Braun Stacey Associates Inc. Makes New $12.55 Million 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) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor 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 SEC filing.

A number of other large investors have also recently bought and sold shares of the company. HM Payson & Co. acquired a new stake in Ollie's Bargain Outlet during the first quarter worth about $30,000. Bank of New York Mellon Corp grew its stake in Ollie's Bargain Outlet by 25.5% during the first quarter. Bank of New York Mellon Corp now owns 881,996 shares of the company's stock worth $102,629,000 after buying an additional 179,452 shares in the last quarter. Principal Financial Group Inc. grew its stake in Ollie's Bargain Outlet by 0.3% during the first quarter. Principal Financial Group Inc. now owns 148,303 shares of the company's stock worth $17,257,000 after buying an additional 441 shares in the last quarter. Teacher Retirement System of Texas grew its stake in Ollie's Bargain Outlet by 63.8% during the first quarter. Teacher Retirement System of Texas now owns 11,711 shares of the company's stock worth $1,363,000 after buying an additional 4,563 shares in the last quarter. Finally, Hudson Edge Investment Partners Inc. grew its stake in Ollie's Bargain Outlet by 19.9% during the first quarter. Hudson Edge Investment Partners Inc. now owns 6,381 shares of the company's stock worth $742,000 after buying an additional 1,058 shares in the last quarter.

Ollie's Bargain Outlet Price Performance

NASDAQ OLLI traded down $0.92 during trading hours on Tuesday, reaching $127.08. The company's stock had a trading volume of 968,617 shares, compared to its average volume of 1,165,475. The firm has a fifty day simple moving average of $117.95 and a 200-day simple moving average of $111.30. The stock has a market cap of $7.80 billion, a P/E ratio of 39.10, a P/E/G ratio of 2.88 and a beta of 0.41. Ollie's Bargain Outlet Holdings, Inc. has a 52 week low of $86.05 and a 52 week high of $134.59.

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

Insider Transactions 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 that occurred on Friday, June 13th. The shares were sold at an average price of $112.85, for a total transaction of $82,154.80. Following the completion of the transaction, the chief executive officer owned 7,761 shares in the company, valued at approximately $875,828.85. This trade represents 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 this link. 0.87% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Morgan Stanley increased their price objective on shares of Ollie's Bargain Outlet from $108.00 to $118.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 20th. Royal Bank Of Canada reiterated an "outperform" rating and set a $133.00 price objective on shares of Ollie's Bargain Outlet in a research note on Wednesday, June 4th. KeyCorp set a $145.00 target price on shares of Ollie's Bargain Outlet and gave the stock an "overweight" rating in a report on Thursday, June 26th. Truist Financial increased their target price on shares of Ollie's Bargain Outlet from $126.00 to $128.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Finally, UBS Group increased their target price on shares of Ollie's Bargain Outlet from $117.00 to $123.00 and gave the stock a "neutral" rating in a report on Thursday, March 20th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $125.21.

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.