Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Shares Purchased by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA boosted its stake in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 6.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 344,908 shares of the company’s stock after buying an additional 21,110 shares during the period. Massachusetts Financial Services Co. MA owned 0.56% of Ollie’s Bargain Outlet worth $37,847,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Congress Asset Management Co. grew its holdings in shares of Ollie’s Bargain Outlet by 181.6% in the fourth quarter. Congress Asset Management Co. now owns 1,916,584 shares of the company’s stock valued at $210,307,000 after purchasing an additional 1,235,994 shares during the period. Norges Bank purchased a new stake in shares of Ollie’s Bargain Outlet in the 4th quarter valued at approximately $80,741,000. Stephens Investment Management Group LLC acquired a new stake in shares of Ollie’s Bargain Outlet during the 4th quarter worth approximately $78,356,000. Raymond James Financial Inc. purchased a new stake in shares of Ollie’s Bargain Outlet during the 4th quarter valued at approximately $48,633,000. Finally, Wellington Management Group LLP lifted its holdings in Ollie’s Bargain Outlet by 155.8% in the third quarter. Wellington Management Group LLP now owns 483,044 shares of the company’s stock valued at $46,952,000 after acquiring an additional 294,217 shares during the last quarter.

Ollie’s Bargain Outlet Price Performance

Shares of NASDAQ OLLI opened at $113.29 on Friday. The company has a market cap of $6.94 billion, a price-to-earnings ratio of 33.82, a price-to-earnings-growth ratio of 2.21 and a beta of 0.83. The stock’s 50-day moving average is $106.42 and its two-hundred day moving average is $102.93. Ollie’s Bargain Outlet Holdings, Inc. has a 1-year low of $70.17 and a 1-year high of $120.03.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its earnings results on Wednesday, March 19th. The company reported $1.19 earnings per share for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $674.61 million. During the same quarter in the previous year, the company posted $1.23 earnings per share. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. Equities research analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

OLLI has been the subject of several recent analyst reports. StockNews.com cut Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research note on Tuesday, February 4th. JPMorgan Chase & Co. upped their target price on shares of Ollie’s Bargain Outlet from $105.00 to $135.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Loop Capital lifted their price target on shares of Ollie’s Bargain Outlet from $120.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. Piper Sandler decreased their price objective on shares of Ollie’s Bargain Outlet from $126.00 to $124.00 and set an “overweight” rating on the stock in a report on Thursday, March 20th. Finally, Jefferies Financial Group lowered Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and cut their target price for the company from $125.00 to $111.00 in a research report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Ollie’s Bargain Outlet presently has a consensus rating of “Moderate Buy” and a consensus price target of $123.08.

Insider Transactions at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, Chairman John W. Swygert sold 6,526 shares of the firm’s stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $107.87, for a total value of $703,959.62. Following the sale, the chairman now directly owns 53,432 shares in the company, 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Der Valk Eric Van sold 1,153 shares of the stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $110.85, for a total value of $127,810.05. Following the completion of the transaction, the chief executive officer now owns 6,768 shares in the company, valued at approximately $750,232.80. The trade was a 14.56 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 34,254 shares of company stock valued at $3,812,800. Insiders own 0.87% 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.