Stephens Investment Management Group LLC Increases Stock Position in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Stephens Investment Management Group LLC lifted its holdings in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 13.3% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 809,282 shares of the company's stock after purchasing an additional 95,204 shares during the quarter. Ollie's Bargain Outlet comprises about 1.4% of Stephens Investment Management Group LLC's holdings, making the stock its 18th biggest holding. Stephens Investment Management Group LLC owned about 1.32% of Ollie's Bargain Outlet worth $94,168,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in OLLI. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of Ollie's Bargain Outlet by 173.8% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,644,774 shares of the company's stock worth $509,671,000 after purchasing an additional 2,948,393 shares in the last quarter. Norges Bank acquired a new stake in Ollie's Bargain Outlet in the fourth quarter valued at approximately $80,741,000. Raymond James Financial Inc. acquired a new stake in Ollie's Bargain Outlet in the fourth quarter valued at approximately $48,633,000. Envestnet Asset Management Inc. raised 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 in the last quarter. Finally, JPMorgan Chase & Co. raised 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 in the last quarter.

Ollie's Bargain Outlet Stock Performance

OLLI stock traded up $0.33 during midday trading on Friday, reaching $127.01. 671,053 shares of the company were exchanged, compared to its average volume of 1,163,763. Ollie's Bargain Outlet Holdings, Inc. has a 1-year low of $86.05 and a 1-year high of $134.59. The stock's 50-day simple moving average is $119.11 and its 200 day simple moving average is $111.48. The company has a market cap of $7.79 billion, a price-to-earnings ratio of 39.08, a price-to-earnings-growth ratio of 2.86 and a beta of 0.41.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last announced its earnings results on Tuesday, June 3rd. The company reported $0.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.70 by $0.05. The business had revenue of $576.77 million for the quarter, compared to analyst estimates 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 for the quarter was up 13.4% compared to the same quarter last year. During the same period last year, the firm posted $0.73 earnings per share. On average, research analysts anticipate that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. KeyCorp set a $145.00 target price on shares of Ollie's Bargain Outlet and gave the company an "overweight" rating in a report on Thursday, June 26th. Loop Capital cut shares of Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and set a $130.00 target price on the stock. in a report on Tuesday, June 24th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $133.00 target price on shares of Ollie's Bargain Outlet in a report on Wednesday, June 4th. JPMorgan Chase & Co. raised their target price on shares of Ollie's Bargain Outlet from $135.00 to $137.00 and gave the company an "overweight" rating in a report on Monday, May 19th. Finally, Morgan Stanley raised their target price on shares of Ollie's Bargain Outlet from $108.00 to $118.00 and gave the company an "equal weight" rating in a report on Thursday, March 20th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Ollie's Bargain Outlet has a consensus rating of "Moderate Buy" and a consensus price target of $125.21.

Insider Activity

In other news, CEO Der Valk Eric Van sold 728 shares of the firm'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 transaction, the chief executive officer directly owned 7,761 shares in the company, valued at approximately $875,828.85. This trade represents a 8.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through 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.