GAMMA Investing LLC Buys 162,601 Shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

GAMMA Investing LLC boosted its holdings in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 18,373.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 163,486 shares of the company's stock after acquiring an additional 162,601 shares during the period. GAMMA Investing LLC owned about 0.27% of Ollie's Bargain Outlet worth $19,023,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted 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 purchasing an additional 191 shares during the last quarter. Wilmington Savings Fund Society FSB raised its holdings in Ollie's Bargain Outlet by 337.0% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 236 shares of the company's stock valued at $26,000 after buying an additional 182 shares during the period. Bogart Wealth LLC acquired a new position in shares of Ollie's Bargain Outlet during the 4th quarter valued at $26,000. Blue Trust Inc. boosted 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 worth $31,000 after buying an additional 101 shares during the period. Finally, Brown Brothers Harriman & Co. purchased a new position in Ollie's Bargain Outlet in the 4th quarter worth approximately $33,000.

Insider Activity at Ollie's Bargain Outlet

In other news, Chairman John W. Swygert sold 6,526 shares of the firm's stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $107.87, for a total transaction of $703,959.62. Following the transaction, the chairman now owns 53,432 shares in the company, valued at approximately $5,763,709.84. This trade represents a 10.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Robert F. Helm sold 312 shares of the company's stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $107.17, for a total value of $33,437.04. Following the sale, the chief financial officer now owns 3,273 shares of the company's stock, valued at approximately $350,767.41. This trade represents a 8.70% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 37,897 shares of company stock valued at $4,227,970. Insiders own 0.75% of the company's stock.

Ollie's Bargain Outlet Stock Performance

OLLI traded down $3.49 during trading on Monday, reaching $115.88. The company had a trading volume of 1,252,369 shares, compared to its average volume of 1,178,698. Ollie's Bargain Outlet Holdings, Inc. has a 12-month low of $82.84 and a 12-month high of $122.15. The firm's 50-day simple moving average is $111.66 and its 200 day simple moving average is $108.43. The company has a market cap of $7.11 billion, a price-to-earnings ratio of 34.59, a PEG ratio of 2.21 and a beta of 0.37.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last announced its quarterly earnings data on Tuesday, June 3rd. The company reported $0.75 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 analyst estimates of $565.04 million. Ollie's Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The business's quarterly revenue was up 13.4% compared to the same quarter last year. During the same period last year, the company posted $0.73 EPS. On average, sell-side analysts expect that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Piper Sandler restated an "overweight" rating and set a $123.00 price objective (down previously from $124.00) on shares of Ollie's Bargain Outlet in a research note on Wednesday, June 4th. KeyCorp reissued an "overweight" rating and issued a $135.00 target price on shares of Ollie's Bargain Outlet in a report on Wednesday, June 4th. Royal Bank of Canada reissued an "outperform" rating and set a $133.00 price target on shares of Ollie's Bargain Outlet in a report on Wednesday, June 4th. Wall Street Zen raised Ollie's Bargain Outlet from a "sell" rating to a "hold" rating in a report on Tuesday, May 13th. Finally, JPMorgan Chase & Co. raised their target price 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. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Ollie's Bargain Outlet has an average rating of "Moderate Buy" and a consensus 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.