Capstone Investment Advisors LLC Buys 21,826 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Capstone Investment Advisors LLC lifted its stake in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 191.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,232 shares of the company’s stock after acquiring an additional 21,826 shares during the quarter. Capstone Investment Advisors LLC’s holdings in Ollie’s Bargain Outlet were worth $2,644,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the stock. Venturi Wealth Management LLC lifted its stake in shares of Ollie’s Bargain Outlet by 194.3% in the 1st quarter. Venturi Wealth Management LLC now owns 309 shares of the company’s stock valued at $25,000 after purchasing an additional 204 shares during the period. Blue Bell Private Wealth Management LLC acquired a new stake in shares of Ollie’s Bargain Outlet during the 1st quarter worth approximately $29,000. YHB Investment Advisors Inc. bought a new stake in shares of Ollie’s Bargain Outlet in the 1st quarter valued at $48,000. Partnership Wealth Management LLC acquired a new position in shares of Ollie’s Bargain Outlet during the 4th quarter valued at $68,000. Finally, CWM LLC boosted its stake in Ollie’s Bargain Outlet by 25.8% during the fourth quarter. CWM LLC now owns 1,741 shares of the company’s stock worth $132,000 after acquiring an additional 357 shares in the last quarter.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised shares of Ollie’s Bargain Outlet from a “neutral” rating to an “overweight” rating and set a $105.00 price objective on the stock in a research report on Monday, June 17th. Truist Financial reiterated a “buy” rating and issued a $102.00 target price on shares of Ollie’s Bargain Outlet in a report on Monday, July 1st. Bank of America boosted their price target on shares of Ollie’s Bargain Outlet from $92.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday, June 6th. Craig Hallum lifted their price objective on shares of Ollie’s Bargain Outlet from $100.00 to $105.00 and gave the company a “buy” rating in a report on Thursday, June 6th. Finally, Wells Fargo & Company upped their target price on shares of Ollie’s Bargain Outlet from $85.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, June 6th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $101.50.

Ollie’s Bargain Outlet Price Performance

Shares of NASDAQ OLLI traded up $1.63 during mid-day trading on Friday, reaching $98.55. 1,387,368 shares of the company’s stock were exchanged, compared to its average volume of 1,212,567. The firm has a 50-day moving average price of $84.45 and a two-hundred day moving average price of $78.12. The firm has a market capitalization of $6.03 billion, a price-to-earnings ratio of 31.09, a price-to-earnings-growth ratio of 2.63 and a beta of 0.90. Ollie’s Bargain Outlet Holdings, Inc. has a 52 week low of $61.60 and a 52 week high of $100.44.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings data on Wednesday, June 5th. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.08. The business had revenue of $508.82 million during the quarter, compared to the consensus estimate of $506.49 million. Ollie’s Bargain Outlet had a net margin of 9.14% and a return on equity of 13.22%. The firm’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.49 earnings per share. As a group, sell-side analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.26 EPS for the current fiscal year.

Insider Activity at Ollie’s Bargain Outlet

In other news, SVP Kevin Mclain sold 11,340 shares of the stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $85.75, for a total transaction of $972,405.00. Following the completion of the transaction, the senior vice president now owns 10,610 shares in the company, valued at approximately $909,807.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, SVP Kevin Mclain sold 11,340 shares of Ollie’s Bargain Outlet stock in a transaction on Wednesday, June 5th. The stock was 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 in the company, valued at $909,807.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Thomas Hendrickson sold 5,000 shares of the firm’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 approximately $409,089.11. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 37,384 shares of company stock worth $3,211,937. Insiders own 0.87% of the company’s stock.

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.