26,767 Shares in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Bought by Universal Beteiligungs und Servicegesellschaft mbH

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH invested approximately $3.12 million in Ollie's Bargain Outlet, acquiring 26,767 shares during the first quarter.
• CEO Der Valk Eric Van sold 728 shares of Ollie's Bargain Outlet at an average price of $112.85, reducing his ownership in the company by 8.58%.
• Ollie's Bargain Outlet's recent earnings report showed a net margin of 8.59% and revenue growth of 13.4% year-over-year, exceeding analysts' estimates.

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 26,767 shares of the company's stock, valued at approximately $3,115,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Ollie's Bargain Outlet by 489.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 230 shares of the company's stock worth $25,000 after purchasing an additional 191 shares during the period. HM Payson & Co. bought a new stake in Ollie's Bargain Outlet during the first quarter worth about $30,000. City Holding Co. bought a new stake in Ollie's Bargain Outlet during the first quarter worth about $31,000. Brown Brothers Harriman & Co. bought a new stake in Ollie's Bargain Outlet during the fourth quarter worth about $33,000. Finally, Putney Financial Group LLC acquired a new position in Ollie's Bargain Outlet during the fourth quarter worth about $33,000.

Analysts Set New Price Targets

Several research analysts have commented on the company. Wall Street Zen raised Ollie's Bargain Outlet from a "sell" rating to a "hold" rating in a research note 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 reissued an "outperform" rating and set a $133.00 target price on shares of Ollie's Bargain Outlet in a research note on Wednesday, June 4th. Loop Capital downgraded Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and set a $130.00 target price for the company. in a research note on Tuesday, June 24th. Finally, Truist Financial boosted their target price 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. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $126.79.

Insider Activity

In other Ollie's Bargain Outlet news, CEO Der Valk Eric Van sold 728 shares of the 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 transaction, the chief executive officer directly owned 7,761 shares in the company, valued at approximately $875,828.85. This represents a 8.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.75% of the company's stock.

Ollie's Bargain Outlet Trading Down 1.4%

NASDAQ:OLLI traded down $1.88 on Thursday, reaching $136.63. 740,879 shares of the stock traded hands, compared to its average volume of 840,526. The firm has a market capitalization of $8.38 billion, a price-to-earnings ratio of 42.04, a price-to-earnings-growth ratio of 3.11 and a beta of 0.41. The company's 50 day moving average is $124.59 and its 200-day moving average is $113.84. Ollie's Bargain Outlet Holdings, Inc. has a 1-year low of $86.05 and a 1-year high of $140.25.

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 for the quarter, beating analysts' consensus estimates of $0.70 by $0.05. The business had revenue of $576.77 million during the quarter, compared to the consensus estimate of $565.04 million. Ollie's Bargain Outlet had a net margin of 8.59% and a return on equity of 12.27%. The company's revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.73 EPS. On average, equities research analysts forecast that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal 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.