B. Metzler seel. Sohn & Co. AG Sells 3,731 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

B. Metzler seel. Sohn & Co. AG lessened its holdings in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 9.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,050 shares of the company’s stock after selling 3,731 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in Ollie’s Bargain Outlet were worth $3,956,000 at the end of the most recent quarter.

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

Insider Buying and Selling at Ollie’s Bargain Outlet

In other news, Chairman John W. Swygert sold 5,232 shares of the company’s stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $112.51, for a total value of $588,652.32. Following the transaction, the chairman now owns 48,200 shares of the company’s stock, valued at approximately $5,422,982. This represents a 9.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Robert F. Helm sold 2,145 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $108.50, for a total value of $232,732.50. Following the sale, the chief financial officer now directly owns 3,888 shares of the company’s stock, valued at approximately $421,848. The trade was a 35.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 20,153 shares of company stock valued at $2,200,844 in the last three months. 0.87% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Piper Sandler dropped their target price on Ollie’s Bargain Outlet from $126.00 to $124.00 and set an “overweight” rating on the stock in a research report on Thursday, March 20th. Bank of America boosted 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. Morgan Stanley raised 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. Jefferies Financial Group cut shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and cut their price target for the stock from $125.00 to $111.00 in a research report on Tuesday, February 4th. Finally, Wells Fargo & Company raised their price objective on Ollie’s Bargain Outlet from $95.00 to $105.00 and gave the company an “equal weight” rating in a report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $123.08.

Ollie’s Bargain Outlet Stock Up 2.8 %

OLLI opened at $116.36 on Tuesday. The stock has a market cap of $7.13 billion, a price-to-earnings ratio of 34.73, a PEG ratio of 2.21 and a beta of 0.83. Ollie’s Bargain Outlet Holdings, Inc. has a 12-month low of $68.05 and a 12-month high of $120.03. The business has a 50 day moving average of $106.15 and a 200-day moving average of $102.48.

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

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.