Sei Investments Co. Buys 108,058 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Sei Investments Co. increased its position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 52.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 315,612 shares of the company’s stock after purchasing an additional 108,058 shares during the period. Sei Investments Co. owned approximately 0.52% of Ollie’s Bargain Outlet worth $30,984,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of OLLI. Vanguard Group Inc. lifted 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 purchasing an additional 343,903 shares in the last quarter. Wasatch Advisors LP lifted its stake in Ollie’s Bargain Outlet by 4.1% during the 1st quarter. Wasatch Advisors LP now owns 3,917,575 shares of the company’s stock valued at $311,721,000 after acquiring an additional 156,095 shares during the period. Capital Research Global Investors purchased a new stake in shares of Ollie’s Bargain Outlet during the 1st quarter valued at about $136,978,000. Norges Bank bought a new stake in shares of Ollie’s Bargain Outlet in the fourth quarter worth approximately $59,215,000. Finally, American Century Companies Inc. raised its holdings in shares of Ollie’s Bargain Outlet by 5.6% during the second quarter. American Century Companies Inc. now owns 780,064 shares of the company’s stock valued at $76,579,000 after purchasing an additional 41,605 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on OLLI shares. Wells Fargo & Company increased their target price on Ollie’s Bargain Outlet from $85.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, June 6th. Morgan Stanley lifted their target price on Ollie’s Bargain Outlet from $80.00 to $92.00 and gave the company an “equal weight” rating in a research note on Thursday, June 6th. Craig Hallum raised their price objective on 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. UBS Group increased their price objective 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. Finally, Royal Bank of Canada decreased their price target on Ollie’s Bargain Outlet from $101.00 to $100.00 and set an “outperform” rating on the stock in a report on Friday, August 30th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $103.33.

Insider Activity

In related 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 transaction of $224,278.01. Following the transaction, the senior vice president now directly owns 2,732 shares of the company’s stock, valued at approximately $284,592.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Ollie’s Bargain Outlet news, SVP James J. Comitale sold 2,153 shares of the company’s stock in a transaction that occurred 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 in the company, valued at approximately $284,592.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Kevin Mclain sold 15,000 shares of Ollie’s Bargain Outlet stock in a transaction on 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 of the company’s stock, valued at $1,050,283.90. The disclosure for this sale can be found here. Company insiders own 0.87% of the company’s stock.

Ollie’s Bargain Outlet Trading Up 2.7 %

Shares of NASDAQ:OLLI opened at $101.68 on Tuesday. The company has a market capitalization of $6.22 billion, a PE ratio of 32.08, a P/E/G ratio of 2.48 and a beta of 0.84. Ollie’s Bargain Outlet Holdings, Inc. has a 12-month low of $68.05 and a 12-month high of $104.98. The business’s fifty day simple moving average is $95.38 and its 200-day simple moving average is $86.45.

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

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.