Braun Stacey Associates Inc. Makes New Investment in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Braun Stacey Associates Inc. acquired a new position in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 107,830 shares of the company's stock, valued at approximately $12,547,000. Braun Stacey Associates Inc. owned approximately 0.18% of Ollie's Bargain Outlet as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of OLLI. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Ollie's Bargain Outlet by 489.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 230 shares of the company's stock worth $25,000 after buying an additional 191 shares in the last quarter. HM Payson & Co. bought a new position in shares of Ollie's Bargain Outlet during the first quarter worth about $30,000. City Holding Co. acquired a new position in Ollie's Bargain Outlet during the first quarter valued at approximately $31,000. Brown Brothers Harriman & Co. acquired a new position in Ollie's Bargain Outlet during the fourth quarter valued at approximately $33,000. Finally, Putney Financial Group LLC acquired a new position in Ollie's Bargain Outlet during the fourth quarter valued at approximately $33,000.

Insider Buying and Selling at Ollie's Bargain Outlet

In other Ollie's Bargain Outlet news, CEO Der Valk Eric Van sold 728 shares of the firm's stock in a transaction on Friday, June 13th. The stock was sold at an average price of $112.85, for a total transaction of $82,154.80. Following the transaction, the chief executive officer owned 7,761 shares in the company, valued at $875,828.85. This trade represents a 8.58% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.87% of the company's stock.

Ollie's Bargain Outlet Trading Down 2.2%

Shares of OLLI traded down $2.90 during mid-day trading on Monday, reaching $128.00. The company's stock had a trading volume of 999,739 shares, compared to its average volume of 1,168,746. The stock has a market cap of $7.85 billion, a P/E ratio of 39.38, a PEG ratio of 2.95 and a beta of 0.41. Ollie's Bargain Outlet Holdings, Inc. has a 1-year low of $86.05 and a 1-year high of $134.59. The business has a 50-day simple moving average of $117.52 and a two-hundred day simple moving average of $111.19.

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 for the quarter, topping analysts' consensus estimates of $0.70 by $0.05. The company had revenue of $576.77 million for the quarter, compared to analyst estimates of $565.04 million. Ollie's Bargain Outlet had a return on equity of 12.27% and a net margin of 8.59%. The firm's quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.73 earnings per share. Research analysts anticipate that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on OLLI shares. Morgan Stanley increased their price target on Ollie's Bargain Outlet from $108.00 to $118.00 and gave the company an "equal weight" rating in a research report on Thursday, March 20th. UBS Group increased their price target on Ollie's Bargain Outlet from $117.00 to $123.00 and gave the company a "neutral" rating in a research report on Thursday, March 20th. JPMorgan Chase & Co. increased their price target on Ollie's Bargain Outlet from $135.00 to $137.00 and gave the company an "overweight" rating in a research report on Monday, May 19th. Truist Financial increased their price target on Ollie's Bargain Outlet from $126.00 to $128.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Finally, KeyCorp set a $145.00 price target on Ollie's Bargain Outlet and gave the company an "overweight" rating in a research report on Thursday, June 26th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $125.21.

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.