ExodusPoint Capital Management LP Buys Shares of 6,376 Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

ExodusPoint Capital Management LP purchased a new stake in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 6,376 shares of the company’s stock, valued at approximately $700,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Congress Asset Management Co. raised its holdings in shares of Ollie’s Bargain Outlet by 181.6% in the 4th quarter. Congress Asset Management Co. now owns 1,916,584 shares of the company’s stock valued at $210,307,000 after purchasing an additional 1,235,994 shares in the last quarter. Norges Bank bought a new position in Ollie’s Bargain Outlet in the fourth quarter worth approximately $80,741,000. Stephens Investment Management Group LLC purchased a new stake in Ollie’s Bargain Outlet during the fourth quarter worth $78,356,000. Raymond James Financial Inc. bought a new stake in Ollie’s Bargain Outlet during the 4th quarter valued at $48,633,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of Ollie’s Bargain Outlet by 130.5% in the 4th quarter. JPMorgan Chase & Co. now owns 436,366 shares of the company’s stock valued at $47,882,000 after acquiring an additional 247,065 shares during the period.

Ollie’s Bargain Outlet Stock Up 1.0 %

Shares of NASDAQ:OLLI opened at $114.42 on Friday. Ollie’s Bargain Outlet Holdings, Inc. has a 52-week low of $70.17 and a 52-week high of $120.03. The stock has a market cap of $7.01 billion, a price-to-earnings ratio of 34.16, a PEG ratio of 2.21 and a beta of 0.75. The business has a 50-day moving average price of $106.14 and a 200-day moving average price of $103.35.

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

Insider Buying and Selling at Ollie’s Bargain Outlet

In other news, Director Robert Fisch sold 6,250 shares of the company’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $108.08, for a total value of $675,500.00. Following the sale, the director now owns 22,159 shares in the company, valued at $2,394,944.72. This represents a 22.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Robert F. Helm sold 312 shares of the firm’s stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $107.17, for a total value of $33,437.04. Following the sale, the chief financial officer now directly owns 3,273 shares in the company, valued at approximately $350,767.41. This trade represents a 8.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 37,897 shares of company stock valued at $4,227,970. 0.87% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Royal Bank of Canada lifted their target price on Ollie’s Bargain Outlet from $130.00 to $133.00 and gave the company an “outperform” rating in a research note on Friday, March 7th. Morgan Stanley boosted their price objective on shares of Ollie’s Bargain Outlet from $108.00 to $118.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 20th. Loop Capital raised their target price 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. UBS Group upped their price target on Ollie’s Bargain Outlet from $117.00 to $123.00 and gave the stock a “neutral” rating in a research report on Thursday, March 20th. Finally, StockNews.com cut Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Ollie’s Bargain Outlet presently has a consensus rating of “Moderate Buy” and an average target price of $123.08.

About Ollie’s Bargain Outlet

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.