Pembroke Management LTD Increases Position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Pembroke Management LTD raised its holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 33.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 119,078 shares of the company’s stock after acquiring an additional 29,902 shares during the period. Ollie’s Bargain Outlet makes up approximately 1.7% of Pembroke Management LTD’s investment portfolio, making the stock its 26th largest position. Pembroke Management LTD’s holdings in Ollie’s Bargain Outlet were worth $13,066,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Congress Asset Management Co. raised its holdings in shares of Ollie’s Bargain Outlet by 181.6% during the 4th quarter. Congress Asset Management Co. now owns 1,916,584 shares of the company’s stock worth $210,307,000 after acquiring an additional 1,235,994 shares during the period. Stephens Investment Management Group LLC purchased a new position in Ollie’s Bargain Outlet during the fourth quarter worth about $78,356,000. Holocene Advisors LP grew its stake in shares of Ollie’s Bargain Outlet by 10,159.3% in the 3rd quarter. Holocene Advisors LP now owns 471,413 shares of the company’s stock valued at $45,821,000 after buying an additional 466,818 shares during the period. Wellington Management Group LLP increased its holdings in shares of Ollie’s Bargain Outlet by 155.8% during the 3rd quarter. Wellington Management Group LLP now owns 483,044 shares of the company’s stock worth $46,952,000 after buying an additional 294,217 shares during the last quarter. Finally, Loomis Sayles & Co. L P purchased a new stake in shares of Ollie’s Bargain Outlet during the 3rd quarter valued at approximately $16,590,000.

Insider Buying and Selling

In related news, SVP Larry Kraus sold 10,646 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $115.58, for a total transaction of $1,230,464.68. Following the completion of the sale, the senior vice president now owns 1,905 shares in the company, valued at $220,179.90. The trade was a 84.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John W. Swygert sold 4,032 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $102.51, for a total transaction of $413,320.32. Following the completion of the transaction, the chief executive officer now owns 48,200 shares in the company, valued at $4,940,982. This represents a 7.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 87,771 shares of company stock worth $9,650,832. Corporate insiders own 0.87% of the company’s stock.

Ollie’s Bargain Outlet Stock Performance

Shares of OLLI opened at $108.35 on Tuesday. The stock has a 50-day simple moving average of $109.71 and a 200-day simple moving average of $100.08. Ollie’s Bargain Outlet Holdings, Inc. has a 1 year low of $68.05 and a 1 year high of $120.03. The stock has a market capitalization of $6.64 billion, a PE ratio of 32.34, a PEG ratio of 2.33 and a beta of 0.81.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings results on Tuesday, December 10th. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. Ollie’s Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. The company had revenue of $517.43 million during the quarter, compared to the consensus estimate of $518.83 million. During the same quarter in the previous year, the firm earned $0.51 earnings per share. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. Analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

Analyst Ratings Changes

A number of research firms have commented on OLLI. StockNews.com downgraded Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research report on Tuesday, February 4th. JPMorgan Chase & Co. boosted their price objective on shares of Ollie’s Bargain Outlet from $105.00 to $135.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $130.00 target price on shares of Ollie’s Bargain Outlet in a research note on Monday, December 23rd. Loop Capital boosted 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 note on Monday, December 23rd. Finally, Bank of America increased their price objective on shares of Ollie’s Bargain Outlet from $115.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $118.07.

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.