Assenagon Asset Management S.A. Buys Shares of 107,605 Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Assenagon Asset Management S.A. purchased a new position in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 107,605 shares of the company's stock, valued at approximately $11,807,000. Assenagon Asset Management S.A. owned approximately 0.18% of Ollie's Bargain Outlet at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of OLLI. D. E. Shaw & Co. Inc. lifted its position in Ollie's Bargain Outlet by 953.2% during the second quarter. D. E. Shaw & Co. Inc. now owns 566,738 shares of the company's stock valued at $55,637,000 after purchasing an additional 512,928 shares during the last quarter. Holocene Advisors LP grew its position in Ollie's Bargain Outlet by 10,159.3% in the third quarter. Holocene Advisors LP now owns 471,413 shares of the company's stock worth $45,821,000 after acquiring an additional 466,818 shares in the last quarter. Wellington Management Group LLP increased its stake in Ollie's Bargain Outlet by 155.8% in the third quarter. Wellington Management Group LLP now owns 483,044 shares of the company's stock valued at $46,952,000 after acquiring an additional 294,217 shares during the last quarter. Loomis Sayles & Co. L P purchased a new stake in Ollie's Bargain Outlet during the third quarter valued at about $16,590,000. Finally, Victory Capital Management Inc. lifted its stake in Ollie's Bargain Outlet by 84.8% during the third quarter. Victory Capital Management Inc. now owns 313,836 shares of the company's stock worth $30,505,000 after purchasing an additional 143,996 shares during the last quarter.

Insiders Place Their Bets

In related news, Director Thomas Hendrickson sold 6,250 shares of the firm's stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $114.74, for a total transaction of $717,125.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP James J. Comitale sold 5,325 shares of the stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $113.95, for a total value of $606,783.75. Following the sale, the senior vice president now owns 3,140 shares in the company, valued at approximately $357,803. This represents a 62.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 87,771 shares of company stock worth $9,650,832. 0.87% of the stock is owned by corporate insiders.

Ollie's Bargain Outlet Stock Performance

Shares of NASDAQ OLLI traded up $2.38 during midday trading on Friday, hitting $106.86. 1,397,541 shares of the company traded hands, compared to its average volume of 975,840. Ollie's Bargain Outlet Holdings, Inc. has a 12-month low of $68.05 and a 12-month high of $120.03. The stock has a 50-day moving average price of $104.39 and a 200 day moving average price of $98.66. The firm has a market cap of $6.55 billion, a P/E ratio of 31.90, a P/E/G ratio of 2.63 and a beta of 0.82.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last posted its earnings results on Tuesday, December 10th. The company reported $0.58 earnings per share for the quarter, topping analysts' consensus estimates of $0.57 by $0.01. The firm had revenue of $517.43 million for the quarter, compared to the consensus estimate of $518.83 million. Ollie's Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The business's revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.51 EPS. As a group, equities analysts expect that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on OLLI shares. JPMorgan Chase & Co. increased their price objective on Ollie's Bargain Outlet from $105.00 to $135.00 and gave the company an "overweight" rating in a research report on Wednesday, December 11th. Truist Financial increased their price target on shares of Ollie's Bargain Outlet from $109.00 to $121.00 and gave the company a "buy" rating in a research report on Wednesday, December 11th. Piper Sandler boosted their price objective on shares of Ollie's Bargain Outlet from $107.00 to $126.00 and gave the stock an "overweight" rating in a report on Wednesday, December 11th. Citigroup upgraded shares of Ollie's Bargain Outlet from a "sell" rating to a "buy" rating and lifted their target price for the stock from $64.00 to $133.00 in a research report on Wednesday, December 18th. Finally, Bank of America upped their price target on shares of Ollie's Bargain Outlet from $115.00 to $130.00 and gave the company a "buy" rating in a research report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $118.62.

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.