Los Angeles Capital Management LLC Has $14.89 Million Stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Los Angeles Capital Management LLC boosted its holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 6,328.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 187,140 shares of the company’s stock after buying an additional 184,229 shares during the period. Los Angeles Capital Management LLC owned approximately 0.30% of Ollie’s Bargain Outlet worth $14,891,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Moran Wealth Management LLC bought a new position in Ollie’s Bargain Outlet in the fourth quarter valued at approximately $10,686,000. AGF Management Ltd. acquired a new stake in shares of Ollie’s Bargain Outlet during the fourth quarter worth $2,835,000. Louisiana State Employees Retirement System acquired a new stake in shares of Ollie’s Bargain Outlet during the fourth quarter worth $1,313,000. Envestnet Asset Management Inc. raised its holdings in shares of Ollie’s Bargain Outlet by 38.9% during the third quarter. Envestnet Asset Management Inc. now owns 145,618 shares of the company’s stock worth $11,239,000 after acquiring an additional 40,819 shares during the period. Finally, Wells Fargo & Company MN raised its holdings in shares of Ollie’s Bargain Outlet by 8.2% during the fourth quarter. Wells Fargo & Company MN now owns 200,720 shares of the company’s stock worth $15,233,000 after acquiring an additional 15,187 shares during the period.

Wall Street Analyst Weigh In

OLLI has been the topic of a number of research analyst reports. Bank of America raised their price objective on shares of Ollie’s Bargain Outlet from $92.00 to $102.00 and gave the stock a “buy” rating in a report on Thursday, June 6th. The Goldman Sachs Group raised their price objective 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. Wells Fargo & Company raised their target price on shares of Ollie’s Bargain Outlet from $85.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday, June 6th. Craig Hallum raised their target price on shares of Ollie’s Bargain Outlet from $100.00 to $105.00 and gave the company a “buy” rating in a research report on Thursday, June 6th. Finally, Morgan Stanley raised their target price on shares of Ollie’s Bargain Outlet from $80.00 to $92.00 and gave the company an “equal weight” rating in a research report on Thursday, June 6th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $100.09.

Ollie’s Bargain Outlet Price Performance

Shares of OLLI opened at $98.04 on Thursday. The firm has a 50-day moving average of $78.49 and a 200-day moving average of $76.08. Ollie’s Bargain Outlet Holdings, Inc. has a one year low of $57.31 and a one year high of $99.67. The company has a market cap of $6.00 billion, a PE ratio of 30.93, a price-to-earnings-growth ratio of 2.62 and a beta of 0.82.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings data on Wednesday, June 5th. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.08. Ollie’s Bargain Outlet had a net margin of 9.14% and a return on equity of 13.22%. The company had revenue of $508.82 million during the quarter, compared to the consensus estimate of $506.49 million. During the same quarter last year, the firm posted $0.49 EPS. The company’s quarterly revenue was up 10.8% on a year-over-year basis. Analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.31 earnings per share for the current year.

Insider Activity

In related news, CEO John W. Swygert sold 11,756 shares of Ollie’s Bargain Outlet 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 owns 48,200 shares of the company’s stock, valued at approximately $3,625,604. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO John W. Swygert sold 11,756 shares of Ollie’s Bargain Outlet 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 owns 48,200 shares of the company’s stock, valued at approximately $3,625,604. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, President Der Valk Eric Van sold 1,438 shares of Ollie’s Bargain Outlet stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $90.00, for a total transaction of $129,420.00. Following the sale, the president now directly owns 4,158 shares of the company’s stock, valued at approximately $374,220. The disclosure for this sale can be found here. Insiders sold a total of 50,055 shares of company stock valued at $4,083,045 in the last quarter. Company insiders own 0.87% of the company’s stock.

Ollie’s Bargain Outlet 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.