Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Shares Sold by Picton Mahoney Asset Management

Picton Mahoney Asset Management reduced its position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 4.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 61,465 shares of the company’s stock after selling 3,179 shares during the quarter. Picton Mahoney Asset Management’s holdings in Ollie’s Bargain Outlet were worth $6,745,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of OLLI. Janney Montgomery Scott LLC boosted its stake in shares of Ollie’s Bargain Outlet by 5.2% during the 3rd quarter. Janney Montgomery Scott LLC now owns 8,122 shares of the company’s stock worth $789,000 after purchasing an additional 402 shares during the last quarter. Crossmark Global Holdings Inc. boosted its stake in shares of Ollie’s Bargain Outlet by 10.0% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 4,406 shares of the company’s stock worth $428,000 after purchasing an additional 400 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Ollie’s Bargain Outlet by 84.8% during the 3rd quarter. Victory Capital Management Inc. now owns 313,836 shares of the company’s stock worth $30,505,000 after acquiring an additional 143,996 shares during the period. Oppenheimer Asset Management Inc. lifted its holdings in shares of Ollie’s Bargain Outlet by 8.2% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 39,673 shares of the company’s stock worth $3,856,000 after acquiring an additional 3,008 shares during the period. Finally, Royce & Associates LP lifted its holdings in shares of Ollie’s Bargain Outlet by 161.6% during the 3rd quarter. Royce & Associates LP now owns 75,605 shares of the company’s stock worth $7,349,000 after acquiring an additional 46,706 shares during the period.

Ollie’s Bargain Outlet Trading Up 1.2 %

OLLI stock opened at $102.49 on Friday. The company has a market capitalization of $6.28 billion, a P/E ratio of 30.59, a PEG ratio of 2.21 and a beta of 0.83. The firm has a 50 day simple moving average of $105.21 and a 200-day simple moving average of $101.10. Ollie’s Bargain Outlet Holdings, Inc. has a twelve month low of $68.05 and a twelve month high of $120.03.

Analyst Ratings Changes

Several brokerages have recently weighed in on OLLI. Craig Hallum increased their price objective on shares of Ollie’s Bargain Outlet from $107.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Jefferies Financial Group lowered shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and cut their price objective for the stock from $125.00 to $111.00 in a report on Tuesday, February 4th. JPMorgan Chase & Co. raised their price target 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. Loop Capital raised 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 report on Monday, December 23rd. Finally, StockNews.com lowered shares of Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $118.29.

Insiders Place Their Bets

In other Ollie’s Bargain Outlet news, SVP Larry Kraus sold 10,646 shares of Ollie’s Bargain Outlet stock in a transaction on Monday, December 16th. The shares were sold at an average price of $115.58, for a total value of $1,230,464.68. Following the completion of the transaction, the senior vice president now owns 1,905 shares of the company’s stock, 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 SEC, which is available through this link. Also, Director Thomas Hendrickson sold 6,250 shares of Ollie’s Bargain Outlet stock in a transaction on Monday, December 16th. The stock was sold at an average price of $114.74, for a total transaction of $717,125.00. The disclosure for this sale can be found here. 0.87% of the stock is currently owned by corporate insiders.

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.