Johnson Financial Group Inc. Purchases New Holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Johnson Financial Group Inc. purchased a new stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 585 shares of the company’s stock, valued at approximately $65,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Corient Private Wealth LLC lifted its stake in Ollie’s Bargain Outlet by 86.2% in the 4th quarter. Corient Private Wealth LLC now owns 8,438 shares of the company’s stock valued at $926,000 after buying an additional 3,906 shares in the last quarter. Next Century Growth Investors LLC lifted its stake in Ollie’s Bargain Outlet by 27.6% in the 4th quarter. Next Century Growth Investors LLC now owns 162,136 shares of the company’s stock worth $17,791,000 after purchasing an additional 35,075 shares in the last quarter. Oak Thistle LLC acquired a new position in shares of Ollie’s Bargain Outlet during the 4th quarter worth approximately $1,345,000. JPMorgan Chase & Co. grew its position in shares of Ollie’s Bargain Outlet by 130.5% in the fourth quarter. JPMorgan Chase & Co. now owns 436,366 shares of the company’s stock valued at $47,882,000 after purchasing an additional 247,065 shares in the last quarter. Finally, Van ECK Associates Corp lifted its position in Ollie’s Bargain Outlet by 36.5% during the fourth quarter. Van ECK Associates Corp now owns 46,659 shares of the company’s stock worth $5,120,000 after buying an additional 12,476 shares in the last quarter.

Ollie’s Bargain Outlet Trading Up 0.2 %

NASDAQ OLLI opened at $107.54 on Tuesday. The stock has a fifty day simple moving average of $107.01 and a 200-day simple moving average of $104.49. 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 $6.59 billion, a PE ratio of 32.10, a P/E/G ratio of 2.21 and a beta of 0.75.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its earnings results on Wednesday, March 19th. The company reported $1.19 earnings per share (EPS) for the quarter, missing the consensus estimate 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 period in the previous year, the company posted $1.23 EPS. Ollie’s Bargain Outlet’s revenue was up 2.8% on a year-over-year basis. Research analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

Analyst Ratings Changes

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

Insider Buying and Selling

In related news, CFO Robert F. Helm sold 2,139 shares of the stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $115.74, for a total transaction of $247,567.86. Following the transaction, the chief financial officer now owns 2,961 shares of the company’s stock, valued at approximately $342,706.14. This represents a 41.94 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert Fisch sold 6,250 shares of the stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $108.08, for a total value of $675,500.00. Following the transaction, the director now directly owns 22,159 shares in the company, valued at approximately $2,394,944.72. The trade was a 22.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 37,897 shares of company stock valued at $4,227,970. Corporate 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.