CIBC Private Wealth Group LLC Has $105,000 Stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

CIBC Private Wealth Group LLC reduced its stake in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 46.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,005 shares of the company’s stock after selling 862 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Ollie’s Bargain Outlet were worth $105,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Corient Private Wealth LLC increased its holdings in shares of Ollie’s Bargain Outlet by 86.2% during the fourth quarter. Corient Private Wealth LLC now owns 8,438 shares of the company’s stock worth $926,000 after buying an additional 3,906 shares in the last quarter. Oak Thistle LLC acquired a new stake in Ollie’s Bargain Outlet during the 4th quarter valued at $1,345,000. JPMorgan Chase & Co. raised its position in Ollie’s Bargain Outlet by 79.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 189,301 shares of the company’s stock valued at $18,400,000 after purchasing an additional 83,882 shares during the last quarter. Van ECK Associates Corp boosted its stake in Ollie’s Bargain Outlet by 36.5% in the fourth quarter. Van ECK Associates Corp now owns 46,659 shares of the company’s stock worth $5,120,000 after purchasing an additional 12,476 shares in the last quarter. Finally, Harbor Capital Advisors Inc. bought a new stake in shares of Ollie’s Bargain Outlet during the fourth quarter worth $2,049,000.

Analyst Ratings Changes

A number of research firms recently issued reports on OLLI. Jefferies Financial Group cut Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and cut their price target for the company from $125.00 to $111.00 in a report on Tuesday, February 4th. Craig Hallum boosted their target price on shares of Ollie’s Bargain Outlet from $107.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Bank of America increased their price target on shares of Ollie’s Bargain Outlet from $115.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Citigroup upgraded Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and increased their price objective for the company from $64.00 to $133.00 in a research report on Wednesday, December 18th. Finally, Morgan Stanley upped their price target on Ollie’s Bargain Outlet from $108.00 to $118.00 and gave the company an “equal weight” rating in a research note on Thursday, March 20th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $123.08.

Insider Buying and Selling at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, CEO Der Valk Eric Van sold 1,153 shares of the company’s stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $110.85, for a total transaction of $127,810.05. Following the completion of the transaction, the chief executive officer now owns 6,768 shares of the company’s stock, valued at $750,232.80. This represents a 14.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robert Fisch sold 6,250 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $108.08, for a total transaction of $675,500.00. Following the completion of the sale, the director now owns 22,159 shares in the company, valued at $2,394,944.72. This trade represents a 22.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 34,254 shares of company stock valued at $3,812,800 in the last 90 days. 0.87% of the stock is currently owned by company insiders.

Ollie’s Bargain Outlet Stock Performance

Shares of OLLI opened at $108.07 on Tuesday. The firm has a market capitalization of $6.62 billion, a PE ratio of 32.26, a P/E/G ratio of 2.21 and a beta of 0.75. The stock has a 50 day simple moving average of $106.32 and a 200 day simple moving average of $103.03. Ollie’s Bargain Outlet Holdings, Inc. has a 52-week low of $70.17 and a 52-week high of $120.03.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings data on Wednesday, March 19th. The company reported $1.19 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm’s revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the company earned $1.23 EPS. Equities research analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

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.