Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 6.0% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 237,267 shares of the company’s stock after buying an additional 13,460 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.39% of Ollie’s Bargain Outlet worth $23,292,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. International Assets Investment Management LLC bought a new stake in Ollie’s Bargain Outlet in the second quarter valued at $25,000. Opal Wealth Advisors LLC bought a new stake in Ollie’s Bargain Outlet in the second quarter valued at $31,000. Crewe Advisors LLC bought a new stake in Ollie’s Bargain Outlet in the second quarter valued at $36,000. ORG Partners LLC bought a new stake in Ollie’s Bargain Outlet in the first quarter valued at $28,000. Finally, Versant Capital Management Inc bought a new stake in Ollie’s Bargain Outlet in the second quarter valued at $38,000.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. StockNews.com cut shares of Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research note on Friday, August 30th. Truist Financial lifted their price objective on shares of Ollie’s Bargain Outlet from $102.00 to $109.00 and gave the company a “buy” rating in a research note on Friday, July 12th. JPMorgan Chase & Co. cut their price objective on shares of Ollie’s Bargain Outlet from $113.00 to $105.00 and set an “overweight” rating on the stock in a research note on Friday, August 30th. Gordon Haskett upgraded shares of Ollie’s Bargain Outlet from an “accumulate” rating to a “buy” rating and lifted their price objective for the company from $105.00 to $107.00 in a research note on Monday, August 26th. Finally, Wells Fargo & Company lifted their price objective on shares of Ollie’s Bargain Outlet from $85.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, June 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $103.33.

Insiders Place Their Bets

In other Ollie’s Bargain Outlet news, SVP Kevin Mclain sold 15,000 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $98.99, for a total transaction of $1,484,850.00. Following the sale, the senior vice president now owns 10,610 shares in the company, valued at approximately $1,050,283.90. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, SVP James J. Comitale sold 2,153 shares of the company’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $104.17, for a total value of $224,278.01. Following the transaction, the senior vice president now owns 2,732 shares in the company, valued at approximately $284,592.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Kevin Mclain sold 15,000 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $98.99, for a total value of $1,484,850.00. Following the completion of the transaction, the senior vice president now owns 10,610 shares in the company, valued at approximately $1,050,283.90. The disclosure for this sale can be found here. Corporate insiders own 0.87% of the company’s stock.

Ollie’s Bargain Outlet Trading Up 1.2 %

Shares of OLLI opened at $98.99 on Monday. The business’s 50-day moving average price is $95.41 and its 200 day moving average price is $86.26. The stock has a market capitalization of $6.06 billion, a P/E ratio of 31.23, a P/E/G ratio of 2.48 and a beta of 0.84. Ollie’s Bargain Outlet Holdings, Inc. has a 1-year low of $68.05 and a 1-year high of $104.98.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings data on Thursday, August 29th. The company reported $0.78 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.78. The firm had revenue of $578.38 million for the quarter, compared to the consensus estimate of $561.60 million. Ollie’s Bargain Outlet had a return on equity of 13.27% and a net margin of 9.19%. The business’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.67 EPS. On average, research analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.28 earnings per share for the current year.

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.