Sei Investments Co. Acquires 27,531 Shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Sei Investments Co. lifted its stake in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 15.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 207,554 shares of the company's stock after purchasing an additional 27,531 shares during the period. Sei Investments Co. owned approximately 0.34% of Ollie's Bargain Outlet worth $16,515,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Venturi Wealth Management LLC increased its position in Ollie's Bargain Outlet by 194.3% in the first quarter. Venturi Wealth Management LLC now owns 309 shares of the company's stock worth $25,000 after purchasing an additional 204 shares during the period. ORG Partners LLC bought a new stake in shares of Ollie's Bargain Outlet during the first quarter worth approximately $28,000. Blue Bell Private Wealth Management LLC acquired a new position in Ollie's Bargain Outlet in the first quarter valued at approximately $29,000. YHB Investment Advisors Inc. bought a new position in Ollie's Bargain Outlet in the first quarter valued at approximately $48,000. Finally, Partnership Wealth Management LLC acquired a new stake in Ollie's Bargain Outlet during the 4th quarter worth $68,000.

Ollie's Bargain Outlet Price Performance

Shares of OLLI traded down $0.42 during midday trading on Thursday, hitting $101.03. The stock had a trading volume of 1,200,434 shares, compared to its average volume of 1,019,190. The firm has a market cap of $6.18 billion, a price-to-earnings ratio of 31.87, a price-to-earnings-growth ratio of 2.82 and a beta of 0.90. The company has a 50 day simple moving average of $88.96 and a two-hundred day simple moving average of $79.87. Ollie's Bargain Outlet Holdings, Inc. has a twelve month low of $68.05 and a twelve month high of $104.98.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last released its earnings results on Wednesday, June 5th. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.65 by $0.08. The firm had revenue of $508.82 million for the quarter, compared to analysts' expectations of $506.49 million. Ollie's Bargain Outlet had a return on equity of 13.22% and a net margin of 9.14%. The business's quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.49 EPS. Analysts forecast that Ollie's Bargain Outlet Holdings, Inc. will post 3.26 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. The Goldman Sachs Group raised their price target on Ollie's Bargain Outlet from $91.00 to $104.00 and gave the stock a "buy" rating in a research report on Thursday, March 21st. JPMorgan Chase & Co. upgraded Ollie's Bargain Outlet from a "neutral" rating to an "overweight" rating and set a $105.00 target price for the company in a research report on Monday, June 17th. Bank of America increased their price target on shares of Ollie's Bargain Outlet from $92.00 to $102.00 and gave the company a "buy" rating in a research report on Thursday, June 6th. Loop Capital boosted their price objective on shares of Ollie's Bargain Outlet from $100.00 to $110.00 and gave the company a "buy" rating in a report on Monday, June 24th. Finally, UBS Group upped their target price on shares of Ollie's Bargain Outlet from $95.00 to $97.00 and gave the company a "neutral" rating in a research note on Thursday, June 6th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $102.08.

Insider Buying and Selling at Ollie's Bargain Outlet

In other news, President Der Valk Eric Van sold 1,438 shares of the stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $90.00, for a total transaction of $129,420.00. Following the completion of the transaction, the president now directly owns 4,158 shares in the company, valued at approximately $374,220. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, CEO John W. Swygert sold 14,736 shares of the business's stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $86.81, for a total transaction of $1,279,232.16. Following the transaction, the chief executive officer now directly owns 48,200 shares in the company, valued at $4,184,242. The sale was disclosed in a filing with the SEC, which is available through this link. Also, President Der Valk Eric Van sold 1,438 shares of the stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $90.00, for a total transaction of $129,420.00. Following the completion of the sale, the president now owns 4,158 shares of the company's stock, valued at approximately $374,220. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,384 shares of company stock worth $2,850,487. Insiders own 0.87% of the company's stock.

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.