Wolf Group Capital Advisors Sells 2,426 Shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Wolf Group Capital Advisors decreased its holdings in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 21.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,050 shares of the company's stock after selling 2,426 shares during the period. Wolf Group Capital Advisors' holdings in Ollie's Bargain Outlet were worth $1,053,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Ollie's Bargain Outlet by 489.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 230 shares of the company's stock worth $25,000 after acquiring an additional 191 shares during the period. Blue Trust Inc. increased its stake in shares of Ollie's Bargain Outlet by 55.2% in the fourth quarter. Blue Trust Inc. now owns 284 shares of the company's stock worth $31,000 after purchasing an additional 101 shares in the last quarter. City Holding Co. purchased a new stake in shares of Ollie's Bargain Outlet in the first quarter worth $31,000. Brown Brothers Harriman & Co. bought a new stake in shares of Ollie's Bargain Outlet during the 4th quarter valued at $33,000. Finally, Putney Financial Group LLC purchased a new position in shares of Ollie's Bargain Outlet during the 4th quarter valued at $33,000.

Ollie's Bargain Outlet Stock Performance

Shares of OLLI traded up $4.20 during mid-day trading on Wednesday, hitting $120.32. 1,480,134 shares of the stock were exchanged, compared to its average volume of 1,166,424. The company has a market cap of $7.38 billion, a PE ratio of 37.02, a price-to-earnings-growth ratio of 2.72 and a beta of 0.37. Ollie's Bargain Outlet Holdings, Inc. has a 52-week low of $86.05 and a 52-week high of $122.15. The firm has a 50-day moving average of $112.31 and a two-hundred day moving average of $109.13.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last released 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. Ollie's Bargain Outlet had a net margin of 8.59% and a return on equity of 12.27%. The company had revenue of $576.77 million for the quarter, compared to the consensus estimate of $565.04 million. During the same quarter in the prior year, the firm earned $0.73 earnings per share. Ollie's Bargain Outlet's revenue was up 13.4% on a year-over-year basis. On average, sell-side analysts predict that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

Insider Activity

In other news, Director Robert Fisch sold 6,250 shares of the business's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $108.08, for a total transaction of $675,500.00. Following the transaction, the director now owns 22,159 shares of the company's stock, valued at approximately $2,394,944.72. The trade was a 22.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Der Valk Eric Van sold 1,153 shares of the firm's stock in a transaction on Monday, March 31st. The stock was sold at an average price of $110.85, for a total value of $127,810.05. Following the completion of the sale, the chief executive officer now owns 6,768 shares of the company's stock, valued at approximately $750,232.80. This represents a 14.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 38,625 shares of company stock worth $4,310,125. 0.87% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. KeyCorp reiterated an "overweight" rating and issued a $135.00 price target on shares of Ollie's Bargain Outlet in a research note on Wednesday, June 4th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $133.00 price objective on shares of Ollie's Bargain Outlet in a research note on Wednesday, June 4th. Piper Sandler reissued 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 boosted their price target on Ollie's Bargain Outlet from $126.00 to $128.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Finally, Wall Street Zen upgraded Ollie's Bargain Outlet from a "sell" rating to a "hold" rating in a research note on Tuesday, May 13th. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $124.50.

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.