Loomis Sayles & Co. L P Invests $16.59 Million in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Loomis Sayles & Co. L P bought a new position in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 170,681 shares of the company's stock, valued at approximately $16,590,000. Loomis Sayles & Co. L P owned about 0.28% of Ollie's Bargain Outlet as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in OLLI. D. E. Shaw & Co. Inc. raised its position in Ollie's Bargain Outlet by 953.2% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 566,738 shares of the company's stock worth $55,637,000 after purchasing an additional 512,928 shares during the last quarter. Los Angeles Capital Management LLC raised its position in shares of Ollie's Bargain Outlet by 199.3% during the second quarter. Los Angeles Capital Management LLC now owns 560,054 shares of the company's stock worth $54,981,000 after acquiring an additional 372,914 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of 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 valued at $30,505,000 after acquiring an additional 143,996 shares during the period. F M Investments LLC bought a new position in Ollie's Bargain Outlet in the second quarter valued at about $13,852,000. Finally, Sei Investments Co. increased its position in Ollie's Bargain Outlet by 52.1% in the second quarter. Sei Investments Co. now owns 315,612 shares of the company's stock worth $30,984,000 after purchasing an additional 108,058 shares during the period.

Insider Buying and Selling at Ollie's Bargain Outlet

In other news, CEO John W. Swygert sold 4,032 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $102.51, for a total transaction of $413,320.32. Following the completion of the transaction, the chief executive officer now directly owns 48,200 shares in the company, valued at $4,940,982. This represents a 7.72 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Robert F. Helm sold 2,401 shares of Ollie's Bargain Outlet stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $94.68, for a total value of $227,326.68. Following the completion of the sale, the chief financial officer now directly owns 2,021 shares in the company, valued at approximately $191,348.28. This represents a 54.30 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 28,912 shares of company stock worth $2,875,790. Corporate insiders own 0.87% of the company's stock.

Ollie's Bargain Outlet Stock Up 0.3 %

Ollie's Bargain Outlet stock opened at $100.90 on Wednesday. The company has a 50 day moving average of $94.86 and a 200-day moving average of $92.81. Ollie's Bargain Outlet Holdings, Inc. has a twelve month low of $68.05 and a twelve month high of $104.98. The stock has a market capitalization of $6.19 billion, a PE ratio of 30.76, a price-to-earnings-growth ratio of 2.50 and a beta of 0.84.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last released its earnings results on Thursday, August 29th. The company reported $0.78 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.78. The firm had revenue of $578.38 million during the quarter, compared to analysts' expectations of $561.60 million. Ollie's Bargain Outlet had a return on equity of 13.27% and a net margin of 9.19%. The company's revenue was up 12.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.67 EPS. Equities analysts anticipate that Ollie's Bargain Outlet Holdings, Inc. will post 3.27 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on OLLI shares. UBS Group upped their target price 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. Piper Sandler reaffirmed an "overweight" rating and issued a $107.00 price objective on shares of Ollie's Bargain Outlet in a research note on Friday, October 4th. Loop Capital reaffirmed a "buy" rating and set a $110.00 target price on shares of Ollie's Bargain Outlet in a report on Friday, September 20th. JPMorgan Chase & Co. cut their price target on 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, Royal Bank of Canada lifted their price objective on Ollie's Bargain Outlet from $100.00 to $106.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $104.92.

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.