SG Americas Securities LLC Takes $1.28 Million Position in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

SG Americas Securities LLC bought a new stake in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 11,016 shares of the company's stock, valued at approximately $1,282,000.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Ollie's Bargain Outlet by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 5,821,957 shares of the company's stock worth $638,843,000 after buying an additional 70,496 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its stake in Ollie's Bargain Outlet by 173.8% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,644,774 shares of the company's stock valued at $509,671,000 after acquiring an additional 2,948,393 shares in the last quarter. Invesco Ltd. raised its holdings in Ollie's Bargain Outlet by 1.1% in the 4th quarter. Invesco Ltd. now owns 1,645,472 shares of the company's stock valued at $180,558,000 after acquiring an additional 17,302 shares during the last quarter. Alliancebernstein L.P. raised its holdings in Ollie's Bargain Outlet by 12.9% in the 4th quarter. Alliancebernstein L.P. now owns 1,629,572 shares of the company's stock valued at $178,813,000 after acquiring an additional 186,313 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Ollie's Bargain Outlet by 2.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,242,332 shares of the company's stock worth $136,325,000 after purchasing an additional 24,890 shares in the last quarter.

Ollie's Bargain Outlet Stock Performance

Shares of OLLI traded up $1.77 during mid-day trading on Friday, hitting $122.09. 547,032 shares of the company's stock were exchanged, compared to its average volume of 1,161,446. The stock's 50-day moving average is $112.66 and its 200-day moving average is $109.35. Ollie's Bargain Outlet Holdings, Inc. has a fifty-two week low of $86.05 and a fifty-two week high of $122.15. The company has a market cap of $7.49 billion, a price-to-earnings ratio of 37.29, a P/E/G ratio of 2.71 and a beta of 0.37.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last released its 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 company had revenue of $576.77 million for the quarter, compared to analyst estimates of $565.04 million. Ollie's Bargain Outlet had a net margin of 8.59% and a return on equity of 12.27%. The firm's quarterly revenue was up 13.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.73 EPS. As a group, equities research analysts anticipate that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Robert F. Helm sold 2,145 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $108.50, for a total value of $232,732.50. Following the transaction, the chief financial officer now owns 3,888 shares of the company's stock, valued at $421,848. This represents a 35.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Der Valk Eric Van sold 1,153 shares of Ollie's Bargain Outlet stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $110.85, for a total value of $127,810.05. Following the sale, the chief executive officer now directly owns 6,768 shares of the company's stock, valued at $750,232.80. This trade represents a 14.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 38,625 shares of company stock worth $4,310,125 in the last quarter. 0.75% of the stock is owned by company insiders.

Analysts Set New Price Targets

OLLI has been the subject of several recent research reports. Truist Financial increased their price target on Ollie's Bargain Outlet from $126.00 to $128.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. JPMorgan Chase & Co. raised their target price on Ollie's Bargain Outlet from $135.00 to $137.00 and gave the stock an "overweight" rating in a research note on Monday, May 19th. Morgan Stanley boosted their price target on shares of 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. UBS Group raised their price objective 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. Finally, Royal Bank Of Canada reiterated an "outperform" rating and issued a $133.00 target price on shares of Ollie's Bargain Outlet in a report on Wednesday, June 4th. Five research 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 an average target price 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.