SG Capital Management LLC Has $6.85 Million Stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

SG Capital Management LLC trimmed its stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 8.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 62,465 shares of the company’s stock after selling 5,821 shares during the period. SG Capital Management LLC owned about 0.10% of Ollie’s Bargain Outlet worth $6,854,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of OLLI. Barclays PLC raised its position in Ollie’s Bargain Outlet by 59.2% in the 3rd quarter. Barclays PLC now owns 41,307 shares of the company’s stock valued at $4,014,000 after purchasing an additional 15,357 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Ollie’s Bargain Outlet by 76.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,984 shares of the company’s stock worth $766,000 after purchasing an additional 3,018 shares in the last quarter. Wedmont Private Capital bought a new position in Ollie’s Bargain Outlet in the 4th quarter worth approximately $212,000. Fifth Third Wealth Advisors LLC bought a new position in Ollie’s Bargain Outlet in the 4th quarter valued at $213,000. Finally, Assenagon Asset Management S.A. acquired a new position in shares of Ollie’s Bargain Outlet during the fourth quarter valued at $11,807,000.

Analyst Ratings Changes

A number of research firms recently weighed in on OLLI. UBS Group boosted their price target on shares of Ollie’s Bargain Outlet from $117.00 to $123.00 and gave the stock a “neutral” rating in a research note on Thursday, March 20th. Morgan Stanley upped their target price on shares of Ollie’s Bargain Outlet from $108.00 to $118.00 and gave the company an “equal weight” rating in a research report on Thursday, March 20th. Royal Bank of Canada raised their price target on Ollie’s Bargain Outlet from $130.00 to $133.00 and gave the stock an “outperform” rating in a research report on Friday, March 7th. Jefferies Financial Group downgraded 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 report on Tuesday, February 4th. Finally, StockNews.com upgraded Ollie’s Bargain Outlet from a “sell” rating to a “hold” rating in a report on Tuesday. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $123.08.

Ollie’s Bargain Outlet Trading Up 0.3%

OLLI stock opened at $113.87 on Friday. Ollie’s Bargain Outlet Holdings, Inc. has a 1-year low of $72.19 and a 1-year high of $120.03. The stock has a 50-day moving average price of $109.26 and a 200-day moving average price of $105.87. The firm has a market cap of $6.99 billion, a PE ratio of 33.99, a price-to-earnings-growth ratio of 2.21 and a beta of 0.45.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings results on Wednesday, March 19th. The company reported $1.19 EPS for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.01). The business had revenue of $667.10 million for the quarter, compared to the consensus estimate of $674.61 million. Ollie’s Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.23 EPS. On average, analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

Insider Buying and Selling

In related news, SVP Kevin Mclain sold 4,799 shares of the firm’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $115.56, for a total transaction of $554,572.44. Following the transaction, the senior vice president now directly owns 12,336 shares of the company’s stock, valued at approximately $1,425,548.16. This trade represents a 28.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Robert F. Helm sold 312 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $107.17, for a total transaction of $33,437.04. Following the transaction, the chief financial officer now directly owns 3,273 shares in the company, valued at $350,767.41. This trade represents a 8.70% decrease in their ownership of the stock. 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. Company insiders own 0.75% 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.