SG Americas Securities LLC Makes New Investment in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

SG Americas Securities LLC bought a new position in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 11,016 shares of the company's stock, valued at approximately $1,282,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Corient Private Wealth LLC raised its stake in shares of Ollie's Bargain Outlet by 86.2% in the fourth quarter. Corient Private Wealth LLC now owns 8,438 shares of the company's stock worth $926,000 after buying an additional 3,906 shares during the period. Next Century Growth Investors LLC raised its stake in shares of Ollie's Bargain Outlet by 27.6% in the fourth quarter. Next Century Growth Investors LLC now owns 162,136 shares of the company's stock worth $17,791,000 after buying an additional 35,075 shares during the period. Caxton Associates LP bought a new position in shares of Ollie's Bargain Outlet in the fourth quarter worth about $438,000. Schonfeld Strategic Advisors LLC raised its stake in shares of Ollie's Bargain Outlet by 85.2% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 5,800 shares of the company's stock worth $636,000 after buying an additional 2,668 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in shares of Ollie's Bargain Outlet by 130.5% in the fourth quarter. JPMorgan Chase & Co. now owns 436,366 shares of the company's stock worth $47,882,000 after buying an additional 247,065 shares during the period.

Insider Transactions at Ollie's Bargain Outlet

In other news, CEO Der Valk Eric Van sold 525 shares of the business's stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $112.94, for a total transaction of $59,293.50. Following the sale, the chief executive officer now owns 6,793 shares in the company, valued at approximately $767,201.42. The trade was a 7.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Robert F. Helm sold 312 shares of the business's stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $107.17, for a total value of $33,437.04. Following the sale, the chief financial officer now owns 3,273 shares in the company, valued at $350,767.41. The trade was a 8.70% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 37,897 shares of company stock worth $4,227,970. 0.75% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have recently commented on OLLI. Wall Street Zen raised Ollie's Bargain Outlet from a "sell" rating to a "hold" rating in a research note on Tuesday, May 13th. Truist Financial raised their price objective on Ollie's Bargain Outlet from $126.00 to $128.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. JPMorgan Chase & Co. boosted their price target on Ollie's Bargain Outlet from $135.00 to $137.00 and gave the stock an "overweight" rating in a report on Monday, May 19th. Royal Bank of Canada reissued an "outperform" rating and issued a $133.00 price target on shares of Ollie's Bargain Outlet in a report on Wednesday, June 4th. Finally, Morgan Stanley boosted their price target on Ollie's Bargain Outlet from $108.00 to $118.00 and gave the stock an "equal weight" rating in a report on Thursday, March 20th. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $124.50.

Ollie's Bargain Outlet Price Performance

NASDAQ:OLLI opened at $120.80 on Tuesday. Ollie's Bargain Outlet Holdings, Inc. has a 1 year low of $86.05 and a 1 year high of $122.15. The stock's 50 day simple moving average is $112.19 and its two-hundred day simple moving average is $109.09. The company has a market cap of $7.41 billion, a price-to-earnings ratio of 36.06, a PEG ratio of 2.21 and a beta of 0.37.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last released its quarterly earnings data 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. 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 for the quarter, compared to the consensus estimate of $565.04 million. During the same quarter in the previous year, the company posted $0.73 EPS. The company's revenue 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 EPS 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.

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