Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. reduced its holdings in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 1.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 480,153 shares of the company's stock after selling 7,621 shares during the period. Envestnet Asset Management Inc. owned approximately 0.78% of Ollie's Bargain Outlet worth $55,871,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Ollie's Bargain Outlet by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 5,821,957 shares of the company's stock worth $638,843,000 after acquiring an additional 70,496 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of Ollie's Bargain Outlet by 173.8% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,644,774 shares of the company's stock valued at $509,671,000 after purchasing an additional 2,948,393 shares in the last quarter. Invesco Ltd. boosted its position in Ollie's Bargain Outlet by 1.1% during the 4th quarter. Invesco Ltd. now owns 1,645,472 shares of the company's stock worth $180,558,000 after buying an additional 17,302 shares during the period. Alliancebernstein L.P. boosted its position in Ollie's Bargain Outlet by 12.9% during the 4th quarter. Alliancebernstein L.P. now owns 1,629,572 shares of the company's stock worth $178,813,000 after buying an additional 186,313 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of Ollie's Bargain Outlet by 2.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,242,332 shares of the company's stock worth $136,325,000 after purchasing an additional 24,890 shares during the period.

Analysts Set New Price Targets

A number of analysts have commented on OLLI shares. JPMorgan Chase & Co. boosted their price target on shares of 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. Truist Financial upped 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. KeyCorp set a $145.00 price objective on shares of Ollie's Bargain Outlet and gave the stock an "overweight" rating in a research report on Thursday, June 26th. Royal Bank Of Canada reissued 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. Finally, Wall Street Zen raised Ollie's Bargain Outlet from a "sell" rating to a "hold" rating in a research report on Tuesday, May 13th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Ollie's Bargain Outlet has an average rating of "Moderate Buy" and a consensus target price of $125.21.

Ollie's Bargain Outlet Stock Down 4.0%

Shares of NASDAQ OLLI traded down $5.11 during midday trading on Tuesday, hitting $123.13. The stock had a trading volume of 1,224,900 shares, compared to its average volume of 1,163,262. Ollie's Bargain Outlet Holdings, Inc. has a 1 year low of $86.05 and a 1 year high of $134.59. The company has a market capitalization of $7.55 billion, a PE ratio of 37.89, a P/E/G ratio of 2.86 and a beta of 0.41. The stock has a 50 day simple moving average of $119.11 and a 200-day simple moving average of $111.42.

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

Insider Buying and Selling at Ollie's Bargain Outlet

In related news, CEO Der Valk Eric Van sold 728 shares of the business'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 transaction, the chief executive officer owned 7,761 shares in the company, valued at $875,828.85. The trade was a 8.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.87% of the company's stock.

Ollie's Bargain Outlet 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.