Claret Asset Management Corp Reduces Holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Claret Asset Management Corp decreased its position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 0.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 248,467 shares of the company’s stock after selling 1,681 shares during the quarter. Ollie’s Bargain Outlet accounts for 4.3% of Claret Asset Management Corp’s investment portfolio, making the stock its 6th biggest holding. Claret Asset Management Corp’s holdings in Ollie’s Bargain Outlet were worth $27,264,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Ollie’s Bargain Outlet by 489.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 230 shares of the company’s stock worth $25,000 after acquiring an additional 191 shares in the last quarter. Wilmington Savings Fund Society FSB increased its holdings in shares of Ollie’s Bargain Outlet by 337.0% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 236 shares of the company’s stock valued at $26,000 after buying an additional 182 shares in the last quarter. Bogart Wealth LLC acquired a new stake in shares of Ollie’s Bargain Outlet during the 4th quarter valued at $26,000. Blue Trust Inc. raised its position in shares of Ollie’s Bargain Outlet by 55.2% during the fourth quarter. Blue Trust Inc. now owns 284 shares of the company’s stock worth $31,000 after purchasing an additional 101 shares during the period. Finally, Brown Brothers Harriman & Co. purchased a new stake in shares of Ollie’s Bargain Outlet during the fourth quarter valued at $33,000.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Jefferies Financial Group downgraded shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and reduced their price target for the company from $125.00 to $111.00 in a research report on Tuesday, February 4th. StockNews.com lowered shares of Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research note on Tuesday, February 4th. Loop Capital raised their price target on Ollie’s Bargain Outlet from $120.00 to $130.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. UBS Group boosted their target price on shares of Ollie’s Bargain Outlet from $117.00 to $123.00 and gave the stock a “neutral” rating in a research report on Thursday, March 20th. Finally, Piper Sandler cut their target price on 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. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $123.08.

Insider Buying and Selling at Ollie’s Bargain Outlet

In other news, CFO Robert F. Helm sold 2,139 shares of the business’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $115.74, for a total value of $247,567.86. Following the sale, the chief financial officer now owns 2,961 shares of the company’s stock, valued at $342,706.14. The trade was a 41.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman John W. Swygert sold 3,331 shares of the stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $114.60, for a total transaction of $381,732.60. Following the transaction, the chairman now owns 48,200 shares of the company’s stock, valued at approximately $5,523,720. This represents a 6.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 37,897 shares of company stock worth $4,227,970. Company insiders own 0.87% of the company’s stock.

Ollie’s Bargain Outlet Price Performance

Ollie’s Bargain Outlet stock opened at $111.95 on Friday. The business has a 50 day simple moving average of $106.89 and a 200 day simple moving average of $103.85. Ollie’s Bargain Outlet Holdings, Inc. has a one year low of $70.17 and a one year high of $120.03. The company has a market capitalization of $6.86 billion, a PE ratio of 33.42, a price-to-earnings-growth ratio of 2.21 and a beta of 0.75.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly 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 company had revenue of $667.10 million for the quarter, compared to analyst estimates of $674.61 million. During the same quarter last year, the company earned $1.23 EPS. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. Equities analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal year.

Ollie’s Bargain Outlet Company 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.