Deutsche Bank AG Purchases 12,308 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Deutsche Bank AG lifted its stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 253.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,168 shares of the company’s stock after buying an additional 12,308 shares during the period. Deutsche Bank AG’s holdings in Ollie’s Bargain Outlet were worth $1,884,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Legacy Capital Wealth Partners LLC increased its position in shares of Ollie’s Bargain Outlet by 3.4% during the fourth quarter. Legacy Capital Wealth Partners LLC now owns 2,834 shares of the company’s stock valued at $311,000 after buying an additional 94 shares during the period. Coldstream Capital Management Inc. boosted its stake in shares of Ollie’s Bargain Outlet by 3.4% in the 4th quarter. Coldstream Capital Management Inc. now owns 2,912 shares of the company’s stock worth $320,000 after buying an additional 97 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Ollie’s Bargain Outlet by 55.2% in the 4th quarter. Blue Trust Inc. now owns 284 shares of the company’s stock worth $31,000 after purchasing an additional 101 shares during the period. UMB Bank n.a. lifted its position in Ollie’s Bargain Outlet by 25.3% during the fourth quarter. UMB Bank n.a. now owns 545 shares of the company’s stock valued at $60,000 after purchasing an additional 110 shares in the last quarter. Finally, Precision Wealth Strategies LLC raised its stake in Ollie’s Bargain Outlet by 3.2% during the 4th quarter. Precision Wealth Strategies LLC now owns 3,889 shares of the company’s stock worth $427,000 after acquiring an additional 119 shares during the period.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on OLLI shares. JPMorgan Chase & Co. lifted their price target on shares of Ollie’s Bargain Outlet from $135.00 to $137.00 and gave the company an “overweight” rating in a report on Monday, May 19th. UBS Group boosted their price target on Ollie’s Bargain Outlet from $117.00 to $123.00 and gave the company a “neutral” rating in a report on Thursday, March 20th. Royal Bank of Canada lifted their price target on Ollie’s Bargain Outlet from $130.00 to $133.00 and gave the company an “outperform” rating in a report on Friday, March 7th. KeyCorp increased their price objective on Ollie’s Bargain Outlet from $125.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday. Finally, Wall Street Zen raised Ollie’s Bargain Outlet from a “sell” rating to a “hold” rating in a research report on Tuesday, May 13th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $124.07.

Ollie’s Bargain Outlet Price Performance

Shares of OLLI stock opened at $110.88 on Friday. The stock has a 50 day simple moving average of $111.03 and a 200-day simple moving average of $106.85. Ollie’s Bargain Outlet Holdings, Inc. has a 1-year low of $75.67 and a 1-year high of $122.15. The company has a market cap of $6.81 billion, a price-to-earnings ratio of 33.10, a PEG ratio of 2.21 and a beta of 0.45.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings results on Wednesday, March 19th. The company reported $1.19 earnings per share 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 analyst estimates 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 revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.23 earnings per share. Analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal year.

Insider Buying and Selling at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, CFO Robert F. Helm sold 2,139 shares of the business’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $115.74, for a total value of $247,567.86. Following the sale, the chief financial officer now owns 2,961 shares of the company’s stock, valued at $342,706.14. The trade was a 41.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Der Valk Eric Van sold 1,153 shares of the stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $110.85, for a total transaction of $127,810.05. Following the sale, the chief executive officer now directly owns 6,768 shares in the company, valued at $750,232.80. This represents a 14.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 37,897 shares of company stock worth $4,227,970 in the last ninety days. 0.75% of the stock is owned by insiders.

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.