Victory Capital Management Inc. Purchases 143,996 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Victory Capital Management Inc. increased its position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 84.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 313,836 shares of the company’s stock after acquiring an additional 143,996 shares during the quarter. Victory Capital Management Inc. owned about 0.51% of Ollie’s Bargain Outlet worth $30,505,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of OLLI. Capital Research Global Investors acquired a new position in shares of Ollie’s Bargain Outlet during the first quarter worth $136,978,000. D. E. Shaw & Co. Inc. raised its stake in Ollie’s Bargain Outlet by 953.2% in the second quarter. D. E. Shaw & Co. Inc. now owns 566,738 shares of the company’s stock valued at $55,637,000 after buying an additional 512,928 shares during the last quarter. Los Angeles Capital Management LLC raised its stake in Ollie’s Bargain Outlet by 199.3% in the second quarter. Los Angeles Capital Management LLC now owns 560,054 shares of the company’s stock valued at $54,981,000 after buying an additional 372,914 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Ollie’s Bargain Outlet by 6.2% in the first quarter. Vanguard Group Inc. now owns 5,882,908 shares of the company’s stock worth $468,103,000 after acquiring an additional 343,903 shares in the last quarter. Finally, F M Investments LLC purchased a new stake in shares of Ollie’s Bargain Outlet during the second quarter worth about $13,852,000.

Insider Buying and Selling

In related news, President Der Valk Eric Van sold 7,479 shares of the stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $100.32, for a total value of $750,293.28. Following the completion of the transaction, the president now directly owns 5,615 shares of the company’s stock, valued at approximately $563,296.80. This represents a 57.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Robert F. Helm sold 2,401 shares of the stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $94.68, for a total transaction of $227,326.68. Following the completion of the sale, the chief financial officer now owns 2,021 shares of the company’s stock, valued at $191,348.28. This trade represents a 54.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 24,880 shares of company stock valued at $2,462,470. 0.87% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on OLLI. UBS Group increased their price objective on shares of Ollie’s Bargain Outlet from $97.00 to $99.00 and gave the company a “neutral” rating in a research report on Friday, August 30th. Loop Capital reiterated a “buy” rating and set a $110.00 price objective on shares of Ollie’s Bargain Outlet in a research note on Friday, September 20th. Bank of America upped their target price on Ollie’s Bargain Outlet from $102.00 to $115.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Royal Bank of Canada lifted their price target on Ollie’s Bargain Outlet from $100.00 to $106.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. Finally, Gordon Haskett raised Ollie’s Bargain Outlet from an “accumulate” rating to a “buy” rating and increased their price objective for the company from $105.00 to $107.00 in a report on Monday, August 26th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, Ollie’s Bargain Outlet presently has a consensus rating of “Moderate Buy” and a consensus price target of $104.92.

Ollie’s Bargain Outlet Stock Down 0.6 %

Ollie’s Bargain Outlet stock opened at $91.93 on Friday. The business’s 50-day moving average price is $95.31 and its 200 day moving average price is $91.90. The firm has a market cap of $5.64 billion, a price-to-earnings ratio of 28.03, a price-to-earnings-growth ratio of 2.29 and a beta of 0.84. Ollie’s Bargain Outlet Holdings, Inc. has a 52 week low of $68.05 and a 52 week high of $104.98.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings data on Thursday, August 29th. The company reported $0.78 EPS 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 business had revenue of $578.38 million for the quarter, compared to analysts’ expectations of $561.60 million. During the same quarter last year, the company earned $0.67 EPS. The business’s revenue was up 12.4% on a year-over-year basis. Equities analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.27 EPS for the current year.

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.