Benjamin Edwards Inc. Acquires New Stake in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Key Points

• Benjamin Edwards Inc. acquired a new stake in Ollie's Bargain Outlet, purchasing 2,287 shares valued at approximately $266,000.
• Ollie's Bargain Outlet reported earnings of $0.75 EPS for the last quarter, surpassing analyst expectations of $0.70 EPS, with a revenue increase of 13.4% year-over-year.
• Analysts are optimistic about Ollie's, with multiple upgrades and a consensus rating of "Moderate Buy", alongside a target price that averages around $128.07.

Benjamin Edwards Inc. acquired a new stake in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 2,287 shares of the company's stock, valued at approximately $266,000.

A number of other large investors also recently bought and sold shares of OLLI. Sterling Capital Management LLC lifted its holdings in shares of Ollie's Bargain Outlet by 56.6% in the 4th quarter. Sterling Capital Management LLC now owns 3,642 shares of the company's stock worth $400,000 after buying an additional 1,317 shares during the period. Barclays PLC lifted its holdings in shares of Ollie's Bargain Outlet by 75.9% in the 4th quarter. Barclays PLC now owns 72,671 shares of the company's stock worth $7,976,000 after buying an additional 31,364 shares during the period. Mariner LLC lifted its holdings in shares of Ollie's Bargain Outlet by 15.6% in the 4th quarter. Mariner LLC now owns 14,950 shares of the company's stock worth $1,640,000 after buying an additional 2,022 shares during the period. Farringdon Capital Ltd. purchased a new stake in shares of Ollie's Bargain Outlet in the 4th quarter worth $299,000. Finally, CANADA LIFE ASSURANCE Co lifted its holdings in shares of Ollie's Bargain Outlet by 0.7% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 50,069 shares of the company's stock worth $5,492,000 after buying an additional 325 shares during the period.

Ollie's Bargain Outlet Price Performance

Shares of NASDAQ:OLLI opened at $133.52 on Friday. The business's 50-day moving average is $129.75 and its 200 day moving average is $115.99. Ollie's Bargain Outlet Holdings, Inc. has a 1 year low of $86.29 and a 1 year high of $141.74. The firm has a market capitalization of $8.19 billion, a P/E ratio of 41.08, a P/E/G ratio of 2.99 and a beta of 0.40.

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

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on OLLI shares. JPMorgan Chase & Co. upped their target price on Ollie's Bargain Outlet from $137.00 to $159.00 and gave the stock an "overweight" rating in a report on Monday, July 21st. Royal Bank Of Canada reiterated an "outperform" rating and issued a $133.00 target price on shares of Ollie's Bargain Outlet in a report on Wednesday, June 4th. Wall Street Zen raised Ollie's Bargain Outlet from a "sell" rating to a "hold" rating in a research report on Tuesday, May 13th. Piper Sandler reissued an "overweight" rating and issued a $123.00 price target (down from $124.00) on shares of Ollie's Bargain Outlet in a research report on Wednesday, June 4th. Finally, KeyCorp set a $145.00 price target on Ollie's Bargain Outlet and gave the stock an "overweight" rating in a research report on Thursday, June 26th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $128.07.

Insider Transactions at Ollie's Bargain Outlet

In other Ollie's Bargain Outlet news, CEO Der Valk Eric Van sold 728 shares of the business's stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $112.85, for a total transaction of $82,154.80. Following the sale, the chief executive officer owned 7,761 shares in the company, valued at approximately $875,828.85. The trade was a 8.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.75% of the stock is owned by corporate insiders.

Ollie's Bargain Outlet Company Profile

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.

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