Whittier Trust Co. of Nevada Inc. Grows Position in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Whittier Trust Co. of Nevada Inc. lifted its holdings in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 4.2% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 58,641 shares of the company's stock after purchasing an additional 2,382 shares during the period. Whittier Trust Co. of Nevada Inc. owned about 0.10% of Ollie's Bargain Outlet worth $6,823,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of OLLI. Whittier Trust Co. lifted its holdings in Ollie's Bargain Outlet by 1.9% during the first quarter. Whittier Trust Co. now owns 113,308 shares of the company's stock worth $13,184,000 after buying an additional 2,161 shares during the period. Edgestream Partners L.P. raised its holdings in Ollie's Bargain Outlet by 663.9% in the first quarter. Edgestream Partners L.P. now owns 74,290 shares of the company's stock worth $8,644,000 after purchasing an additional 64,565 shares in the last quarter. Louisiana State Employees Retirement System lifted its position in Ollie's Bargain Outlet by 1.2% during the first quarter. Louisiana State Employees Retirement System now owns 17,200 shares of the company's stock valued at $2,001,000 after acquiring an additional 200 shares during the last quarter. Stephens Investment Management Group LLC grew its holdings in Ollie's Bargain Outlet by 13.3% in the first quarter. Stephens Investment Management Group LLC now owns 809,282 shares of the company's stock worth $94,168,000 after purchasing an additional 95,204 shares during the last quarter. Finally, Emerald Advisers LLC increased its position in shares of Ollie's Bargain Outlet by 9.8% during the first quarter. Emerald Advisers LLC now owns 279,815 shares of the company's stock worth $32,559,000 after purchasing an additional 24,993 shares in the last quarter.

Ollie's Bargain Outlet Stock Up 3.4%

OLLI stock traded up $4.36 during midday trading on Thursday, hitting $131.71. The company's stock had a trading volume of 526,249 shares, compared to its average volume of 1,162,770. Ollie's Bargain Outlet Holdings, Inc. has a 52-week low of $86.05 and a 52-week high of $134.59. The firm has a 50-day simple moving average of $120.07 and a 200-day simple moving average of $111.68. The firm has a market capitalization of $8.08 billion, a P/E ratio of 40.57, a PEG ratio of 2.77 and a beta of 0.41.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last posted its quarterly earnings results on Tuesday, June 3rd. The company reported $0.75 earnings per share (EPS) for the quarter, beating 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 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% compared to the same quarter last year. During the same quarter last year, the company earned $0.73 EPS. On average, sell-side analysts expect that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on OLLI shares. UBS Group raised their price target on Ollie's Bargain Outlet from $117.00 to $123.00 and gave the stock a "neutral" rating in a report on Thursday, March 20th. Piper Sandler restated an "overweight" rating and set a $123.00 price target (down previously from $124.00) on shares of Ollie's Bargain Outlet in a research note on Wednesday, June 4th. KeyCorp set a $145.00 target price on Ollie's Bargain Outlet and gave the stock an "overweight" rating in a report on Thursday, June 26th. Truist Financial increased their price target on Ollie's Bargain Outlet from $126.00 to $128.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Finally, Loop Capital lowered 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 report on Tuesday, June 24th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $125.21.

Insider Activity

In related 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 completion of 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.75% of the company's stock.

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.