Wealth Alliance LLC Takes $216,000 Position in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Wealth Alliance LLC acquired a new stake in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,857 shares of the company's stock, valued at approximately $216,000.

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

Insider Activity

In other Ollie's Bargain Outlet news, CEO Der Valk Eric Van sold 728 shares of the company's stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $112.85, for a total value of $82,154.80. Following the transaction, the chief executive officer directly owned 7,761 shares of the company's stock, valued at $875,828.85. This represents a 8.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.75% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have commented on OLLI shares. Truist Financial lifted 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. Piper Sandler restated an "overweight" rating and issued a $123.00 price target (down previously from $124.00) on shares of Ollie's Bargain Outlet in a report on Wednesday, June 4th. Royal Bank Of Canada restated an "outperform" rating and issued a $133.00 price target on shares of Ollie's Bargain Outlet in a report on Wednesday, June 4th. Loop Capital cut Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and set a $130.00 price target for the company. in a report on Tuesday, June 24th. Finally, JPMorgan Chase & Co. lifted their price target on Ollie's Bargain Outlet from $137.00 to $159.00 and gave the company an "overweight" rating in a report on Monday, July 21st. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $126.79.

Ollie's Bargain Outlet Price Performance

Ollie's Bargain Outlet stock traded up $1.98 during midday trading on Friday, hitting $133.73. 582,352 shares of the company were exchanged, compared to its average volume of 917,716. The company's fifty day moving average price is $122.91 and its 200-day moving average price is $112.96. The company has a market cap of $8.20 billion, a PE ratio of 41.15, a price-to-earnings-growth ratio of 3.01 and a beta of 0.41. Ollie's Bargain Outlet Holdings, Inc. has a fifty-two week low of $86.05 and a fifty-two week high of $136.98.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last released its quarterly earnings results on Tuesday, June 3rd. The company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.70 by $0.05. The firm had revenue of $576.77 million for the quarter, compared to analyst estimates of $565.04 million. Ollie's Bargain Outlet had a return on equity of 12.27% and a net margin of 8.59%. Ollie's Bargain Outlet's revenue for the quarter was up 13.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.73 EPS. On average, analysts expect that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

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.