Hudson Edge Investment Partners Inc. Buys New Shares in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Hudson Edge Investment Partners Inc. purchased a new position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 5,073 shares of the company’s stock, valued at approximately $498,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in OLLI. Emerald Advisers LLC boosted its position in shares of Ollie’s Bargain Outlet by 16.2% in the second quarter. Emerald Advisers LLC now owns 219,404 shares of the company’s stock worth $21,539,000 after acquiring an additional 30,648 shares during the last quarter. Emerald Mutual Fund Advisers Trust boosted its holdings in shares of Ollie’s Bargain Outlet by 20.4% in the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 178,567 shares of the company’s stock valued at $17,530,000 after purchasing an additional 30,217 shares during the last quarter. Norden Group LLC boosted its holdings in shares of Ollie’s Bargain Outlet by 82.1% in the 2nd quarter. Norden Group LLC now owns 13,480 shares of the company’s stock valued at $1,323,000 after purchasing an additional 6,078 shares during the last quarter. Cullen Frost Bankers Inc. grew its stake in shares of Ollie’s Bargain Outlet by 56.3% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 2,312 shares of the company’s stock valued at $227,000 after buying an additional 833 shares during the period. Finally, Los Angeles Capital Management LLC increased its holdings in shares of Ollie’s Bargain Outlet by 199.3% during the 2nd quarter. Los Angeles Capital Management LLC now owns 560,054 shares of the company’s stock worth $54,981,000 after buying an additional 372,914 shares during the last quarter.

Insider Buying and Selling

In other news, SVP James J. Comitale sold 2,153 shares of the business’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $104.17, for a total value of $224,278.01. Following the completion of the sale, the senior vice president now owns 2,732 shares of the company’s stock, valued at approximately $284,592.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Thomas Hendrickson sold 4,500 shares of the company’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $97.54, for a total transaction of $438,930.00. Following the sale, the director now directly owns 5,659 shares of the company’s stock, valued at approximately $551,978.86. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP James J. Comitale sold 2,153 shares of Ollie’s Bargain Outlet stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $104.17, for a total transaction of $224,278.01. Following the completion of the transaction, the senior vice president now directly owns 2,732 shares of the company’s stock, valued at approximately $284,592.44. The disclosure for this sale can be found here. Insiders own 0.87% of the company’s stock.

Ollie’s Bargain Outlet Trading Down 0.5 %

NASDAQ:OLLI traded down $0.43 on Friday, reaching $87.31. The stock had a trading volume of 990,059 shares, compared to its average volume of 1,038,620. The company has a 50-day moving average of $95.76 and a 200 day moving average of $84.96. The stock has a market cap of $5.34 billion, a P/E ratio of 27.54, a price-to-earnings-growth ratio of 2.43 and a beta of 0.84. Ollie’s Bargain Outlet Holdings, Inc. has a 12-month low of $68.05 and a 12-month high of $104.98.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings data on Thursday, August 29th. The company reported $0.78 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.78. Ollie’s Bargain Outlet had a return on equity of 13.27% and a net margin of 9.19%. The firm had revenue of $578.38 million during the quarter, compared to analyst estimates of $561.60 million. During the same quarter last year, the firm earned $0.67 EPS. Ollie’s Bargain Outlet’s quarterly revenue was up 12.4% on a year-over-year basis. On average, equities analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.27 EPS for the current year.

Analyst Ratings Changes

OLLI has been the subject of a number of research reports. Morgan Stanley boosted their price target on Ollie’s Bargain Outlet from $80.00 to $92.00 and gave the company an “equal weight” rating in a research report on Thursday, June 6th. Craig Hallum increased their target price on shares of Ollie’s Bargain Outlet from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Thursday, June 6th. JPMorgan Chase & Co. cut their price target on shares of Ollie’s Bargain Outlet from $113.00 to $105.00 and set an “overweight” rating on the stock in a report on Friday, August 30th. Loop Capital boosted their price objective on shares of Ollie’s Bargain Outlet from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Monday, June 24th. Finally, UBS Group increased their price objective on shares of Ollie’s Bargain Outlet from $97.00 to $99.00 and gave the stock a “neutral” rating in a research report on Friday, August 30th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, Ollie’s Bargain Outlet presently has a consensus rating of “Moderate Buy” and an average target price of $103.33.

Ollie’s Bargain Outlet 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.