Wallace Advisory Group LLC Takes Position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Wallace Advisory Group LLC purchased a new position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,083 shares of the company’s stock, valued at approximately $303,000.

Other institutional investors have also bought and sold shares of the company. Capital Research Global Investors bought a new position in Ollie’s Bargain Outlet during the first quarter worth about $136,978,000. D. E. Shaw & Co. Inc. boosted its holdings in Ollie’s Bargain Outlet by 953.2% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 566,738 shares of the company’s stock worth $55,637,000 after buying an additional 512,928 shares during the period. Los Angeles Capital Management LLC grew its stake in Ollie’s Bargain Outlet by 199.3% in the 2nd quarter. Los Angeles Capital Management LLC now owns 560,054 shares of the company’s stock valued at $54,981,000 after buying an additional 372,914 shares in the last quarter. Vanguard Group Inc. raised its holdings in Ollie’s Bargain Outlet by 6.2% during the 1st quarter. Vanguard Group Inc. now owns 5,882,908 shares of the company’s stock valued at $468,103,000 after acquiring an additional 343,903 shares during the period. Finally, Wasatch Advisors LP lifted its position in shares of Ollie’s Bargain Outlet by 5.2% during the fourth quarter. Wasatch Advisors LP now owns 3,761,480 shares of the company’s stock worth $285,459,000 after acquiring an additional 184,864 shares in the last quarter.

Ollie’s Bargain Outlet Stock Up 0.2 %

OLLI opened at $97.20 on Tuesday. The business’s fifty day simple moving average is $95.17 and its 200 day simple moving average is $87.31. Ollie’s Bargain Outlet Holdings, Inc. has a 52 week low of $68.05 and a 52 week high of $104.98. The stock has a market cap of $5.95 billion, a PE ratio of 30.66, a P/E/G ratio of 2.55 and a beta of 0.84.

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

Insider Transactions at Ollie’s Bargain Outlet

In related news, SVP James J. Comitale sold 2,153 shares of the stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $104.17, for a total transaction of $224,278.01. Following the transaction, the senior vice president now owns 2,732 shares of the company’s stock, valued at approximately $284,592.44. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other 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 value of $1,484,850.00. Following the completion of the sale, the senior vice president now owns 10,610 shares of the company’s stock, valued at approximately $1,050,283.90. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP James J. Comitale sold 2,153 shares of the firm’s stock in a transaction that occurred on 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 $284,592.44. The disclosure for this sale can be found here. In the last ninety days, insiders sold 24,632 shares of company stock worth $2,459,421. 0.87% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on OLLI shares. Loop Capital reiterated a “buy” rating and set a $110.00 price objective on shares of Ollie’s Bargain Outlet in a research note on Friday, September 20th. Gordon Haskett upgraded Ollie’s Bargain Outlet from an “accumulate” rating to a “buy” rating and upped their price target for the company from $105.00 to $107.00 in a research report on Monday, August 26th. Royal Bank of Canada cut their price objective on shares of Ollie’s Bargain Outlet from $101.00 to $100.00 and set an “outperform” rating for the company in a research report on Friday, August 30th. Morgan Stanley upped their target price on shares of Ollie’s Bargain Outlet from $80.00 to $92.00 and gave the stock an “equal weight” rating in a report on Thursday, June 6th. Finally, Craig Hallum raised their price target on shares of Ollie’s Bargain Outlet from $100.00 to $105.00 and gave the company a “buy” rating in a report on Thursday, June 6th. Three 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, the stock presently has an average rating of “Moderate Buy” and an average price target of $104.42.

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.