Kornitzer Capital Management Inc. KS Has $9.84 Million Holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Kornitzer Capital Management Inc. KS trimmed its holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 8.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 129,590 shares of the company’s stock after selling 11,620 shares during the period. Kornitzer Capital Management Inc. KS owned 0.21% of Ollie’s Bargain Outlet worth $9,835,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Raymond James & Associates grew its holdings in shares of Ollie’s Bargain Outlet by 3.6% during the 1st quarter. Raymond James & Associates now owns 95,209 shares of the company’s stock worth $4,090,000 after purchasing an additional 3,348 shares in the last quarter. Cetera Advisor Networks LLC bought a new position in Ollie’s Bargain Outlet in the 1st quarter valued at about $263,000. MetLife Investment Management LLC increased its holdings in Ollie’s Bargain Outlet by 29.7% in the 1st quarter. MetLife Investment Management LLC now owns 38,049 shares of the company’s stock valued at $1,635,000 after buying an additional 8,723 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Ollie’s Bargain Outlet by 7.2% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,515 shares of the company’s stock valued at $924,000 after buying an additional 1,451 shares in the last quarter. Finally, Great West Life Assurance Co. Can lifted its holdings in shares of Ollie’s Bargain Outlet by 3.5% during the 1st quarter. Great West Life Assurance Co. Can now owns 31,651 shares of the company’s stock worth $1,398,000 after acquiring an additional 1,081 shares during the period.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on OLLI. Royal Bank of Canada reiterated an “outperform” rating and issued a $86.00 target price on shares of Ollie’s Bargain Outlet in a research report on Thursday, March 21st. Craig Hallum upped their price objective on Ollie’s Bargain Outlet from $98.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, March 21st. JPMorgan Chase & Co. dropped their price objective on shares of Ollie’s Bargain Outlet from $88.00 to $85.00 and set a “neutral” rating for the company in a report on Thursday, March 21st. The Goldman Sachs Group boosted their target price on shares of Ollie’s Bargain Outlet from $91.00 to $104.00 and gave the stock a “buy” rating in a report on Thursday, March 21st. Finally, Truist Financial raised their price target on shares of Ollie’s Bargain Outlet from $78.00 to $80.00 and gave the company a “hold” rating in a research note on Thursday, March 21st. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Ollie’s Bargain Outlet has a consensus rating of “Moderate Buy” and a consensus target price of $84.92.

Insider Buying and Selling

In other news, CEO John W. Swygert sold 11,756 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $75.22, for a total transaction of $884,286.32. Following 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 Securities & Exchange Commission, which is available through the SEC website. In other news, CEO John W. Swygert sold 11,756 shares of the business’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 sale, 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 at this hyperlink. Also, VP Larry Kraus sold 2,928 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $79.00, for a total transaction of $231,312.00. Following the completion of the transaction, the vice president now directly owns 1,905 shares in the company, valued at approximately $150,495. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,171 shares of company stock valued at $1,722,888. 0.86% of the stock is owned by company insiders.

Ollie’s Bargain Outlet Stock Performance

Shares of OLLI stock traded up $0.92 during mid-day trading on Friday, hitting $73.21. The company’s stock had a trading volume of 711,395 shares, compared to its average volume of 1,040,161. Ollie’s Bargain Outlet Holdings, Inc. has a 52 week low of $52.93 and a 52 week high of $84.38. The company’s fifty day simple moving average is $76.07 and its 200-day simple moving average is $75.09. The company has a market cap of $4.49 billion, a PE ratio of 25.07 and a beta of 0.76.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings results on Wednesday, March 20th. The company reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.07. The business had revenue of $648.90 million during the quarter, compared to analysts’ expectations of $649.39 million. Ollie’s Bargain Outlet had a net margin of 8.63% and a return on equity of 12.55%. The business’s quarterly revenue was up 18.0% on a year-over-year basis. During the same period last year, the company posted $0.84 earnings per share. On average, equities analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.19 earnings per share for the current 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.