Hussman Strategic Advisors Inc. Takes Position in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Hussman Strategic Advisors Inc. bought a new position in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 21,000 shares of the company's stock, valued at approximately $2,444,000.

Several other institutional investors and hedge funds have also made changes to their positions in OLLI. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in Ollie's Bargain Outlet by 173.8% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,644,774 shares of the company's stock valued at $509,671,000 after acquiring an additional 2,948,393 shares during the last quarter. Norges Bank acquired a new position in Ollie's Bargain Outlet in the fourth quarter valued at approximately $80,741,000. Raymond James Financial Inc. acquired a new position in Ollie's Bargain Outlet in the fourth quarter valued at approximately $48,633,000. Envestnet Asset Management Inc. lifted its holdings in Ollie's Bargain Outlet by 103.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 487,774 shares of the company's stock valued at $53,523,000 after acquiring an additional 247,852 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Ollie's Bargain Outlet by 130.5% in the fourth quarter. JPMorgan Chase & Co. now owns 436,366 shares of the company's stock valued at $47,882,000 after acquiring an additional 247,065 shares during the last quarter.

Analyst Ratings Changes

OLLI has been the topic of a number of research analyst reports. KeyCorp set a $145.00 target price on Ollie's Bargain Outlet and gave the company an "overweight" rating in a research report on Thursday, June 26th. Truist Financial boosted their target price 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. Loop Capital lowered 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. Piper Sandler reissued an "overweight" rating and issued a $123.00 target price (down previously from $124.00) on shares of Ollie's Bargain Outlet in a research report on Wednesday, June 4th. Finally, Royal Bank Of Canada reissued an "outperform" rating and issued a $133.00 target price on shares of Ollie's Bargain Outlet in a research report on Wednesday, June 4th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, Ollie's Bargain Outlet currently has an average rating of "Moderate Buy" and an average price target of $126.79.

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 shares were sold at an average price of $112.85, for a total transaction 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 $875,828.85. This represents a 8.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.87% of the stock is currently owned by corporate insiders.

Ollie's Bargain Outlet Trading Up 2.4%

NASDAQ:OLLI traded up $3.15 during trading hours on Monday, hitting $135.31. The stock had a trading volume of 206,522 shares, compared to its average volume of 1,161,646. Ollie's Bargain Outlet Holdings, Inc. has a 1-year low of $86.05 and a 1-year high of $135.64. The company has a market cap of $8.30 billion, a PE ratio of 41.71, a price-to-earnings-growth ratio of 2.97 and a beta of 0.41. The business has a 50 day simple moving average of $121.04 and a two-hundred day simple moving average of $112.03.

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

About Ollie's Bargain Outlet

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.