Pullen Investment Management LLC Grows Stake in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Pullen Investment Management LLC lifted its position in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 46.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,094 shares of the company's stock after purchasing an additional 2,877 shares during the period. Pullen Investment Management LLC's holdings in Ollie's Bargain Outlet were worth $1,058,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Greenwood Capital Associates LLC lifted its holdings in Ollie's Bargain Outlet by 50.8% during the 1st quarter. Greenwood Capital Associates LLC now owns 5,238 shares of the company's stock valued at $609,000 after buying an additional 1,764 shares in the last quarter. SG Americas Securities LLC acquired a new position in Ollie's Bargain Outlet in the 1st quarter worth approximately $1,282,000. Curated Wealth Partners LLC purchased a new stake in Ollie's Bargain Outlet in the 1st quarter worth $228,000. GAMMA Investing LLC raised its position in shares of Ollie's Bargain Outlet by 58.8% in the first quarter. GAMMA Investing LLC now owns 1,405 shares of the company's stock valued at $163,000 after buying an additional 520 shares during the last quarter. Finally, City Holding Co. purchased a new position in Ollie's Bargain Outlet during the first quarter worth about $31,000.

Ollie's Bargain Outlet Price Performance

Ollie's Bargain Outlet stock traded up $0.27 during mid-day trading on Friday, reaching $114.48. 932,167 shares of the company were exchanged, compared to its average volume of 1,181,256. The firm has a market cap of $7.02 billion, a PE ratio of 34.17, a PEG ratio of 2.21 and a beta of 0.37. The company has a fifty day simple moving average of $111.84 and a 200-day simple moving average of $108.82. Ollie's Bargain Outlet Holdings, Inc. has a 12 month low of $84.93 and a 12 month high of $122.15.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last issued its earnings results on Tuesday, June 3rd. The company reported $0.75 earnings per share for the quarter, topping analysts' consensus estimates of $0.70 by $0.05. Ollie's Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The business had revenue of $576.77 million during the quarter, compared to the consensus estimate of $565.04 million. During the same period in the previous year, the company posted $0.73 earnings per share. The firm's revenue for the quarter was up 13.4% on a year-over-year basis. Sell-side analysts anticipate that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

Insider Activity at Ollie's Bargain Outlet

In other Ollie's Bargain Outlet news, Director Robert Fisch sold 6,250 shares of the company'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 owns 22,159 shares in the company, valued at $2,394,944.72. This represents a 22.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Robert F. Helm sold 2,139 shares of the stock in a transaction on Tuesday, April 1st. The stock was 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 owns 2,961 shares of the company's stock, valued at $342,706.14. The trade was a 41.94% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 37,897 shares of company stock valued at $4,227,970. Insiders own 0.75% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Wall Street Zen upgraded shares of Ollie's Bargain Outlet from a "sell" rating to a "hold" rating in a research note on Tuesday, May 13th. UBS Group upped their price target on shares of Ollie's Bargain Outlet from $117.00 to $123.00 and gave the stock a "neutral" rating in a research report on Thursday, March 20th. JPMorgan Chase & Co. increased their target price 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. Truist Financial raised their price target on shares of Ollie's Bargain Outlet from $126.00 to $128.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Finally, KeyCorp reissued an "overweight" rating and issued a $135.00 price objective on shares of Ollie's Bargain Outlet in a report on Wednesday, June 4th. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, Ollie's Bargain Outlet presently has a consensus rating of "Moderate Buy" and a consensus price target of $124.50.

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.