Victory Capital Management Inc. grew its position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI – Free Report) by 2.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,140 shares of the company’s stock after purchasing an additional 404 shares during the quarter. Victory Capital Management Inc.’s holdings in Ollie’s Bargain Outlet were worth $1,225,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Wellington Management Group LLP increased its stake in Ollie’s Bargain Outlet by 141.5% in the third quarter. Wellington Management Group LLP now owns 1,075,882 shares of the company’s stock valued at $83,037,000 after purchasing an additional 630,298 shares in the last quarter. Invesco Ltd. raised its position in shares of Ollie’s Bargain Outlet by 76.1% during the third quarter. Invesco Ltd. now owns 831,522 shares of the company’s stock worth $64,177,000 after purchasing an additional 359,371 shares during the period. AQR Capital Management LLC grew its position in Ollie’s Bargain Outlet by 334.7% in the 3rd quarter. AQR Capital Management LLC now owns 305,060 shares of the company’s stock valued at $23,444,000 after purchasing an additional 234,886 shares during the period. Jennison Associates LLC bought a new stake in Ollie’s Bargain Outlet during the 4th quarter valued at $10,498,000. Finally, Lisanti Capital Growth LLC raised its holdings in shares of Ollie’s Bargain Outlet by 296.5% in the 3rd quarter. Lisanti Capital Growth LLC now owns 110,255 shares of the company’s stock worth $8,509,000 after acquiring an additional 82,445 shares during the last quarter.
Insider Transactions at Ollie’s Bargain Outlet
In related news, CFO Robert F. Helm sold 2,317 shares of Ollie’s Bargain Outlet stock in a transaction on Monday, March 25th. The shares were sold at an average price of $78.14, for a total value of $181,050.38. Following the transaction, the chief financial officer now owns 1,777 shares in the company, valued at approximately $138,854.78. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO John W. Swygert sold 11,756 shares of the 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 completion of the sale, the chief executive officer now 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 accessible through the SEC website. Also, CFO Robert F. Helm sold 2,317 shares of the stock in a transaction on Monday, March 25th. The shares were sold at an average price of $78.14, for a total transaction of $181,050.38. Following the sale, the chief financial officer now directly owns 1,777 shares of the company’s stock, valued at approximately $138,854.78. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,341 shares of company stock worth $2,097,938. 0.87% of the stock is currently owned by insiders.
Ollie’s Bargain Outlet Trading Down 0.2 %
OLLI stock opened at $73.36 on Monday. Ollie’s Bargain Outlet Holdings, Inc. has a 1-year low of $52.93 and a 1-year high of $84.38. The stock has a market cap of $4.50 billion, a price-to-earnings ratio of 25.12, a price-to-earnings-growth ratio of 2.22 and a beta of 0.76. The company’s 50 day moving average is $74.72 and its 200 day moving average is $75.20.
Ollie’s Bargain Outlet (NASDAQ:OLLI – Get Free Report) last posted its quarterly earnings data on Wednesday, March 20th. The company reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.07. Ollie’s Bargain Outlet had a net margin of 8.63% and a return on equity of 12.55%. The company had revenue of $648.90 million during the quarter, compared to the consensus estimate of $649.39 million. During the same period in the previous year, the firm posted $0.84 EPS. The firm’s revenue was up 18.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.19 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several analysts have recently commented on the stock. Loop Capital upgraded shares of Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and increased their target price for the company from $80.00 to $90.00 in a report on Friday, April 5th. Truist Financial raised Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and upped their target price for the company from $80.00 to $86.00 in a report on Friday, May 3rd. JPMorgan Chase & Co. dropped their price target on Ollie’s Bargain Outlet from $88.00 to $85.00 and set a “neutral” rating on the stock in a report on Thursday, March 21st. Craig Hallum lifted their target price on Ollie’s Bargain Outlet from $98.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, March 21st. Finally, The Goldman Sachs Group increased their target price on shares of Ollie’s Bargain Outlet from $91.00 to $104.00 and gave the company a “buy” rating in a research report on Thursday, March 21st. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $87.08.
Get Our Latest Stock Report on OLLI
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.
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