Norden Group LLC Boosts Stock Position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Norden Group LLC boosted its holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 82.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,480 shares of the company’s stock after buying an additional 6,078 shares during the quarter. Norden Group LLC’s holdings in Ollie’s Bargain Outlet were worth $1,323,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of OLLI. Victory Capital Management Inc. grew its holdings in shares of Ollie’s Bargain Outlet by 2.6% during the fourth quarter. Victory Capital Management Inc. now owns 16,140 shares of the company’s stock worth $1,225,000 after purchasing an additional 404 shares during the last quarter. Natixis Advisors L.P. grew its holdings in shares of Ollie’s Bargain Outlet by 2.3% during the fourth quarter. Natixis Advisors L.P. now owns 27,605 shares of the company’s stock worth $2,094,000 after purchasing an additional 628 shares during the last quarter. Los Angeles Capital Management LLC purchased a new position in shares of Ollie’s Bargain Outlet during the fourth quarter worth about $221,000. Amalgamated Bank grew its holdings in shares of Ollie’s Bargain Outlet by 5.7% during the fourth quarter. Amalgamated Bank now owns 44,230 shares of the company’s stock worth $3,357,000 after purchasing an additional 2,401 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Ollie’s Bargain Outlet by 1.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 735,621 shares of the company’s stock worth $55,826,000 after purchasing an additional 13,181 shares during the last quarter.

Ollie’s Bargain Outlet Stock Performance

NASDAQ:OLLI traded down $0.43 during mid-day trading 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 firm has a market capitalization of $5.36 billion, a price-to-earnings ratio of 27.54, a PEG ratio of 2.43 and a beta of 0.84. Ollie’s Bargain Outlet Holdings, Inc. has a twelve month low of $68.05 and a twelve month high of $104.98. The business has a 50 day simple moving average of $95.76 and a 200 day simple moving average of $84.93.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings results on Thursday, August 29th. The company reported $0.78 EPS for the quarter, hitting the consensus estimate of $0.78. The business had revenue of $578.38 million for the quarter, compared to analyst estimates of $561.60 million. Ollie’s Bargain Outlet had a return on equity of 13.27% and a net margin of 9.19%. The company’s quarterly revenue was up 12.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.67 EPS. As a group, sell-side analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.27 earnings per share for the current year.

Insider Transactions at Ollie’s Bargain Outlet

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

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on OLLI. Truist Financial raised their price objective on Ollie’s Bargain Outlet from $102.00 to $109.00 and gave the stock a “buy” rating in a report on Friday, July 12th. Loop Capital increased their target price 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. Morgan Stanley increased their target price on shares of Ollie’s Bargain Outlet from $80.00 to $92.00 and gave the stock an “equal weight” rating in a research note on Thursday, June 6th. Royal Bank of Canada decreased their target price on shares of Ollie’s Bargain Outlet from $101.00 to $100.00 and set an “outperform” rating for the company in a research note on Friday, August 30th. Finally, Gordon Haskett upgraded shares of Ollie’s Bargain Outlet from an “accumulate” rating to a “buy” rating and increased their target price for the stock from $105.00 to $107.00 in a research note on Monday, August 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, Ollie’s Bargain Outlet currently has a consensus rating of “Moderate Buy” and a consensus price target of $103.33.

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.