Iberiabank Corp purchased a new position in Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,110 shares of the company’s stock, valued at approximately $206,000.
Several other large investors also recently modified their holdings of the company. Wasatch Advisors Inc. boosted its stake in Ollie’s Bargain Outlet by 35.2% in the first quarter. Wasatch Advisors Inc. now owns 4,197,944 shares of the company’s stock worth $194,533,000 after buying an additional 1,093,146 shares in the last quarter. Riverbridge Partners LLC purchased a new stake in shares of Ollie’s Bargain Outlet in the 1st quarter valued at $44,437,000. Bank of New York Mellon Corp boosted its stake in shares of Ollie’s Bargain Outlet by 81.9% in the 1st quarter. Bank of New York Mellon Corp now owns 1,853,488 shares of the company’s stock valued at $85,891,000 after purchasing an additional 834,383 shares in the last quarter. Baird Financial Group Inc. grew its holdings in shares of Ollie’s Bargain Outlet by 21,449.7% during the 1st quarter. Baird Financial Group Inc. now owns 796,261 shares of the company’s stock valued at $36,899,000 after purchasing an additional 792,566 shares during the last quarter. Finally, Anchor Capital Advisors LLC purchased a new position in Ollie’s Bargain Outlet in the 1st quarter worth $25,170,000.
Several analysts have issued reports on the stock. TheStreet upgraded shares of Ollie’s Bargain Outlet from a “c+” rating to a “b-” rating in a research report on Wednesday, June 3rd. Stephens increased their target price on Ollie’s Bargain Outlet from $54.00 to $104.00 and gave the company an “overweight” rating in a report on Friday, May 29th. Goldman Sachs Group initiated coverage on Ollie’s Bargain Outlet in a research note on Monday, May 18th. They issued a “buy” rating and a $84.00 price target on the stock. Loop Capital increased their price objective on Ollie’s Bargain Outlet from $33.00 to $85.00 and gave the company a “hold” rating in a research note on Friday, May 29th. Finally, JPMorgan Chase & Co. raised their target price on shares of Ollie’s Bargain Outlet from $102.00 to $124.00 and gave the stock an “overweight” rating in a report on Wednesday, July 22nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $97.13.
Shares of OLLI opened at $105.10 on Friday. Ollie’s Bargain Outlet Holdings Inc has a 1-year low of $28.83 and a 1-year high of $110.17. The company has a current ratio of 2.48, a quick ratio of 0.68 and a debt-to-equity ratio of 0.27. The firm’s 50-day moving average price is $98.86 and its 200-day moving average price is $69.65. The firm has a market capitalization of $6.71 billion, a price-to-earnings ratio of 50.77, a PEG ratio of 1.79 and a beta of 1.35.
Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings data on Thursday, May 28th. The company reported $0.49 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.16. Ollie’s Bargain Outlet had a net margin of 9.48% and a return on equity of 12.56%. The business had revenue of $349.40 million during the quarter, compared to analyst estimates of $322.90 million. During the same period last year, the business posted $0.46 earnings per share. Ollie’s Bargain Outlet’s quarterly revenue was up 7.5% compared to the same quarter last year. On average, research analysts forecast that Ollie’s Bargain Outlet Holdings Inc will post 2.74 EPS for the current fiscal year.
Ollie’s Bargain Outlet Profile
Ollie's Bargain Outlet Holdings, Inc operates as a retailer of brand name merchandise. The company offers food products, housewares, books and stationery, bed and bath products, health and beauty products, floor coverings, electronics, and toys; and other products, including hardware, personal health care, candy, clothing, sporting, pet and lawn, and garden products.
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