GW&K Investment Management LLC Acquires 2,991 Shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

GW&K Investment Management LLC raised its stake in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 2.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 136,866 shares of the company's stock after acquiring an additional 2,991 shares during the period. GW&K Investment Management LLC owned about 0.22% of Ollie's Bargain Outlet worth $15,926,000 as of its most recent SEC filing.

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

Ollie's Bargain Outlet Trading Up 1.5%

Shares of NASDAQ:OLLI traded up $1.98 during midday trading on Friday, hitting $133.73. The company had a trading volume of 582,352 shares, compared to its average volume of 917,716. Ollie's Bargain Outlet Holdings, Inc. has a 12 month low of $86.05 and a 12 month high of $136.98. The firm has a fifty day simple moving average of $122.91 and a 200 day simple moving average of $112.96. The stock has a market cap of $8.20 billion, a price-to-earnings ratio of 41.15, a PEG ratio of 3.01 and a beta of 0.41.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last issued 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 for 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% compared to the same quarter last year. During the same quarter last year, the business earned $0.73 earnings per share. Equities analysts forecast that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

Insiders Place Their Bets

In other Ollie's Bargain Outlet news, CEO Der Valk Eric Van sold 728 shares of the company's stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $112.85, for a total value of $82,154.80. Following the completion of the sale, the chief executive officer owned 7,761 shares of the company's stock, valued at approximately $875,828.85. This represents a 8.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.75% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on OLLI. Royal Bank Of Canada restated an "outperform" rating and set a $133.00 target price on shares of Ollie's Bargain Outlet in a report on Wednesday, June 4th. Wall Street Zen upgraded shares of Ollie's Bargain Outlet from a "sell" rating to a "hold" rating in a research report on Tuesday, May 13th. Loop Capital lowered shares of Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and set a $130.00 target price on the stock. in a research report on Tuesday, June 24th. JPMorgan Chase & Co. increased their price target on shares of Ollie's Bargain Outlet from $137.00 to $159.00 and gave the company an "overweight" rating in a research note on Monday, July 21st. Finally, Truist Financial boosted their price objective on shares of Ollie's Bargain Outlet from $126.00 to $128.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $126.79.

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.