Emerald Advisers LLC Acquires 24,993 Shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Emerald Advisers LLC increased its holdings in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 9.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 279,815 shares of the company's stock after acquiring an additional 24,993 shares during the period. Ollie's Bargain Outlet comprises approximately 1.5% of Emerald Advisers LLC's holdings, making the stock its 18th largest holding. Emerald Advisers LLC owned approximately 0.46% of Ollie's Bargain Outlet worth $32,559,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Wedmont Private Capital grew its position 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. Coldstream Capital Management Inc. boosted its position in Ollie's Bargain Outlet by 3.4% in the 4th quarter. Coldstream Capital Management Inc. now owns 2,912 shares of the company's stock valued at $320,000 after buying an additional 97 shares during the last quarter. Xponance Inc. boosted its position in Ollie's Bargain Outlet by 1.4% in the 1st quarter. Xponance Inc. now owns 7,231 shares of the company's stock valued at $841,000 after buying an additional 102 shares during the last quarter. Pitcairn Co. boosted its position in Ollie's Bargain Outlet by 1.7% in the 4th quarter. Pitcairn Co. now owns 7,244 shares of the company's stock valued at $795,000 after buying an additional 120 shares during the last quarter. Finally, Covestor Ltd boosted its position in Ollie's Bargain Outlet by 11.5% in the 4th quarter. Covestor Ltd now owns 1,387 shares of the company's stock valued at $152,000 after buying an additional 143 shares during the last quarter.

Analyst Ratings Changes

A number of research analysts have commented on OLLI shares. Wall Street Zen upgraded Ollie's Bargain Outlet from a "sell" rating to a "hold" rating in a research report on Tuesday, May 13th. Morgan Stanley increased their price objective 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. Royal Bank Of Canada reissued an "outperform" rating and issued a $133.00 price target on shares of Ollie's Bargain Outlet in a research note on Wednesday, June 4th. 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 note on Monday, May 19th. Finally, 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 note on Wednesday, June 4th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Ollie's Bargain Outlet currently has an average rating of "Moderate Buy" and a consensus target price of $125.21.

Ollie's Bargain Outlet Trading Up 0.3%

Shares of Ollie's Bargain Outlet stock opened at $127.01 on Friday. The stock's fifty day simple moving average is $119.11 and its 200 day simple moving average is $111.48. The company has a market capitalization of $7.79 billion, a PE ratio of 39.08, a PEG ratio of 2.86 and a beta of 0.41. Ollie's Bargain Outlet Holdings, Inc. has a 12 month low of $86.05 and a 12 month high of $134.59.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last released its earnings results on Tuesday, June 3rd. The company reported $0.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.70 by $0.05. The firm 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 was up 13.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.73 EPS. Analysts predict that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

Insider Buying and Selling at Ollie's Bargain Outlet

In other news, CEO Der Valk Eric Van sold 728 shares of the firm's stock in a transaction dated 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 owned 7,761 shares in the company, valued at $875,828.85. This trade represents a 8.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.75% of the stock is owned by 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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