Intrust Bank NA Invests $607,000 in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Key Points

• Intrust Bank NA has invested approximately $607,000 in 5,216 shares of Ollie's Bargain Outlet Holdings, Inc. during the 1st quarter of the year.
• Ollie's Bargain Outlet achieved a quarterly EPS of $0.75, surpassing analysts' expectations and reporting a 13.4% increase in revenue year-over-year.
• Several investment firms have raised their price targets for Ollie's stock, with JPMorgan Chase & Co. increasing their target from $137.00 to $159.00.

Intrust Bank NA bought a new position in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,216 shares of the company's stock, valued at approximately $607,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Geneva Capital Management LLC grew its position in shares of Ollie's Bargain Outlet by 1.1% during the 1st quarter. Geneva Capital Management LLC now owns 1,049,459 shares of the company's stock worth $122,115,000 after purchasing an additional 10,913 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Ollie's Bargain Outlet by 3.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,565 shares of the company's stock worth $531,000 after acquiring an additional 146 shares during the period. Blueshift Asset Management LLC lifted its holdings in shares of Ollie's Bargain Outlet by 114.3% during the 1st quarter. Blueshift Asset Management LLC now owns 30,990 shares of the company's stock worth $3,606,000 after acquiring an additional 16,532 shares during the period. Alberta Investment Management Corp lifted its holdings in shares of Ollie's Bargain Outlet by 17.4% during the 1st quarter. Alberta Investment Management Corp now owns 45,057 shares of the company's stock worth $5,243,000 after acquiring an additional 6,670 shares during the period. Finally, Nicolet Advisory Services LLC lifted its holdings in shares of Ollie's Bargain Outlet by 5.2% during the 1st quarter. Nicolet Advisory Services LLC now owns 5,284 shares of the company's stock worth $598,000 after acquiring an additional 259 shares during the period.

Ollie's Bargain Outlet Stock Performance

OLLI traded down $4.25 on Friday, hitting $135.10. 898,118 shares of the company were exchanged, compared to its average volume of 840,868. The stock has a market capitalization of $8.29 billion, a PE ratio of 41.57, a price-to-earnings-growth ratio of 3.13 and a beta of 0.40. The firm has a fifty day simple moving average of $127.79 and a two-hundred day simple moving average of $115.24. Ollie's Bargain Outlet Holdings, Inc. has a 12 month low of $86.05 and a 12 month high of $141.74.

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

Insider Transactions at Ollie's Bargain Outlet

In other news, CEO Der Valk Eric Van sold 728 shares of the company's stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $112.85, for a total value of $82,154.80. Following the sale, the chief executive officer directly owned 7,761 shares of the company's stock, valued at $875,828.85. This represents a 8.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.75% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. upped their price target on shares of Ollie's Bargain Outlet from $137.00 to $159.00 and gave the stock an "overweight" rating in a report on Monday, July 21st. Truist Financial increased 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. Piper Sandler restated an "overweight" rating and issued a $123.00 price target (down from $124.00) on shares of Ollie's Bargain Outlet in a report on Wednesday, June 4th. KeyCorp set a $145.00 price objective on shares of Ollie's Bargain Outlet and gave the company an "overweight" rating in a research note on Thursday, June 26th. Finally, Wall Street Zen raised shares of Ollie's Bargain Outlet from a "sell" rating to a "hold" rating in a research report on Tuesday, May 13th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $126.79.

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.