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Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Shares Bought by Emerald Mutual Fund Advisers Trust

Ollie's Bargain Outlet logo with Consumer Staples background

Emerald Mutual Fund Advisers Trust increased its holdings in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 5.3% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 169,219 shares of the company's stock after acquiring an additional 8,468 shares during the period. Ollie's Bargain Outlet makes up about 1.4% of Emerald Mutual Fund Advisers Trust's portfolio, making the stock its 21st largest holding. Emerald Mutual Fund Advisers Trust owned 0.28% of Ollie's Bargain Outlet worth $19,690,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Corient Private Wealth LLC boosted its holdings in Ollie's Bargain Outlet by 86.2% in the 4th quarter. Corient Private Wealth LLC now owns 8,438 shares of the company's stock worth $926,000 after buying an additional 3,906 shares during the last quarter. Next Century Growth Investors LLC boosted its holdings in Ollie's Bargain Outlet by 27.6% in the 4th quarter. Next Century Growth Investors LLC now owns 162,136 shares of the company's stock worth $17,791,000 after buying an additional 35,075 shares during the last quarter. Caxton Associates LP acquired a new stake in Ollie's Bargain Outlet in the 4th quarter worth about $438,000. Schonfeld Strategic Advisors LLC boosted its holdings in Ollie's Bargain Outlet by 85.2% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 5,800 shares of the company's stock worth $636,000 after buying an additional 2,668 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Ollie's Bargain Outlet by 130.5% in the 4th quarter. JPMorgan Chase & Co. now owns 436,366 shares of the company's stock worth $47,882,000 after buying an additional 247,065 shares during the last quarter.

Insider Activity at Ollie's Bargain Outlet

In other news, CEO Der Valk Eric Van sold 728 shares of Ollie's Bargain Outlet 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 sale, the chief executive officer owned 7,761 shares of the company's stock, valued at approximately $875,828.85. The trade was a 8.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.75% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Royal Bank Of Canada reiterated an "outperform" rating and issued a $133.00 price objective on shares of Ollie's Bargain Outlet in a report on Wednesday, June 4th. Truist Financial boosted their target price on Ollie's Bargain Outlet from $126.00 to $128.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Wall Street Zen upgraded Ollie's Bargain Outlet from a "sell" rating to a "hold" rating in a report on Tuesday, May 13th. Loop Capital cut Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and set a $130.00 target price on the stock. in a report on Tuesday, June 24th. Finally, JPMorgan Chase & Co. boosted their target price on Ollie's Bargain Outlet from $135.00 to $137.00 and gave the stock an "overweight" rating in a report on Monday, May 19th. 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 currently has an average rating of "Moderate Buy" and a consensus target price of $125.21.

Read Our Latest Stock Report on OLLI

Ollie's Bargain Outlet Price Performance

Shares of OLLI stock traded up $0.33 during trading on Friday, hitting $127.01. 671,053 shares of the stock traded hands, compared to its average volume of 1,163,041. The firm has a market capitalization of $7.79 billion, a P/E ratio of 39.08, a price-to-earnings-growth ratio of 2.85 and a beta of 0.41. The firm's fifty day moving average price is $119.11 and its 200-day moving average price is $111.53. 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 released its quarterly earnings results on Tuesday, June 3rd. The company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.70 by $0.05. The firm had revenue of $576.77 million for 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 business's revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.73 EPS. As a group, equities research analysts expect that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

About Ollie's Bargain Outlet

(Free Report)

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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Institutional Ownership by Quarter for Ollie's Bargain Outlet (NASDAQ:OLLI)

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