Virtu Financial LLC Makes New $969,000 Investment in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Virtu Financial LLC bought a new position in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 9,973 shares of the company's stock, valued at approximately $969,000.

Several other large investors also recently added to or reduced their stakes in the stock. International Assets Investment Management LLC purchased a new position in shares of Ollie's Bargain Outlet during the 2nd quarter worth $25,000. Crewe Advisors LLC purchased a new stake in Ollie's Bargain Outlet in the second quarter valued at approximately $36,000. GAMMA Investing LLC lifted its stake in Ollie's Bargain Outlet by 37.9% during the third quarter. GAMMA Investing LLC now owns 651 shares of the company's stock worth $63,000 after purchasing an additional 179 shares in the last quarter. Northwest & Ethical Investments L.P. purchased a new position in shares of Ollie's Bargain Outlet during the third quarter worth $117,000. Finally, LRI Investments LLC grew its stake in shares of Ollie's Bargain Outlet by 2,356.1% in the third quarter. LRI Investments LLC now owns 1,400 shares of the company's stock valued at $130,000 after buying an additional 1,343 shares in the last quarter.

Insider Transactions at Ollie's Bargain Outlet

In other news, President Der Valk Eric Van sold 7,479 shares of the business's 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 $563,296.80. The trade was a 57.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP James J. Comitale sold 5,325 shares of the company's 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 completion of the sale, the senior vice president now owns 3,140 shares in the company, valued at $357,803. This represents a 62.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 95,755 shares of company stock valued at $10,165,712 in the last 90 days. 0.87% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on OLLI shares. Gordon Haskett raised shares of Ollie's Bargain Outlet from an "accumulate" rating to a "buy" rating and upped their target price for the stock from $105.00 to $107.00 in a research note on Monday, August 26th. StockNews.com lowered Ollie's Bargain Outlet from a "hold" rating to a "sell" rating in a research report on Tuesday, October 22nd. Craig Hallum lifted their target price on Ollie's Bargain Outlet from $107.00 to $130.00 and gave the company a "buy" rating in a report on Wednesday. Royal Bank of Canada upped their price target on Ollie's Bargain Outlet from $120.00 to $130.00 and gave the stock an "outperform" rating in a report on Wednesday. Finally, Wells Fargo & Company lifted their price objective on Ollie's Bargain Outlet from $95.00 to $105.00 and gave the company an "equal weight" rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $116.58.

Ollie's Bargain Outlet Stock Performance

OLLI traded up $1.58 on Friday, hitting $112.77. 1,719,538 shares of the company were exchanged, compared to its average volume of 1,052,579. Ollie's Bargain Outlet Holdings, Inc. has a fifty-two week low of $68.05 and a fifty-two week high of $115.98. The firm has a market capitalization of $6.91 billion, a P/E ratio of 33.66, a price-to-earnings-growth ratio of 2.81 and a beta of 0.85. The business's fifty day moving average is $96.26 and its 200 day moving average is $95.19.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last released its quarterly 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 business had revenue of $517.43 million for the quarter, compared to analysts' expectations of $518.83 million. Ollie's Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The company's revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.51 EPS. Analysts forecast that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal 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.