Hudson Edge Investment Partners Inc. Invests $498,000 in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Hudson Edge Investment Partners Inc. purchased a new position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 5,073 shares of the company’s stock, valued at approximately $498,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in OLLI. International Assets Investment Management LLC bought a new stake in Ollie’s Bargain Outlet in the second quarter valued at $25,000. Opal Wealth Advisors LLC bought a new stake in Ollie’s Bargain Outlet in the 2nd quarter valued at about $31,000. Blue Bell Private Wealth Management LLC acquired a new position in Ollie’s Bargain Outlet during the 1st quarter valued at about $29,000. Crewe Advisors LLC bought a new position in Ollie’s Bargain Outlet in the 2nd quarter worth about $36,000. Finally, ORG Partners LLC bought a new position in Ollie’s Bargain Outlet in the 1st quarter worth about $28,000.

Analyst Ratings Changes

Several equities analysts have recently issued reports on OLLI shares. Gordon Haskett upgraded Ollie’s Bargain Outlet from an “accumulate” rating to a “buy” rating and boosted their price objective for the stock from $105.00 to $107.00 in a research report on Monday, August 26th. Piper Sandler reiterated an “overweight” rating and set a $107.00 price target on shares of Ollie’s Bargain Outlet in a research report on Friday, August 30th. UBS Group increased their price target on Ollie’s Bargain Outlet from $97.00 to $99.00 and gave the stock a “neutral” rating in a research note on Friday, August 30th. JPMorgan Chase & Co. cut their price objective on shares of Ollie’s Bargain Outlet from $113.00 to $105.00 and set an “overweight” rating on the stock in a research note on Friday, August 30th. Finally, Craig Hallum upped their price objective on shares of Ollie’s Bargain Outlet from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Thursday, June 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, Ollie’s Bargain Outlet currently has an average rating of “Moderate Buy” and a consensus target price of $103.33.

Insider Buying and Selling

In other news, Director Thomas Hendrickson sold 4,500 shares of the company’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $97.54, for a total transaction of $438,930.00. Following the completion of the sale, the director now directly owns 5,659 shares of the company’s stock, valued at $551,978.86. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Thomas Hendrickson sold 4,500 shares of the business’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $97.54, for a total transaction of $438,930.00. Following the sale, the director now owns 5,659 shares in the company, valued at $551,978.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP James J. Comitale sold 2,153 shares of the company’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $104.17, for a total transaction of $224,278.01. Following the completion of the sale, the senior vice president now owns 2,732 shares of the company’s stock, valued at approximately $284,592.44. The disclosure for this sale can be found here. Insiders own 0.87% of the company’s stock.

Ollie’s Bargain Outlet Price Performance

Shares of OLLI traded down $0.43 during mid-day trading on Friday, hitting $87.31. The company’s stock had a trading volume of 990,059 shares, compared to its average volume of 1,038,620. The firm has a 50-day moving average price of $95.76 and a 200 day moving average price of $84.96. Ollie’s Bargain Outlet Holdings, Inc. has a fifty-two week low of $68.05 and a fifty-two week high of $104.98. The stock has a market capitalization of $5.34 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 (NASDAQ:OLLI) last posted its quarterly earnings results on Thursday, August 29th. The company reported $0.78 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.78. The firm had revenue of $578.38 million for the quarter, compared to analyst estimates of $561.60 million. Ollie’s Bargain Outlet had a net margin of 9.19% and a return on equity of 13.27%. The firm’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.67 earnings per share. As a group, equities analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.27 EPS for the current fiscal year.

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.