Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. raised its position in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 637.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 218,548 shares of the company's stock after acquiring an additional 188,917 shares during the quarter. Victory Capital Management Inc. owned approximately 0.36% of Ollie's Bargain Outlet worth $25,430,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in OLLI. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Ollie's Bargain Outlet by 489.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 230 shares of the company's stock valued at $25,000 after acquiring an additional 191 shares during the period. HM Payson & Co. acquired a new position in Ollie's Bargain Outlet in the 1st quarter valued at $30,000. City Holding Co. acquired a new position in Ollie's Bargain Outlet in the 1st quarter valued at $31,000. Brown Brothers Harriman & Co. acquired a new stake in shares of Ollie's Bargain Outlet during the 4th quarter worth $33,000. Finally, Putney Financial Group LLC acquired a new stake in shares of Ollie's Bargain Outlet during the 4th quarter worth $33,000.

Ollie's Bargain Outlet Trading Up 2.1%

Shares of OLLI stock opened at $134.89 on Tuesday. Ollie's Bargain Outlet Holdings, Inc. has a 12 month low of $86.05 and a 12 month high of $135.91. The stock has a market cap of $8.27 billion, a P/E ratio of 41.50, a P/E/G ratio of 2.97 and a beta of 0.41. The company 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 EPS for the quarter, topping analysts' consensus estimates of $0.70 by $0.05. Ollie's Bargain Outlet had a net margin of 8.59% and a return on equity of 12.27%. The company had revenue of $576.77 million during the quarter, compared to analysts' expectations of $565.04 million. During the same period last year, the business earned $0.73 EPS. Ollie's Bargain Outlet's revenue for the quarter was up 13.4% on a year-over-year basis. As a group, equities analysts forecast that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

Analyst Upgrades and Downgrades

OLLI has been the topic of several analyst reports. Royal Bank Of Canada restated an "outperform" rating and issued a $133.00 price target on shares of Ollie's Bargain Outlet in a research note on Wednesday, June 4th. JPMorgan Chase & Co. boosted their price objective 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. 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. Loop Capital downgraded shares of Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and set a $130.00 target price for the company. in a research note on Tuesday, June 24th. Finally, Piper Sandler reaffirmed 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. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Ollie's Bargain Outlet has an average rating of "Moderate Buy" and an average target price 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 value of $82,154.80. Following the sale, the chief executive officer directly owned 7,761 shares in the company, valued at approximately $875,828.85. The trade was a 8.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.87% of the company's stock.

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.

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