Tributary Capital Management LLC Has $31.90 Million Stock Position in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Tributary Capital Management LLC decreased its position in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 3.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 274,110 shares of the company's stock after selling 10,241 shares during the quarter. Ollie's Bargain Outlet comprises 2.8% of Tributary Capital Management LLC's holdings, making the stock its 2nd largest holding. Tributary Capital Management LLC owned 0.45% of Ollie's Bargain Outlet worth $31,895,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of OLLI. HighTower Advisors LLC increased its position in shares of Ollie's Bargain Outlet by 37.4% during the fourth quarter. HighTower Advisors LLC now owns 16,406 shares of the company's stock valued at $1,800,000 after acquiring an additional 4,466 shares during the last quarter. Avantax Advisory Services Inc. increased its position in shares of Ollie's Bargain Outlet by 13.6% during the 4th quarter. Avantax Advisory Services Inc. now owns 13,646 shares of the company's stock valued at $1,497,000 after purchasing an additional 1,634 shares during the last quarter. Swiss National Bank raised its stake in shares of Ollie's Bargain Outlet by 0.9% during the 4th quarter. Swiss National Bank now owns 120,600 shares of the company's stock worth $13,233,000 after purchasing an additional 1,100 shares during the period. Natixis Advisors LLC boosted its holdings in shares of Ollie's Bargain Outlet by 151.8% in the 4th quarter. Natixis Advisors LLC now owns 71,591 shares of the company's stock worth $7,856,000 after buying an additional 43,159 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its position in Ollie's Bargain Outlet by 166.2% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 14,101 shares of the company's stock valued at $1,547,000 after buying an additional 8,804 shares during the period.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on OLLI shares. Wall Street Zen upgraded shares of Ollie's Bargain Outlet from a "sell" rating to a "hold" rating in a research report on Tuesday, May 13th. KeyCorp set a $145.00 target price on Ollie's Bargain Outlet and gave the stock an "overweight" rating in a research note on Thursday, June 26th. 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. Truist Financial boosted their price objective on Ollie's Bargain Outlet from $126.00 to $128.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Finally, JPMorgan Chase & Co. lifted 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 research report on Monday, May 19th. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, Ollie's Bargain Outlet currently has an average rating of "Moderate Buy" and a consensus price target of $125.21.

Insider Activity

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 transaction of $82,154.80. Following the sale, the chief executive officer directly owned 7,761 shares of the company's stock, valued at approximately $875,828.85. This represents a 8.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.87% of the company's stock.

Ollie's Bargain Outlet Price Performance

Shares of NASDAQ:OLLI traded up $0.27 during trading on Friday, hitting $132.16. 875,085 shares of the company were exchanged, compared to its average volume of 1,165,400. The firm's 50 day moving average price is $121.04 and its 200-day moving average price is $112.03. The stock has a market capitalization of $8.11 billion, a P/E ratio of 40.66, a PEG ratio of 2.97 and a beta of 0.41. Ollie's Bargain Outlet Holdings, Inc. has a 12-month low of $86.05 and a 12-month high of $134.59.

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 for the quarter, topping the consensus estimate 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 business had revenue of $576.77 million during the quarter, compared to the consensus estimate of $565.04 million. During the same quarter in the prior year, the firm earned $0.73 earnings per share. The business's quarterly revenue was up 13.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

Ollie's Bargain Outlet 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.