Assenagon Asset Management S.A. Acquires New Stake in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Assenagon Asset Management S.A. bought a new stake in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 14,398 shares of the company's stock, valued at approximately $1,093,000.

Several other hedge funds have also bought and sold shares of OLLI. Operose Advisors LLC bought a new stake in shares of Ollie's Bargain Outlet in the 3rd quarter worth approximately $26,000. Creative Planning bought a new stake in shares of Ollie's Bargain Outlet in the 3rd quarter worth approximately $46,000. Captrust Financial Advisors lifted its holdings in shares of Ollie's Bargain Outlet by 81.1% in the 2nd quarter. Captrust Financial Advisors now owns 1,411 shares of the company's stock worth $83,000 after acquiring an additional 632 shares during the last quarter. CWM LLC lifted its holdings in shares of Ollie's Bargain Outlet by 58.5% in the 3rd quarter. CWM LLC now owns 1,384 shares of the company's stock worth $107,000 after acquiring an additional 511 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new stake in shares of Ollie's Bargain Outlet in the 3rd quarter worth approximately $143,000.

Ollie's Bargain Outlet Price Performance

Ollie's Bargain Outlet stock traded up $2.27 during mid-day trading on Friday, reaching $73.43. 1,179,304 shares of the company traded hands, compared to its average volume of 1,221,127. The firm's 50 day moving average price is $76.42 and its 200 day moving average price is $75.35. The firm has a market capitalization of $4.51 billion, a price-to-earnings ratio of 25.15 and a beta of 0.76. Ollie's Bargain Outlet Holdings, Inc. has a 52-week low of $52.93 and a 52-week high of $84.38.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last released its earnings results on Wednesday, March 20th. The company reported $1.23 earnings per share for the quarter, topping analysts' consensus estimates of $1.16 by $0.07. The firm had revenue of $648.90 million for the quarter, compared to the consensus estimate of $649.39 million. Ollie's Bargain Outlet had a net margin of 8.63% and a return on equity of 12.55%. The company's revenue was up 18.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.84 EPS. On average, sell-side analysts anticipate that Ollie's Bargain Outlet Holdings, Inc. will post 3.18 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Craig Hallum boosted their price objective on shares of Ollie's Bargain Outlet from $98.00 to $100.00 and gave the stock a "buy" rating in a report on Thursday, March 21st. The Goldman Sachs Group boosted their price objective on shares of Ollie's Bargain Outlet from $91.00 to $104.00 and gave the stock a "buy" rating in a report on Thursday, March 21st. Loop Capital upgraded shares of Ollie's Bargain Outlet from a "hold" rating to a "buy" rating and upped their price target for the company from $80.00 to $90.00 in a report on Friday. TheStreet lowered shares of Ollie's Bargain Outlet from a "b" rating to a "c+" rating in a report on Thursday, December 14th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Ollie's Bargain Outlet from $88.00 to $85.00 and set a "neutral" rating for the company in a report on Thursday, March 21st. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, Ollie's Bargain Outlet presently has an average rating of "Moderate Buy" and a consensus price target of $84.92.

Insider Transactions at Ollie's Bargain Outlet

In other news, CEO John W. Swygert sold 11,756 shares of the company's stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $75.22, for a total value of $884,286.32. Following the sale, the chief executive officer now directly owns 48,200 shares of the company's stock, valued at approximately $3,625,604. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO John W. Swygert sold 11,756 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $75.22, for a total transaction of $884,286.32. Following the sale, the chief executive officer now directly owns 48,200 shares of the company's stock, valued at approximately $3,625,604. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO John W. Swygert sold 5,000 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $82.57, for a total transaction of $412,850.00. Following the sale, the chief executive officer now directly owns 48,200 shares in the company, valued at $3,979,874. The disclosure for this sale can be found here. Insiders have sold 22,171 shares of company stock valued at $1,722,888 in the last three months. 0.86% of the stock is currently owned by company insiders.

Ollie's Bargain Outlet Company Profile

Ollie's Bargain Outlet Holdings, Inc operates as a retailer of brand name merchandise in the United States. The company offers housewares, bed and bath, food, floor coverings, health and beauty aids, books and stationery, toys, and electronics; and other products, including hardware, candy, clothing, sporting goods, pet and lawn, and garden products.