5,893 Shares in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Acquired by Kapitalo Investimentos Ltda

Kapitalo Investimentos Ltda purchased a new position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 5,893 shares of the company’s stock, valued at approximately $447,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Operose Advisors LLC bought a new stake in Ollie’s Bargain Outlet during the 3rd quarter valued at $26,000. Partnership Wealth Management LLC purchased a new position in shares of Ollie’s Bargain Outlet during the 4th quarter valued at $68,000. CWM LLC grew its position in shares of Ollie’s Bargain Outlet by 25.8% during the 4th quarter. CWM LLC now owns 1,741 shares of the company’s stock valued at $132,000 after purchasing an additional 357 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new position in shares of Ollie’s Bargain Outlet during the 3rd quarter valued at $181,000. Finally, Shelton Capital Management purchased a new position in Ollie’s Bargain Outlet in the third quarter worth $205,000.

Insider Activity

In other news, CEO John W. Swygert sold 11,756 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $75.22, for a total transaction of $884,286.32. Following the completion of the transaction, the chief executive officer now directly owns 48,200 shares of the company’s stock, valued at $3,625,604. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO John W. Swygert sold 11,756 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $75.22, for a total value of $884,286.32. Following the completion of the transaction, the chief executive officer now directly owns 48,200 shares of the company’s stock, valued at $3,625,604. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Robert F. Helm sold 2,317 shares of the stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $78.14, for a total transaction of $181,050.38. Following the completion of the transaction, the chief financial officer now directly owns 1,777 shares of the company’s stock, valued at $138,854.78. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 50,055 shares of company stock valued at $4,083,045. Insiders own 0.87% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on OLLI. Royal Bank of Canada upped their target price on shares of Ollie’s Bargain Outlet from $86.00 to $101.00 and gave the stock an “outperform” rating in a research report on Thursday, June 6th. Craig Hallum upped their target price on shares of Ollie’s Bargain Outlet from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Thursday, June 6th. Wells Fargo & Company upped their target price on shares of Ollie’s Bargain Outlet from $85.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, June 6th. Morgan Stanley upped their target price on shares of Ollie’s Bargain Outlet from $80.00 to $92.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 6th. Finally, Loop Capital boosted their price target on shares of Ollie’s Bargain Outlet from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, June 6th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $100.09.

Ollie’s Bargain Outlet Trading Up 2.1 %

Shares of NASDAQ:OLLI opened at $98.04 on Wednesday. The company has a market cap of $6.00 billion, a price-to-earnings ratio of 30.93, a price-to-earnings-growth ratio of 2.57 and a beta of 0.82. The company has a 50-day moving average price of $77.98 and a 200-day moving average price of $75.92. Ollie’s Bargain Outlet Holdings, Inc. has a 12 month low of $57.31 and a 12 month high of $99.67.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings data on Wednesday, June 5th. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.65 by $0.08. The firm had revenue of $508.82 million during the quarter, compared to the consensus estimate of $506.49 million. Ollie’s Bargain Outlet had a net margin of 9.14% and a return on equity of 13.22%. The company’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.49 earnings per share. As a group, research analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.31 EPS for the current fiscal year.

Ollie’s Bargain Outlet Company 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.