Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Shares Purchased by Edgestream Partners L.P.

Edgestream Partners L.P. raised its position in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 663.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,290 shares of the company's stock after buying an additional 64,565 shares during the quarter. Edgestream Partners L.P. owned about 0.12% of Ollie's Bargain Outlet worth $8,644,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Ollie's Bargain Outlet by 489.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 230 shares of the company's stock worth $25,000 after acquiring an additional 191 shares during the last quarter. HM Payson & Co. bought a new stake in shares of Ollie's Bargain Outlet during the 1st quarter worth approximately $30,000. City Holding Co. bought a new stake in shares of Ollie's Bargain Outlet during the 1st quarter worth approximately $31,000. Brown Brothers Harriman & Co. bought a new stake in shares of Ollie's Bargain Outlet during the 4th quarter worth approximately $33,000. Finally, Putney Financial Group LLC bought a new stake in Ollie's Bargain Outlet during the 4th quarter valued at $33,000.

Insider Buying and Selling at Ollie's Bargain Outlet

In related news, CEO Der Valk Eric Van sold 728 shares of the stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $112.85, for a total value of $82,154.80. Following the completion of the transaction, the chief executive officer directly owned 7,761 shares in the company, valued at approximately $875,828.85. This represents a 8.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.75% of the company's stock.

Ollie's Bargain Outlet Price Performance

OLLI traded up $4.15 on Thursday, reaching $131.50. 290,572 shares of the stock were exchanged, compared to its average volume of 1,161,826. The firm has a market capitalization of $8.07 billion, a PE ratio of 40.47, a PEG ratio of 2.77 and a beta of 0.41. The company's 50-day moving average price is $120.07 and its 200 day moving average price is $111.68. Ollie's Bargain Outlet Holdings, Inc. has a fifty-two week low of $86.05 and a fifty-two 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 the consensus estimate of $0.70 by $0.05. The business had revenue of $576.77 million during the quarter, compared to analysts' expectations of $565.04 million. Ollie's Bargain Outlet had a return on equity of 12.27% and a net margin of 8.59%. The company's revenue for the quarter was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.73 EPS. As a group, equities analysts forecast that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on OLLI shares. Truist Financial lifted their target price 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. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $133.00 target price on shares of Ollie's Bargain Outlet in a research 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. UBS Group lifted their price target on Ollie's Bargain Outlet from $117.00 to $123.00 and gave the company a "neutral" rating in a report on Thursday, March 20th. Finally, Morgan Stanley lifted their price target on Ollie's Bargain Outlet from $108.00 to $118.00 and gave the company an "equal weight" rating in a report on Thursday, March 20th. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average 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.