Emerald Advisers LLC Acquires 37,893 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Emerald Advisers LLC raised its stake in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 17.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 257,297 shares of the company’s stock after acquiring an additional 37,893 shares during the quarter. Emerald Advisers LLC’s holdings in Ollie’s Bargain Outlet were worth $25,009,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Capital Research Global Investors bought a new position in shares of Ollie’s Bargain Outlet during the 1st quarter worth approximately $136,978,000. D. E. Shaw & Co. Inc. boosted its holdings in Ollie’s Bargain Outlet by 953.2% in the second quarter. D. E. Shaw & Co. Inc. now owns 566,738 shares of the company’s stock worth $55,637,000 after acquiring an additional 512,928 shares in the last quarter. Los Angeles Capital Management LLC lifted its stake in shares of Ollie’s Bargain Outlet by 199.3% during the second quarter. Los Angeles Capital Management LLC now owns 560,054 shares of the company’s stock worth $54,981,000 after buying an additional 372,914 shares during the period. Vanguard Group Inc. grew its holdings in shares of Ollie’s Bargain Outlet by 6.2% during the first quarter. Vanguard Group Inc. now owns 5,882,908 shares of the company’s stock valued at $468,103,000 after buying an additional 343,903 shares during the last quarter. Finally, F M Investments LLC purchased a new position in Ollie’s Bargain Outlet during the 2nd quarter worth approximately $13,852,000.

Insider Transactions at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, President Der Valk Eric Van sold 7,479 shares of the stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $100.32, for a total value of $750,293.28. Following the completion of the sale, the president now owns 5,615 shares in the company, valued at approximately $563,296.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Robert F. Helm sold 2,401 shares of the company’s stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $94.68, for a total value of $227,326.68. Following the completion of the sale, the chief financial officer now owns 2,021 shares of the company’s stock, valued at approximately $191,348.28. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, President Der Valk Eric Van sold 7,479 shares of the firm’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $100.32, for a total transaction of $750,293.28. Following the sale, the president now owns 5,615 shares of the company’s stock, valued at approximately $563,296.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 24,880 shares of company stock valued at $2,462,470 over the last ninety days. Insiders own 0.87% of the company’s stock.

Ollie’s Bargain Outlet Trading Up 1.3 %

OLLI traded up $1.15 during midday trading on Friday, hitting $92.98. 766,234 shares of the company traded hands, compared to its average volume of 958,457. The company has a market capitalization of $5.70 billion, a price-to-earnings ratio of 28.35, a PEG ratio of 2.28 and a beta of 0.84. The business has a 50 day simple moving average of $94.40 and a two-hundred day simple moving average of $90.38. Ollie’s Bargain Outlet Holdings, Inc. has a 52-week low of $68.05 and a 52-week high of $104.98.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings results on Thursday, August 29th. The company reported $0.78 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.78. Ollie’s Bargain Outlet had a net margin of 9.19% and a return on equity of 13.27%. The firm had revenue of $578.38 million for the quarter, compared to analyst estimates of $561.60 million. During the same period last year, the company posted $0.67 EPS. Ollie’s Bargain Outlet’s quarterly revenue was up 12.4% compared to the same quarter last year. Equities research analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.28 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on OLLI. UBS Group boosted their target price on shares of Ollie’s Bargain Outlet from $97.00 to $99.00 and gave the company a “neutral” rating in a research report on Friday, August 30th. Loop Capital reiterated a “buy” rating and set a $110.00 price target on shares of Ollie’s Bargain Outlet in a research report on Friday, September 20th. StockNews.com cut shares of Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research note on Tuesday, October 22nd. Royal Bank of Canada lifted their target price on shares of Ollie’s Bargain Outlet from $100.00 to $106.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. Finally, Piper Sandler reissued an “overweight” rating and set a $107.00 price target on shares of Ollie’s Bargain Outlet in a report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, Ollie’s Bargain Outlet currently has an average rating of “Moderate Buy” and a consensus price target of $104.92.

About Ollie’s Bargain Outlet

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.