Harvest Fund Management Co. Ltd Sells 1,087 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Harvest Fund Management Co. Ltd lowered its position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 58.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 772 shares of the company’s stock after selling 1,087 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Ollie’s Bargain Outlet were worth $59,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Operose Advisors LLC purchased a new position in shares of Ollie’s Bargain Outlet in the 3rd quarter worth about $26,000. CWM LLC raised its position in shares of Ollie’s Bargain Outlet by 58.5% in the 3rd quarter. CWM LLC now owns 1,384 shares of the company’s stock worth $107,000 after purchasing an additional 511 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new position in shares of Ollie’s Bargain Outlet in the 3rd quarter worth about $181,000. Shelton Capital Management purchased a new position in Ollie’s Bargain Outlet in the 3rd quarter worth about $205,000. Finally, Keystone Financial Group purchased a new position in Ollie’s Bargain Outlet in the 3rd quarter worth about $231,000.

Insider Activity at Ollie’s Bargain Outlet

In related news, Director Thomas Hendrickson sold 5,000 shares of the stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $72.29, for a total transaction of $361,450.00. Following the sale, the director now owns 5,659 shares in the company, valued at approximately $409,089.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Ollie’s Bargain Outlet news, CEO John W. Swygert sold 11,756 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $75.22, for a total value of $884,286.32. Following the transaction, the chief executive officer now owns 48,200 shares of the company’s stock, valued at approximately $3,625,604. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Thomas Hendrickson sold 5,000 shares of the company’s stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $72.29, for a total value of $361,450.00. Following the completion of the transaction, the director now directly owns 5,659 shares in the company, valued at approximately $409,089.11. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 27,171 shares of company stock worth $2,084,338. Company insiders own 0.86% of the company’s stock.

Ollie’s Bargain Outlet Trading Down 0.5 %

NASDAQ OLLI opened at $74.35 on Friday. The stock has a market cap of $4.56 billion, a PE ratio of 25.46 and a beta of 0.76. Ollie’s Bargain Outlet Holdings, Inc. has a 12 month low of $52.93 and a 12 month high of $84.38. The stock’s 50 day moving average is $75.84 and its 200 day moving average is $75.10.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings data on Wednesday, March 20th. The company reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.07. The business had revenue of $648.90 million for the quarter, compared to analysts’ expectations of $649.39 million. Ollie’s Bargain Outlet had a return on equity of 12.55% and a net margin of 8.63%. The company’s revenue for the quarter was up 18.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.84 EPS. On average, analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.19 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on OLLI. Loop Capital raised Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and boosted their target price for the stock from $80.00 to $90.00 in a research report on Friday, April 5th. The Goldman Sachs Group boosted their price target on Ollie’s Bargain Outlet from $91.00 to $104.00 and gave the company a “buy” rating in a research note on Thursday, March 21st. Truist Financial boosted their price target on Ollie’s Bargain Outlet from $78.00 to $80.00 and gave the company a “hold” rating in a research note on Thursday, March 21st. JPMorgan Chase & Co. cut their price objective on Ollie’s Bargain Outlet from $88.00 to $85.00 and set a “neutral” rating for the company in a research note on Thursday, March 21st. Finally, Craig Hallum boosted their price objective on Ollie’s Bargain Outlet from $98.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, March 21st. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $84.92.

Ollie’s Bargain Outlet Profile

Ollie's Bargain Outlet Holdings, Inc operates as a retailer of brand name merchandise in the United States. The company offers housewares, bed and bath, food, floor coverings, health and beauty aids, books and stationery, toys, and electronics; and other products, including hardware, candy, clothing, sporting goods, pet and lawn, and garden products.