Whittier Trust Co. Acquires 2,161 Shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Whittier Trust Co. increased its holdings in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 1.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 113,308 shares of the company's stock after purchasing an additional 2,161 shares during the quarter. Whittier Trust Co. owned approximately 0.18% of Ollie's Bargain Outlet worth $13,184,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of 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 valued at $25,000 after purchasing an additional 191 shares during the period. HM Payson & Co. acquired a new stake in shares of Ollie's Bargain Outlet in the 1st quarter worth about $30,000. City Holding Co. acquired a new stake in shares of Ollie's Bargain Outlet in the 1st quarter worth about $31,000. Brown Brothers Harriman & Co. acquired a new stake in shares of Ollie's Bargain Outlet in the 4th quarter worth about $33,000. Finally, Putney Financial Group LLC acquired a new stake in shares of Ollie's Bargain Outlet in the 4th quarter worth about $33,000.

Ollie's Bargain Outlet Stock Performance

OLLI opened at $128.24 on Tuesday. The stock has a market capitalization of $7.87 billion, a PE ratio of 39.46, a price-to-earnings-growth ratio of 2.86 and a beta of 0.41. The stock's 50 day moving average price is $119.11 and its 200-day moving average price is $111.42. Ollie's Bargain Outlet Holdings, Inc. has a 52-week low of $86.05 and a 52-week high of $134.59.

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

Analyst Ratings Changes

A number of equities research analysts recently weighed in on OLLI shares. JPMorgan Chase & Co. upped their target price on shares of Ollie's Bargain Outlet from $135.00 to $137.00 and gave the stock an "overweight" rating in a report on Monday, May 19th. Piper Sandler reissued an "overweight" rating and set a $123.00 target price (down from $124.00) on shares of Ollie's Bargain Outlet in a research report on Wednesday, June 4th. UBS Group increased their target price on shares of Ollie's Bargain Outlet from $117.00 to $123.00 and gave the company a "neutral" rating in a research report on Thursday, March 20th. KeyCorp set a $145.00 target price on shares of Ollie's Bargain Outlet and gave the company an "overweight" rating in a research report on Thursday, June 26th. Finally, Loop Capital downgraded shares of 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 report on Tuesday, June 24th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Ollie's Bargain Outlet presently has a consensus rating of "Moderate Buy" and a consensus price target of $125.21.

Insider Transactions at Ollie's Bargain Outlet

In other Ollie's Bargain Outlet news, CEO Der Valk Eric Van sold 728 shares of the business's stock in a transaction 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 completion of the transaction, the chief executive officer directly owned 7,761 shares in the company, valued at approximately $875,828.85. The trade was a 8.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.87% of the company's stock.

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.

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