Azzad Asset Management Inc. ADV Takes $3.52 Million Position in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Azzad Asset Management Inc. ADV bought a new position in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 30,278 shares of the company's stock, valued at approximately $3,523,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in OLLI. Wedmont Private Capital boosted its holdings in Ollie's Bargain Outlet by 4.5% during the 1st quarter. Wedmont Private Capital now owns 2,084 shares of the company's stock worth $238,000 after acquiring an additional 89 shares during the last quarter. Legacy Capital Wealth Partners LLC raised its holdings in shares of Ollie's Bargain Outlet by 3.4% in the fourth quarter. Legacy Capital Wealth Partners LLC now owns 2,834 shares of the company's stock valued at $311,000 after purchasing an additional 94 shares during the last quarter. Coldstream Capital Management Inc. raised its holdings in shares of Ollie's Bargain Outlet by 3.4% in the fourth quarter. Coldstream Capital Management Inc. now owns 2,912 shares of the company's stock valued at $320,000 after purchasing an additional 97 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Ollie's Bargain Outlet by 55.2% during the fourth quarter. Blue Trust Inc. now owns 284 shares of the company's stock valued at $31,000 after purchasing an additional 101 shares in the last quarter. Finally, Pitcairn Co. boosted its holdings in Ollie's Bargain Outlet by 1.7% during the fourth quarter. Pitcairn Co. now owns 7,244 shares of the company's stock worth $795,000 after purchasing an additional 120 shares during the last quarter.

Insider Activity at Ollie's Bargain Outlet

In other Ollie's Bargain Outlet news, CEO Der Valk Eric Van sold 1,153 shares of the business's stock in a transaction on Monday, March 31st. The shares were sold at an average price of $110.85, for a total transaction of $127,810.05. Following the sale, the chief executive officer now owns 6,768 shares of the company's stock, valued at $750,232.80. The trade was a 14.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Robert F. Helm sold 312 shares of the stock in a transaction on Monday, April 7th. The stock was sold at an average price of $107.17, for a total value of $33,437.04. Following the sale, the chief financial officer now owns 3,273 shares in the company, valued at approximately $350,767.41. This represents a 8.70% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 38,625 shares of company stock worth $4,310,125. 0.87% of the stock is owned by corporate insiders.

Ollie's Bargain Outlet Price Performance

Shares of OLLI traded down $4.68 during mid-day trading on Tuesday, hitting $116.12. The stock had a trading volume of 1,070,945 shares, compared to its average volume of 1,165,170. Ollie's Bargain Outlet Holdings, Inc. has a 52 week low of $86.05 and a 52 week high of $122.15. The business has a fifty day moving average price of $112.31 and a 200-day moving average price of $109.13. The firm has a market cap of $7.12 billion, a P/E ratio of 35.73, a PEG ratio of 2.72 and a beta of 0.37.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last released its quarterly earnings data on Tuesday, June 3rd. The company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.70 by $0.05. The business had revenue of $576.77 million for the quarter, compared to the consensus estimate of $565.04 million. Ollie's Bargain Outlet had a net margin of 8.59% and a return on equity of 12.27%. The company's revenue was up 13.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.73 earnings per share. As a group, research analysts expect that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on OLLI shares. KeyCorp reiterated an "overweight" rating and issued a $135.00 price objective on shares of Ollie's Bargain Outlet in a research note on Wednesday, June 4th. Truist Financial upped their target price on Ollie's Bargain Outlet from $126.00 to $128.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. UBS Group lifted their price target on Ollie's Bargain Outlet from $117.00 to $123.00 and gave the stock a "neutral" rating in a report on Thursday, March 20th. Piper Sandler reissued an "overweight" rating and issued a $123.00 price objective (down previously from $124.00) on shares of Ollie's Bargain Outlet in a research report on Wednesday, June 4th. Finally, Royal Bank Of Canada restated an "outperform" rating and issued a $133.00 price objective on shares of Ollie's Bargain Outlet in a research note on Wednesday, June 4th. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $124.50.

About Ollie's Bargain Outlet

Ollie's Bargain Outlet Holdings, Inc is a holding company, which engages in the retail of closeouts, excess inventory, and salvage merchandise. It offers overstocks, package changes, manufacturer refurbished goods, and irregulars. The company's products include housewares, food, books and stationery, bed and bath, floor coverings, electronics and toys.