $6,745,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Legacy Capital Wealth Partners LLC raised its holdings in Ollie’s Bargain Outlet by 3.4% during the fourth quarter. Legacy Capital Wealth Partners LLC now owns 2,834 shares of the company’s stock worth $311,000 after purchasing an additional 94 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Ollie’s Bargain Outlet by 55.2% in the 4th quarter. Blue Trust Inc. now owns 284 shares of the company’s stock valued at $31,000 after acquiring an additional 101 shares during the period. UMB Bank n.a. increased its holdings in shares of Ollie’s Bargain Outlet by 25.3% in the 4th quarter. UMB Bank n.a. now owns 545 shares of the company’s stock valued at $60,000 after acquiring an additional 110 shares during the period. Precision Wealth Strategies LLC increased its holdings in shares of 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 valued at $427,000 after acquiring an additional 119 shares during the period. Finally, SRS Capital Advisors Inc. increased its holdings in shares of Ollie’s Bargain Outlet by 14.4% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,098 shares of the company’s stock valued at $120,000 after acquiring an additional 138 shares during the period.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. StockNews.com cut shares of Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a report on Tuesday, February 4th. Loop Capital lifted their target price on shares of Ollie’s Bargain Outlet from $120.00 to $130.00 and gave the company a “buy” rating in a report on Monday, December 23rd. Jefferies Financial Group cut shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and dropped their price objective for the company from $125.00 to $111.00 in a research note on Tuesday, February 4th. Royal Bank of Canada boosted their price objective on shares of Ollie’s Bargain Outlet from $130.00 to $133.00 and gave the company an “outperform” rating in a research note on Friday, March 7th. Finally, Wells Fargo & Company boosted their price objective on shares of Ollie’s Bargain Outlet from $95.00 to $105.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 11th. One analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $118.29.

Insider Transactions at Ollie’s Bargain Outlet

In related news, SVP Larry Kraus sold 10,646 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $115.58, for a total value of $1,230,464.68. Following the sale, the senior vice president now directly owns 1,905 shares of the company’s stock, valued at approximately $220,179.90. This represents a 84.82 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Thomas Hendrickson sold 6,250 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $114.74, for a total transaction of $717,125.00. The disclosure for this sale can be found here. Corporate insiders own 0.87% of the company’s stock.

Ollie’s Bargain Outlet Stock Up 1.2 %

NASDAQ:OLLI opened at $102.49 on Friday. Ollie’s Bargain Outlet Holdings, Inc. has a fifty-two week low of $68.05 and a fifty-two week high of $120.03. The stock has a market cap of $6.28 billion, a PE ratio of 30.59, a price-to-earnings-growth ratio of 2.21 and a beta of 0.83. The firm’s fifty day simple moving average is $105.21 and its 200-day simple moving average is $101.10.

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.