Norden Group LLC Has $2.41 Million Stock Holdings in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Key Points

• Norden Group LLC reduced its position in Ollie's Bargain Outlet by 16.8% in Q1, holding 20,698 shares worth approximately $2.41 million.
• Multiple institutional investors, including Vanguard and Kayne Anderson Rudnick, have recently adjusted their stakes in Ollie's Bargain Outlet, highlighting significant interest in the company.
• Analysts have set a new average price target of $126.79 for Ollie's, with most ratings reflecting a "Moderate Buy" consensus among research firms.

Norden Group LLC trimmed its position in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 16.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,698 shares of the company's stock after selling 4,170 shares during the quarter. Norden Group LLC's holdings in Ollie's Bargain Outlet were worth $2,408,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Ollie's Bargain Outlet by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 5,821,957 shares of the company's stock worth $638,843,000 after buying an additional 70,496 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of 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 purchasing an additional 2,948,393 shares during the period. Invesco Ltd. boosted its position in shares of Ollie's Bargain Outlet by 1.1% in the 4th quarter. Invesco Ltd. now owns 1,645,472 shares of the company's stock worth $180,558,000 after purchasing an additional 17,302 shares during the last quarter. Alliancebernstein L.P. grew its stake in shares of Ollie's Bargain Outlet by 12.9% during the fourth quarter. Alliancebernstein L.P. now owns 1,629,572 shares of the company's stock worth $178,813,000 after purchasing an additional 186,313 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings 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 valued at $136,325,000 after purchasing an additional 24,890 shares during the last quarter.

Analysts Set New Price Targets

Several research firms have recently issued reports on OLLI. Wall Street Zen upgraded Ollie's Bargain Outlet from a "sell" rating to a "hold" rating in a research report on Tuesday, May 13th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $133.00 target price on shares of Ollie's Bargain Outlet in a research note on Wednesday, June 4th. KeyCorp set a $145.00 price target on shares of Ollie's Bargain Outlet and gave the company an "overweight" rating in a report on Thursday, June 26th. Truist Financial raised their price objective on Ollie's Bargain Outlet from $126.00 to $128.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Finally, Piper Sandler reissued an "overweight" rating and issued a $123.00 target price (down from $124.00) on shares of Ollie's Bargain Outlet in a research note on Wednesday, June 4th. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Ollie's Bargain Outlet has an average rating of "Moderate Buy" and an average price target of $126.79.

Ollie's Bargain Outlet Trading Up 1.5%

Shares of OLLI stock opened at $133.73 on Monday. The firm has a market capitalization of $8.20 billion, a P/E ratio of 41.15, a PEG ratio of 3.01 and a beta of 0.41. The firm's fifty day moving average price is $122.91 and its two-hundred day moving average price is $113.02. Ollie's Bargain Outlet Holdings, Inc. has a 1 year low of $86.05 and a 1 year high of $136.98.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last posted its quarterly earnings results on Tuesday, June 3rd. The company reported $0.75 earnings per share for the quarter, beating analysts' consensus estimates 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 firm had revenue of $576.77 million during the quarter, compared to the consensus estimate of $565.04 million. During the same period last year, the company earned $0.73 earnings per share. The business's revenue was up 13.4% compared to the same quarter last year. As a group, equities research analysts forecast that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

Insider Transactions at Ollie's Bargain Outlet

In other news, CEO Der Valk Eric Van sold 728 shares of Ollie's Bargain Outlet 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 completion of the transaction, 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.75% of the company's stock.

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.

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