Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Shares Purchased by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. grew its position in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 4.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,641 shares of the company's stock after purchasing an additional 2,382 shares during the quarter. Whittier Trust Co. of Nevada Inc. owned approximately 0.10% of Ollie's Bargain Outlet worth $6,823,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Whittier Trust Co. increased its holdings in shares of Ollie's Bargain Outlet by 1.9% during the 1st quarter. Whittier Trust Co. now owns 113,308 shares of the company's stock valued at $13,184,000 after purchasing an additional 2,161 shares in the last quarter. Edgestream Partners L.P. increased its holdings in Ollie's Bargain Outlet by 663.9% in the 1st quarter. Edgestream Partners L.P. now owns 74,290 shares of the company's stock worth $8,644,000 after acquiring an additional 64,565 shares in the last quarter. Louisiana State Employees Retirement System increased its holdings in Ollie's Bargain Outlet by 1.2% in the 1st quarter. Louisiana State Employees Retirement System now owns 17,200 shares of the company's stock worth $2,001,000 after acquiring an additional 200 shares in the last quarter. Stephens Investment Management Group LLC increased its holdings in Ollie's Bargain Outlet by 13.3% in the 1st quarter. Stephens Investment Management Group LLC now owns 809,282 shares of the company's stock worth $94,168,000 after acquiring an additional 95,204 shares in the last quarter. Finally, Emerald Advisers LLC increased its holdings in Ollie's Bargain Outlet by 9.8% in the 1st quarter. Emerald Advisers LLC now owns 279,815 shares of the company's stock worth $32,559,000 after acquiring an additional 24,993 shares in the last quarter.

Ollie's Bargain Outlet Trading Up 0.2%

OLLI traded up $0.27 on Friday, hitting $132.16. The company had a trading volume of 875,085 shares, compared to its average volume of 1,163,336. The firm has a market cap of $8.11 billion, a P/E ratio of 40.66, a PEG ratio of 2.97 and a beta of 0.41. Ollie's Bargain Outlet Holdings, Inc. has a 1 year low of $86.05 and a 1 year high of $134.59. The company's fifty day moving average price is $121.04 and its 200 day moving average price is $111.99.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last issued its quarterly earnings data on Tuesday, June 3rd. The company reported $0.75 earnings per share (EPS) for the quarter, beating 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 net margin of 8.59% and a return on equity of 12.27%. Ollie's Bargain Outlet's revenue was up 13.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.73 EPS. On average, analysts predict that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

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 dated Friday, June 13th. The shares were sold at an average price of $112.85, for a total transaction of $82,154.80. Following the sale, the chief executive officer directly owned 7,761 shares in the company, 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 Securities & Exchange Commission, which is available at the SEC website. 0.75% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. KeyCorp set a $145.00 price target on shares of Ollie's Bargain Outlet and gave the stock an "overweight" rating in a report on Thursday, June 26th. Piper Sandler reaffirmed an "overweight" rating and set a $123.00 target price (down previously from $124.00) on shares of Ollie's Bargain Outlet in a research note on Wednesday, June 4th. Truist Financial lifted their target price on shares of 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. Royal Bank Of Canada reaffirmed 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. Finally, Loop Capital cut shares of Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and set a $130.00 target price on the stock. in a research note on Tuesday, June 24th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Ollie's Bargain Outlet currently has a consensus rating of "Moderate Buy" and a consensus price target of $125.21.

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.