Congress Asset Management Co. Purchases 73,396 Shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Congress Asset Management Co. grew its holdings in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 12.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 680,590 shares of the company's stock after purchasing an additional 73,396 shares during the quarter. Congress Asset Management Co. owned approximately 1.11% of Ollie's Bargain Outlet worth $66,153,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Ollie's Bargain Outlet by 6.2% in the 1st quarter. Vanguard Group Inc. now owns 5,882,908 shares of the company's stock worth $468,103,000 after purchasing an additional 343,903 shares during the period. Capital Research Global Investors purchased a new position in shares of Ollie's Bargain Outlet during the first quarter valued at approximately $136,978,000. American Century Companies Inc. grew its stake in Ollie's Bargain Outlet by 5.6% in the second quarter. American Century Companies Inc. now owns 780,064 shares of the company's stock worth $76,579,000 after purchasing an additional 41,605 shares during the period. D. E. Shaw & Co. Inc. grew its stake in Ollie's Bargain Outlet by 953.2% in the second 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 period. Finally, Los Angeles Capital Management LLC grew its stake in Ollie's Bargain Outlet by 199.3% in the second quarter. Los Angeles Capital Management LLC now owns 560,054 shares of the company's stock worth $54,981,000 after purchasing an additional 372,914 shares during the period.

Insider Transactions at Ollie's Bargain Outlet

In related news, President Der Valk Eric Van sold 7,479 shares of Ollie's Bargain Outlet 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 completion of the transaction, the president now directly owns 5,615 shares in the company, valued at $563,296.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 value of $1,484,850.00. Following the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Der Valk Eric Van sold 7,479 shares of the firm's stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $100.32, for a total transaction of $750,293.28. Following the completion of the sale, the president now owns 5,615 shares in the company, valued at $563,296.80. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 24,880 shares of company stock valued at $2,462,470 in the last quarter. 0.87% of the stock is currently owned by corporate insiders.

Ollie's Bargain Outlet Trading Up 1.0 %

NASDAQ:OLLI traded up $0.93 during midday trading on Thursday, reaching $91.83. The company had a trading volume of 926,972 shares, compared to its average volume of 1,026,425. Ollie's Bargain Outlet Holdings, Inc. has a 12-month low of $68.05 and a 12-month high of $104.98. The firm has a market capitalization of $5.63 billion, a price-to-earnings ratio of 28.15, a PEG ratio of 2.25 and a beta of 0.84. The stock's fifty day simple moving average is $94.62 and its 200-day simple moving average is $90.10.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last posted its earnings results on Thursday, August 29th. The company reported $0.78 EPS for the quarter, hitting analysts' consensus estimates of $0.78. Ollie's Bargain Outlet had a return on equity of 13.27% and a net margin of 9.19%. The business had revenue of $578.38 million for the quarter, compared to analysts' expectations of $561.60 million. During the same quarter in the previous year, the firm earned $0.67 earnings per share. The business's revenue was up 12.4% compared to the same quarter last year. As a group, sell-side analysts expect that Ollie's Bargain Outlet Holdings, Inc. will post 3.28 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Bank of America boosted their target price on Ollie's Bargain Outlet from $102.00 to $115.00 and gave the stock a "buy" rating in a report on Monday, September 30th. Loop Capital reiterated a "buy" rating and set a $110.00 price objective on shares of Ollie's Bargain Outlet in a research report on Friday, September 20th. Gordon Haskett upgraded Ollie's Bargain Outlet from an "accumulate" rating to a "buy" rating and upped their price target for the stock from $105.00 to $107.00 in a research report on Monday, August 26th. Truist Financial increased their target price on Ollie's Bargain Outlet from $102.00 to $109.00 and gave the stock a "buy" rating in a research report on Friday, July 12th. Finally, UBS Group increased their target price on Ollie's Bargain Outlet from $97.00 to $99.00 and gave the stock a "neutral" rating in a research report on Friday, August 30th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $104.92.

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.