107,605 Shares in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. purchased a new position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 107,605 shares of the company’s stock, valued at approximately $11,807,000. Assenagon Asset Management S.A. owned 0.18% of Ollie’s Bargain Outlet as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in OLLI. Envestnet Asset Management Inc. boosted its holdings in Ollie’s Bargain Outlet by 6.0% in the second quarter. Envestnet Asset Management Inc. now owns 237,267 shares of the company’s stock valued at $23,292,000 after acquiring an additional 13,460 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Ollie’s Bargain Outlet by 8.9% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 4,392 shares of the company’s stock worth $431,000 after purchasing an additional 359 shares during the period. Hsbc Holdings PLC lifted its stake in shares of Ollie’s Bargain Outlet by 26.4% in the 2nd quarter. Hsbc Holdings PLC now owns 5,297 shares of the company’s stock valued at $518,000 after purchasing an additional 1,106 shares in the last quarter. XTX Topco Ltd grew its holdings in shares of Ollie’s Bargain Outlet by 85.0% during the 2nd quarter. XTX Topco Ltd now owns 6,440 shares of the company’s stock worth $632,000 after purchasing an additional 2,958 shares during the period. Finally, Intech Investment Management LLC acquired a new stake in Ollie’s Bargain Outlet during the 2nd quarter worth approximately $573,000.

Insider Activity at Ollie’s Bargain Outlet

In related news, Director Thomas Hendrickson sold 6,250 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $114.74, for a total value of $717,125.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP James J. Comitale sold 5,325 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $113.95, for a total value of $606,783.75. Following the transaction, the senior vice president now owns 3,140 shares of the company’s stock, valued at approximately $357,803. The trade was a 62.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 87,771 shares of company stock valued at $9,650,832. Corporate insiders own 0.87% of the company’s stock.

Ollie’s Bargain Outlet Price Performance

NASDAQ OLLI opened at $106.86 on Friday. The company has a market capitalization of $6.55 billion, a price-to-earnings ratio of 31.90, a price-to-earnings-growth ratio of 2.63 and a beta of 0.82. Ollie’s Bargain Outlet Holdings, Inc. has a 12 month low of $68.05 and a 12 month high of $120.03. The company’s fifty day moving average price is $104.39 and its two-hundred day moving average price is $98.66.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings results on Tuesday, December 10th. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. Ollie’s Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The business had revenue of $517.43 million during the quarter, compared to the consensus estimate of $518.83 million. During the same period last year, the firm earned $0.51 earnings per share. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. As a group, analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

Analyst Ratings Changes

OLLI has been the subject of several research reports. Citigroup upgraded shares of Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and boosted their price objective for the stock from $64.00 to $133.00 in a research note on Wednesday, December 18th. Wells Fargo & Company upped their price target on shares of Ollie’s Bargain Outlet from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 11th. Bank of America raised their price objective on Ollie’s Bargain Outlet from $115.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Truist Financial increased their target price on Ollie’s Bargain Outlet from $109.00 to $121.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Finally, StockNews.com lowered Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $118.62.

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.