Aigen Investment Management LP Invests $2.25 Million in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Aigen Investment Management LP acquired a new position in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 29,589 shares of the company's stock, valued at approximately $2,246,000.

A number of other large investors have also modified their holdings of OLLI. Vanguard Group Inc. boosted its stake in Ollie's Bargain Outlet by 1.0% in the third quarter. Vanguard Group Inc. now owns 5,495,026 shares of the company's stock valued at $424,106,000 after acquiring an additional 54,941 shares in the last quarter. Wellington Management Group LLP boosted its stake in Ollie's Bargain Outlet by 141.5% in the third quarter. Wellington Management Group LLP now owns 1,075,882 shares of the company's stock valued at $83,037,000 after acquiring an additional 630,298 shares in the last quarter. Geneva Capital Management LLC boosted its stake in Ollie's Bargain Outlet by 0.4% in the fourth quarter. Geneva Capital Management LLC now owns 1,037,404 shares of the company's stock valued at $78,729,000 after acquiring an additional 4,523 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Ollie's Bargain Outlet by 76.1% during the third quarter. Invesco Ltd. now owns 831,522 shares of the company's stock worth $64,177,000 after buying an additional 359,371 shares during the period. Finally, Norges Bank acquired a new stake in shares of Ollie's Bargain Outlet during the fourth quarter worth about $59,215,000.

Wall Street Analysts Forecast Growth

OLLI has been the subject of several recent research reports. The Goldman Sachs Group increased their target price on shares of Ollie's Bargain Outlet from $91.00 to $104.00 and gave the stock a "buy" rating in a research note on Thursday, March 21st. Bank of America started coverage on shares of Ollie's Bargain Outlet in a research note on Monday, May 6th. They set a "buy" rating and a $92.00 target price for the company. JPMorgan Chase & Co. cut 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. Craig Hallum increased their price target 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. Finally, Loop Capital raised shares of Ollie's Bargain Outlet from a "hold" rating to a "buy" rating and increased their price target for the stock from $80.00 to $90.00 in a report on Friday, April 5th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $87.08.

Ollie's Bargain Outlet Price Performance

OLLI stock traded down $0.19 during midday trading on Monday, hitting $73.17. The stock had a trading volume of 892,992 shares, compared to its average volume of 909,230. The firm has a market cap of $4.48 billion, a PE ratio of 25.06, a price-to-earnings-growth ratio of 2.22 and a beta of 0.76. Ollie's Bargain Outlet Holdings, Inc. has a 12-month low of $52.93 and a 12-month high of $84.38. The company's 50-day moving average price is $74.67 and its 200 day moving average price is $75.16.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last released its earnings results on Wednesday, March 20th. The company reported $1.23 EPS for the quarter, topping the consensus estimate of $1.16 by $0.07. The firm had revenue of $648.90 million during the quarter, compared to analysts' expectations of $649.39 million. Ollie's Bargain Outlet had a net margin of 8.63% and a return on equity of 12.55%. Ollie's Bargain Outlet's revenue for the quarter was up 18.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.84 EPS. As a group, sell-side analysts anticipate that Ollie's Bargain Outlet Holdings, Inc. will post 3.19 EPS for the current year.

Insider Activity

In related news, CFO Robert F. Helm sold 2,317 shares of the company's stock in a transaction on Monday, March 25th. The shares were sold at an average price of $78.14, for a total transaction of $181,050.38. Following the completion of the sale, the chief financial officer now directly owns 1,777 shares of the company's stock, valued at approximately $138,854.78. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Ollie's Bargain Outlet news, CFO Robert F. Helm sold 2,317 shares of the business's stock in a transaction on Monday, March 25th. The shares were sold at an average price of $78.14, for a total value of $181,050.38. Following the transaction, the chief financial officer now owns 1,777 shares in the company, valued at approximately $138,854.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO John W. Swygert sold 5,000 shares of the business's stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $82.57, for a total transaction of $412,850.00. Following the completion of the transaction, the chief executive officer now owns 48,200 shares in the company, valued at approximately $3,979,874. The disclosure for this sale can be found here. Insiders sold 27,341 shares of company stock valued at $2,097,938 in the last ninety days. Company insiders own 0.87% of the company's stock.

About Ollie's Bargain Outlet

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.

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