Envestnet Portfolio Solutions Inc. Has $1.13 Million Holdings in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Envestnet Portfolio Solutions Inc. lowered its position in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 30.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,742 shares of the company's stock after selling 4,359 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Ollie's Bargain Outlet were worth $1,134,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Wedmont Private Capital grew its position in Ollie's Bargain Outlet by 4.5% during the first quarter. Wedmont Private Capital now owns 2,084 shares of the company's stock worth $238,000 after buying an additional 89 shares during the period. Coldstream Capital Management Inc. lifted its holdings in shares of Ollie's Bargain Outlet by 3.4% in the fourth quarter. Coldstream Capital Management Inc. now owns 2,912 shares of the company's stock valued at $320,000 after purchasing an additional 97 shares in the last quarter. Blue Trust Inc. grew its position in shares of Ollie's Bargain Outlet by 55.2% in the fourth quarter. Blue Trust Inc. now owns 284 shares of the company's stock valued at $31,000 after purchasing an additional 101 shares during the last quarter. Pitcairn Co. lifted its stake 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 in the last quarter. Finally, SRS Capital Advisors Inc. lifted its position in shares of Ollie's Bargain Outlet by 14.4% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,098 shares of the company's stock valued at $120,000 after acquiring an additional 138 shares in the last quarter.

Ollie's Bargain Outlet Trading Up 1.5%

NASDAQ:OLLI traded up $1.92 on Wednesday, reaching $131.47. The stock had a trading volume of 1,165,655 shares, compared to its average volume of 1,168,664. Ollie's Bargain Outlet Holdings, Inc. has a 12-month low of $86.05 and a 12-month high of $132.22. The stock has a market cap of $8.06 billion, a P/E ratio of 40.45, a price-to-earnings-growth ratio of 2.91 and a beta of 0.37. The company has a 50-day moving average of $113.38 and a 200 day moving average of $109.98.

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 for the quarter, beating analysts' consensus estimates 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 firm had revenue of $576.77 million during the quarter, compared to analyst estimates of $565.04 million. During the same quarter last year, the firm earned $0.73 EPS. Ollie's Bargain Outlet's quarterly revenue was up 13.4% on a year-over-year basis. On average, equities analysts predict that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

Insider Transactions at Ollie's Bargain Outlet

In other news, CFO Robert F. Helm sold 312 shares of the stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $107.17, for a total transaction of $33,437.04. Following the sale, the chief financial officer now directly owns 3,273 shares in the company, valued at approximately $350,767.41. This represents a 8.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman John W. Swygert sold 5,232 shares of the firm's stock in a transaction on Friday, March 28th. The shares were sold at an average price of $112.51, for a total value of $588,652.32. Following the completion of the sale, the chairman now owns 48,200 shares in the company, valued at $5,422,982. The trade was a 9.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,704 shares of company stock worth $2,697,933. 0.87% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on OLLI. Piper Sandler restated an "overweight" rating and issued a $123.00 target price (down from $124.00) on shares of Ollie's Bargain Outlet in a report on Wednesday, June 4th. Truist Financial increased their price target on Ollie's Bargain Outlet from $126.00 to $128.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. UBS Group raised their price target on Ollie's Bargain Outlet from $117.00 to $123.00 and gave the stock a "neutral" rating in a research note on Thursday, March 20th. JPMorgan Chase & Co. upped their price objective 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. Finally, Loop Capital lowered shares of Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and set a $130.00 price objective on the stock. in a report on Tuesday. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $124.50.

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.