Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Shares Sold by Tributary Capital Management LLC

Tributary Capital Management LLC cut its holdings in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 3.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 274,110 shares of the company's stock after selling 10,241 shares during the quarter. Ollie's Bargain Outlet accounts for 2.8% of Tributary Capital Management LLC's investment portfolio, making the stock its 2nd largest holding. Tributary Capital Management LLC owned about 0.45% of Ollie's Bargain Outlet worth $31,895,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of OLLI. Wedmont Private Capital grew its stake in Ollie's Bargain Outlet by 4.5% in the 1st quarter. Wedmont Private Capital now owns 2,084 shares of the company's stock valued at $238,000 after purchasing an additional 89 shares during the period. Coldstream Capital Management Inc. grew its stake in shares of Ollie's Bargain Outlet by 3.4% during the 4th quarter. Coldstream Capital Management Inc. now owns 2,912 shares of the company's stock worth $320,000 after acquiring an additional 97 shares during the period. Xponance Inc. grew its stake in shares of Ollie's Bargain Outlet by 1.4% during the 1st quarter. Xponance Inc. now owns 7,231 shares of the company's stock worth $841,000 after acquiring an additional 102 shares during the period. Pitcairn Co. grew its stake in shares of Ollie's Bargain Outlet by 1.7% during the 4th quarter. Pitcairn Co. now owns 7,244 shares of the company's stock worth $795,000 after acquiring an additional 120 shares during the period. Finally, Covestor Ltd grew its stake in shares of Ollie's Bargain Outlet by 11.5% during the 4th quarter. Covestor Ltd now owns 1,387 shares of the company's stock worth $152,000 after acquiring an additional 143 shares during the period.

Insider Buying and Selling at Ollie's Bargain Outlet

In related news, CEO Der Valk Eric Van sold 728 shares of the company's stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 7,761 shares in the company, valued at approximately $875,828.85. This represents a 8.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.75% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

OLLI has been the topic of a number of recent research reports. KeyCorp set a $145.00 price objective on Ollie's Bargain Outlet and gave the stock an "overweight" rating in a report on Thursday, June 26th. Loop Capital lowered Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and set a $130.00 price objective on the stock. in a research report on Tuesday, June 24th. Piper Sandler restated an "overweight" rating and set a $123.00 price target (down from $124.00) on shares of Ollie's Bargain Outlet in a research report on Wednesday, June 4th. Morgan Stanley lifted their price target on Ollie's Bargain Outlet from $108.00 to $118.00 and gave the company an "equal weight" rating in a research report on Thursday, March 20th. Finally, JPMorgan Chase & Co. lifted their price objective on Ollie's Bargain Outlet from $135.00 to $137.00 and gave the company an "overweight" rating in a research note on Monday, May 19th. 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 MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $125.21.

Ollie's Bargain Outlet Stock Up 3.6%

Shares of Ollie's Bargain Outlet stock traded up $4.54 during trading on Thursday, reaching $131.89. The company's stock had a trading volume of 919,238 shares, compared to its average volume of 1,164,637. The company has a market cap of $8.09 billion, a price-to-earnings ratio of 40.58, a P/E/G ratio of 2.87 and a beta of 0.41. The company has a 50-day simple moving average of $120.52 and a two-hundred day simple moving average of $111.83. Ollie's Bargain Outlet Holdings, Inc. has a 1-year low of $86.05 and a 1-year high of $134.59.

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

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.