Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Shares Acquired by Natixis Advisors LLC

Key Points

• Natixis Advisors LLC increased its position in Ollie's Bargain Outlet Holdings, acquiring 78,022 shares worth approximately $9.08 million, reflecting a 9.0% increase in its stake.
• Analysts have set a range of price targets for OLLI, with JPMorgan Chase & Co. raising its target from $137.00 to $159.00, while the consensus rating remains a "Moderate Buy" with an average target price of $126.79.
• CEO Der Valk Eric Van sold 728 shares at an average price of $112.85, reducing his ownership by 8.58%, and now holds 7,761 shares valued at approximately $875,828.85.

Natixis Advisors LLC lifted its stake in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 9.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 78,022 shares of the company's stock after buying an additional 6,431 shares during the period. Natixis Advisors LLC owned about 0.13% of Ollie's Bargain Outlet worth $9,079,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC grew its stake in Ollie's Bargain Outlet by 173.8% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,644,774 shares of the company's stock valued at $509,671,000 after buying an additional 2,948,393 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Ollie's Bargain Outlet during the 4th quarter valued at $48,633,000. Envestnet Asset Management Inc. grew its position in shares of Ollie's Bargain Outlet by 103.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 487,774 shares of the company's stock valued at $53,523,000 after purchasing an additional 247,852 shares in the last quarter. Freestone Grove Partners LP purchased a new position in shares of Ollie's Bargain Outlet during the 4th quarter valued at $24,452,000. Finally, Royal Bank of Canada lifted its holdings in shares of Ollie's Bargain Outlet by 48.5% during the 4th quarter. Royal Bank of Canada now owns 649,382 shares of the company's stock worth $71,257,000 after acquiring an additional 212,055 shares during the last quarter.

Ollie's Bargain Outlet Trading Down 2.9%

Shares of NASDAQ:OLLI traded down $4.01 during trading on Friday, hitting $135.34. 393,751 shares of the company were exchanged, compared to its average volume of 1,166,274. The firm has a fifty day moving average price of $127.31 and a two-hundred day moving average price of $115.09. The stock has a market cap of $8.30 billion, a price-to-earnings ratio of 41.57, a P/E/G ratio of 3.16 and a beta of 0.40. Ollie's Bargain Outlet Holdings, Inc. has a fifty-two week low of $86.05 and a fifty-two week high of $141.74.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last issued its quarterly earnings results on Tuesday, June 3rd. The company reported $0.75 EPS for the quarter, beating analysts' consensus estimates 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 return on equity of 12.27% and a net margin of 8.59%. Ollie's Bargain Outlet's revenue was up 13.4% on a year-over-year basis. During the same period last year, the business posted $0.73 earnings per share. As a group, research analysts predict that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

Insider Activity at Ollie's Bargain Outlet

In other news, CEO Der Valk Eric Van sold 728 shares of the firm's stock in a transaction on Friday, June 13th. The stock was 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 $875,828.85. This trade represents a 8.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.75% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on OLLI. Wall Street Zen raised shares of Ollie's Bargain Outlet from a "sell" rating to a "hold" rating in a research note on Tuesday, May 13th. KeyCorp set a $145.00 price objective on shares of Ollie's Bargain Outlet and gave the company an "overweight" rating in a research report on Thursday, June 26th. Piper Sandler restated an "overweight" rating and issued a $123.00 price objective (down previously from $124.00) on shares of Ollie's Bargain Outlet in a research report on Wednesday, June 4th. Truist Financial boosted their price objective on shares of 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. Finally, Royal Bank Of Canada reiterated an "outperform" rating and set a $133.00 price target 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 assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $126.79.

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.