Hussman Strategic Advisors Inc. Makes New $2.44 Million Investment in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Hussman Strategic Advisors Inc. acquired a new stake in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 21,000 shares of the company's stock, valued at approximately $2,444,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Corient Private Wealth LLC lifted its stake in shares of Ollie's Bargain Outlet by 86.2% in the fourth 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 in the last quarter. Next Century Growth Investors LLC increased its position in shares of Ollie's Bargain Outlet by 27.6% during the fourth quarter. Next Century Growth Investors LLC now owns 162,136 shares of the company's stock valued at $17,791,000 after acquiring an additional 35,075 shares during the last quarter. Caxton Associates LP acquired a new stake in shares of Ollie's Bargain Outlet during the fourth quarter valued at about $438,000. Schonfeld Strategic Advisors LLC grew its holdings in shares of Ollie's Bargain Outlet by 85.2% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 5,800 shares of the company's stock valued at $636,000 after purchasing an additional 2,668 shares in the last quarter. Finally, Teacher Retirement System of Texas grew its holdings in shares of Ollie's Bargain Outlet by 63.8% in the first quarter. Teacher Retirement System of Texas now owns 11,711 shares of the company's stock valued at $1,363,000 after purchasing an additional 4,563 shares in the last quarter.

Insider Transactions at Ollie's Bargain Outlet

In related 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 transaction of $82,154.80. Following the completion of the transaction, 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 SEC, which is accessible through this hyperlink. Insiders own 0.75% of the company's stock.

Ollie's Bargain Outlet Stock Performance

NASDAQ:OLLI traded up $0.27 during mid-day trading on Friday, hitting $132.16. 875,085 shares of the company's stock traded hands, compared to its average volume of 1,163,336. The firm's 50 day simple moving average is $121.04 and its 200 day simple moving average is $111.99. Ollie's Bargain Outlet Holdings, Inc. has a 1 year low of $86.05 and a 1 year high of $135.53. The company has a market cap of $8.11 billion, a PE ratio of 40.66, a price-to-earnings-growth ratio of 2.97 and a beta of 0.41.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last issued its quarterly earnings results on Tuesday, June 3rd. The company reported $0.75 earnings per share for the quarter, beating 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 the consensus estimate of $565.04 million. During the same period in the previous year, the firm posted $0.73 EPS. Ollie's Bargain Outlet's revenue was up 13.4% on a year-over-year basis. On average, research analysts expect that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently weighed in on OLLI. Royal Bank Of Canada restated an "outperform" rating and issued a $133.00 price objective on shares of Ollie's Bargain Outlet in a report on Wednesday, June 4th. UBS Group boosted their price objective on shares of Ollie's Bargain Outlet from $117.00 to $123.00 and gave the stock a "neutral" rating in a research report on Thursday, March 20th. Morgan Stanley upped their price target on shares of Ollie's Bargain Outlet from $108.00 to $118.00 and gave the company an "equal weight" rating in a research report on Thursday, March 20th. 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. Finally, Loop Capital downgraded shares of Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and set a $130.00 price objective for the company. in a research report on Tuesday, June 24th. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $125.21.

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.