Victory Capital Management Inc. Increases Stock Holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Victory Capital Management Inc. boosted its position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 84.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 313,836 shares of the company’s stock after purchasing an additional 143,996 shares during the period. Victory Capital Management Inc.’s holdings in Ollie’s Bargain Outlet were worth $30,505,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Signaturefd LLC raised its position in shares of Ollie’s Bargain Outlet by 6.4% during the 2nd quarter. Signaturefd LLC now owns 1,727 shares of the company’s stock valued at $170,000 after buying an additional 104 shares during the period. Trust Point Inc. raised its position in Ollie’s Bargain Outlet by 1.0% in the third quarter. Trust Point Inc. now owns 13,184 shares of the company’s stock valued at $1,281,000 after purchasing an additional 134 shares during the period. GAMMA Investing LLC lifted its stake in shares of Ollie’s Bargain Outlet by 37.9% in the 3rd quarter. GAMMA Investing LLC now owns 651 shares of the company’s stock valued at $63,000 after purchasing an additional 179 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Ollie’s Bargain Outlet by 5.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,544 shares of the company’s stock worth $344,000 after purchasing an additional 188 shares during the period. Finally, Vista Investment Partners LLC increased its position in shares of Ollie’s Bargain Outlet by 1.8% during the 1st quarter. Vista Investment Partners LLC now owns 11,087 shares of the company’s stock worth $882,000 after purchasing an additional 191 shares during the last quarter.

Ollie’s Bargain Outlet Price Performance

OLLI opened at $91.93 on Friday. The stock has a market capitalization of $5.64 billion, a price-to-earnings ratio of 28.03, a PEG ratio of 2.29 and a beta of 0.84. The business has a fifty day moving average price of $95.31 and a 200 day moving average price of $91.90. 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 released its earnings results on Thursday, August 29th. The company reported $0.78 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.78. Ollie’s Bargain Outlet had a net margin of 9.19% and a return on equity of 13.27%. The firm had revenue of $578.38 million for the quarter, compared to analyst estimates of $561.60 million. During the same period in the prior year, the firm earned $0.67 earnings per share. The business’s quarterly revenue was up 12.4% compared to the same quarter last year. On average, research analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.27 earnings per share for the current year.

Analysts Set New Price Targets

OLLI has been the topic of a number of recent analyst reports. StockNews.com cut shares of Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research report on Tuesday, October 22nd. UBS Group upped 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 report on Friday, August 30th. JPMorgan Chase & Co. dropped their target price on shares of Ollie’s Bargain Outlet from $113.00 to $105.00 and set an “overweight” rating for the company in a report on Friday, August 30th. Loop Capital restated a “buy” rating and set a $110.00 price target on shares of Ollie’s Bargain Outlet in a research note on Friday, September 20th. Finally, Bank of America lifted their price objective on Ollie’s Bargain Outlet from $102.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, September 30th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, Ollie’s Bargain Outlet presently has an average rating of “Moderate Buy” and an average price target of $104.92.

Insider Activity

In related news, CFO Robert F. Helm sold 2,401 shares of the stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $94.68, for a total value of $227,326.68. Following the transaction, the chief financial officer now owns 2,021 shares of the company’s stock, valued at $191,348.28. This represents a 54.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Kevin Mclain sold 15,000 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $98.99, for a total value of $1,484,850.00. Following the completion of the sale, the senior vice president now owns 10,610 shares in the company, valued at approximately $1,050,283.90. This represents a 58.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 24,880 shares of company stock worth $2,462,470. 0.87% of the stock is currently owned by corporate insiders.

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.