Tributary Capital Management LLC Has $22.28 Million Stock Position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Tributary Capital Management LLC reduced its stake in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 1.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 279,979 shares of the company’s stock after selling 4,859 shares during the period. Ollie’s Bargain Outlet makes up approximately 1.8% of Tributary Capital Management LLC’s holdings, making the stock its 14th biggest holding. Tributary Capital Management LLC owned 0.46% of Ollie’s Bargain Outlet worth $22,278,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Partnership Wealth Management LLC acquired a new stake in Ollie’s Bargain Outlet during the 4th quarter worth approximately $68,000. CWM LLC raised its holdings in shares of Ollie’s Bargain Outlet by 25.8% in the fourth quarter. CWM LLC now owns 1,741 shares of the company’s stock valued at $132,000 after purchasing an additional 357 shares during the last quarter. Shelton Capital Management acquired a new stake in shares of Ollie’s Bargain Outlet in the third quarter valued at approximately $205,000. Coldstream Capital Management Inc. acquired a new stake in shares of Ollie’s Bargain Outlet in the fourth quarter valued at approximately $208,000. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Ollie’s Bargain Outlet in the fourth quarter valued at approximately $221,000.

Analysts Set New Price Targets

OLLI has been the topic of a number of recent research reports. Royal Bank of Canada lifted their price objective on shares of Ollie’s Bargain Outlet from $86.00 to $101.00 and gave the company an “outperform” rating in a report on Thursday, June 6th. JPMorgan Chase & Co. raised shares of Ollie’s Bargain Outlet from a “neutral” rating to an “overweight” rating and set a $105.00 target price for the company in a research note on Monday, June 17th. Piper Sandler raised their target price on shares of Ollie’s Bargain Outlet from $100.00 to $107.00 and gave the company an “overweight” rating in a research note on Tuesday, June 25th. UBS Group raised their target price on shares of Ollie’s Bargain Outlet from $95.00 to $97.00 and gave the company a “neutral” rating in a research note on Thursday, June 6th. Finally, Loop Capital raised their target price on shares of Ollie’s Bargain Outlet from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Monday, June 24th. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $101.50.

Ollie’s Bargain Outlet Stock Up 0.2 %

Shares of Ollie’s Bargain Outlet stock traded up $0.21 during trading on Monday, reaching $98.38. The company’s stock had a trading volume of 1,222,557 shares, compared to its average volume of 1,005,654. The business’s 50-day moving average price is $82.61 and its 200-day moving average price is $77.45. The firm has a market cap of $6.02 billion, a PE ratio of 31.03, a P/E/G ratio of 2.67 and a beta of 0.90. Ollie’s Bargain Outlet Holdings, Inc. has a 52 week low of $57.96 and a 52 week high of $100.44.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its earnings results on Wednesday, June 5th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.08. The company had revenue of $508.82 million during the quarter, compared to analysts’ expectations of $506.49 million. Ollie’s Bargain Outlet had a net margin of 9.14% and a return on equity of 13.22%. Ollie’s Bargain Outlet’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.49 earnings per share. Equities analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.26 earnings per share for the current year.

Insider Activity

In related news, Director Thomas Hendrickson sold 5,000 shares of the business’s stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $72.29, for a total value of $361,450.00. Following the completion of the transaction, the director now owns 5,659 shares of the company’s stock, valued at $409,089.11. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Thomas Hendrickson sold 5,000 shares of the business’s stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $72.29, for a total value of $361,450.00. Following the completion of the transaction, the director now owns 5,659 shares of the company’s stock, valued at $409,089.11. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Kevin Mclain sold 11,340 shares of the business’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $85.75, for a total value of $972,405.00. Following the completion of the transaction, the senior vice president now directly owns 10,610 shares of the company’s stock, valued at approximately $909,807.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 37,384 shares of company stock valued at $3,211,937. 0.87% of the stock is owned by company insiders.

Ollie’s Bargain Outlet Company 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.