Pullen Investment Management LLC Has $1.06 Million Stock Position in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Pullen Investment Management LLC increased its holdings in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 46.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,094 shares of the company's stock after buying an additional 2,877 shares during the quarter. Pullen Investment Management LLC's holdings in Ollie's Bargain Outlet were worth $1,058,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of OLLI. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of 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 last quarter. Bogart Wealth LLC bought a new position in Ollie's Bargain Outlet in the fourth quarter valued at about $26,000. Wilmington Savings Fund Society FSB raised its position in Ollie's Bargain Outlet by 337.0% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 236 shares of the company's stock valued at $26,000 after purchasing an additional 182 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Ollie's Bargain Outlet by 55.2% during the fourth quarter. Blue Trust Inc. now owns 284 shares of the company's stock valued at $31,000 after purchasing an additional 101 shares in the last quarter. Finally, City Holding Co. bought a new stake in shares of Ollie's Bargain Outlet during the first quarter worth about $31,000.

Insiders Place Their Bets

In other news, Director Robert Fisch sold 6,250 shares of the firm's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $108.08, for a total value of $675,500.00. Following the completion of the sale, the director now directly owns 22,159 shares in the company, valued at $2,394,944.72. This trade represents a 22.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Robert F. Helm sold 2,139 shares of the business's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $115.74, for a total value of $247,567.86. Following the completion of the sale, the chief financial officer now directly owns 2,961 shares of the company's stock, valued at $342,706.14. The trade was a 41.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 38,625 shares of company stock worth $4,310,125. 0.87% of the stock is currently owned by company insiders.

Ollie's Bargain Outlet Price Performance

Shares of Ollie's Bargain Outlet stock traded down $4.68 on Tuesday, hitting $116.12. 1,070,945 shares of the company's stock traded hands, compared to its average volume of 1,165,170. The company has a market capitalization of $7.12 billion, a price-to-earnings ratio of 35.73, a price-to-earnings-growth ratio of 2.72 and a beta of 0.37. The company has a fifty day moving average of $112.31 and a two-hundred day moving average of $109.13. Ollie's Bargain Outlet Holdings, Inc. has a one year low of $86.05 and a one year high of $122.15.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.70 by $0.05. The firm had revenue of $576.77 million for the quarter, compared to analysts' expectations of $565.04 million. Ollie's Bargain Outlet had a return on equity of 12.27% and a net margin of 8.59%. The company's revenue for the quarter was up 13.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.73 EPS. Equities research analysts anticipate that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on OLLI. JPMorgan Chase & Co. raised their price objective 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. Piper Sandler reiterated an "overweight" rating and set a $123.00 price target (down previously from $124.00) on shares of Ollie's Bargain Outlet in a report on Wednesday, June 4th. Morgan Stanley boosted their price objective on shares of Ollie's Bargain Outlet from $108.00 to $118.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 20th. Wall Street Zen raised Ollie's Bargain Outlet from a "sell" rating to a "hold" rating in a research report on Tuesday, May 13th. Finally, KeyCorp reiterated an "overweight" rating and issued a $135.00 price target on shares of Ollie's Bargain Outlet in a research report on Wednesday, June 4th. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $124.50.

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.