Handelsbanken Fonder AB Has $1.89 Million Stock Holdings in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Handelsbanken Fonder AB boosted its stake in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 45.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,400 shares of the company's stock after purchasing an additional 6,100 shares during the quarter. Handelsbanken Fonder AB's holdings in Ollie's Bargain Outlet were worth $1,886,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC bought a new stake in shares of Ollie's Bargain Outlet during the 2nd quarter worth about $25,000. Opal Wealth Advisors LLC acquired a new position in shares of Ollie's Bargain Outlet in the second quarter valued at approximately $31,000. Crewe Advisors LLC bought a new position in shares of Ollie's Bargain Outlet during the second quarter worth approximately $36,000. ORG Partners LLC acquired a new stake in Ollie's Bargain Outlet during the 1st quarter worth approximately $28,000. Finally, Versant Capital Management Inc bought a new stake in Ollie's Bargain Outlet in the 2nd quarter valued at $38,000.

Ollie's Bargain Outlet Stock Performance

Shares of Ollie's Bargain Outlet stock traded up $0.87 during midday trading on Friday, hitting $96.09. 846,913 shares of the company traded hands, compared to its average volume of 1,034,636. The firm's fifty day moving average price is $94.77 and its 200-day moving average price is $88.32. The stock has a market cap of $5.90 billion, a price-to-earnings ratio of 29.30, a PEG ratio of 2.34 and a beta of 0.84. Ollie's Bargain Outlet Holdings, Inc. has a 12 month low of $68.05 and a 12 month high of $104.98.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last announced its quarterly earnings results on Thursday, August 29th. The company reported $0.78 EPS for the quarter, meeting analysts' consensus estimates of $0.78. The company 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%. Ollie's Bargain Outlet's revenue was up 12.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.67 EPS. Equities research analysts forecast that Ollie's Bargain Outlet Holdings, Inc. will post 3.28 earnings per share for the current year.

Insider Buying and Selling at Ollie's Bargain Outlet

In other Ollie's Bargain Outlet news, SVP Kevin Mclain sold 15,000 shares of the firm's stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $98.99, for a total transaction of $1,484,850.00. Following the completion of the transaction, the senior vice president now owns 10,610 shares in the company, valued at approximately $1,050,283.90. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Ollie's Bargain Outlet news, President Der Valk Eric Van sold 7,479 shares of the stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $100.32, for a total transaction of $750,293.28. Following the transaction, the president now directly owns 5,615 shares in the company, valued at approximately $563,296.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Kevin Mclain sold 15,000 shares of Ollie's Bargain Outlet stock in a transaction on Monday, September 16th. The shares were sold at an average price of $98.99, for a total transaction of $1,484,850.00. Following the completion of the sale, the senior vice president now owns 10,610 shares of the company's stock, valued at $1,050,283.90. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 24,632 shares of company stock worth $2,459,421. Insiders own 0.87% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. UBS Group lifted their target price on Ollie's Bargain Outlet from $97.00 to $99.00 and gave the stock a "neutral" rating in a report on Friday, August 30th. Loop Capital restated a "buy" rating and set a $110.00 target price on shares of Ollie's Bargain Outlet in a research report on Friday, September 20th. JPMorgan Chase & Co. dropped their price target on shares of Ollie's Bargain Outlet from $113.00 to $105.00 and set an "overweight" rating for the company in a research report on Friday, August 30th. Gordon Haskett upgraded Ollie's Bargain Outlet from an "accumulate" rating to a "buy" rating and boosted their price target for the company from $105.00 to $107.00 in a research note on Monday, August 26th. Finally, Truist Financial raised their price objective on Ollie's Bargain Outlet from $102.00 to $109.00 and gave the stock a "buy" rating in a research note on Friday, July 12th. One research analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $104.92.

Ollie's Bargain Outlet 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.