Emerald Advisers LLC Has $25.01 Million Holdings in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Emerald Advisers LLC lifted its holdings in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 17.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 257,297 shares of the company's stock after purchasing an additional 37,893 shares during the quarter. Emerald Advisers LLC owned about 0.42% of Ollie's Bargain Outlet worth $25,009,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Royal Bank of Canada upped their price target on Ollie's Bargain Outlet from $100.00 to $106.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 2nd. StockNews.com downgraded Ollie's Bargain Outlet from a "hold" rating to a "sell" rating in a research report on Tuesday, October 22nd. Bank of America upped their price objective on Ollie's Bargain Outlet from $102.00 to $115.00 and gave the stock a "buy" rating in a research note on Monday, September 30th. Piper Sandler reiterated an "overweight" rating and set a $107.00 price objective on shares of Ollie's Bargain Outlet in a research note on Friday, October 4th. Finally, JPMorgan Chase & Co. dropped their price objective 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. 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 MarketBeat.com, Ollie's Bargain Outlet has a consensus rating of "Moderate Buy" and an average target price of $104.92.

Insider Buying and Selling at Ollie's Bargain Outlet

In other Ollie's Bargain Outlet news, CFO Robert F. Helm sold 2,401 shares of the company's stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $94.68, for a total value of $227,326.68. Following the transaction, the chief financial officer now directly owns 2,021 shares of the company's stock, valued at $191,348.28. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Ollie's Bargain Outlet news, CFO Robert F. Helm sold 2,401 shares of the company's stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $94.68, for a total value of $227,326.68. Following the transaction, the chief financial officer now directly owns 2,021 shares of the company's stock, valued at $191,348.28. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, President Der Valk Eric Van sold 7,479 shares of the 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 sale, the president now directly owns 5,615 shares in the company, valued at approximately $563,296.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 24,880 shares of company stock valued at $2,462,470 in the last ninety days. 0.87% of the stock is currently owned by corporate insiders.

Ollie's Bargain Outlet Stock Performance

OLLI traded up $1.15 during trading hours on Friday, reaching $92.98. The company's stock had a trading volume of 766,234 shares, compared to its average volume of 958,457. Ollie's Bargain Outlet Holdings, Inc. has a 52 week low of $68.05 and a 52 week high of $104.98. The company's 50-day moving average is $94.40 and its 200-day moving average is $90.38. The firm has a market cap of $5.70 billion, a PE ratio of 28.35, a price-to-earnings-growth ratio of 2.28 and a beta of 0.84.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last posted its quarterly earnings results on Thursday, August 29th. The company reported $0.78 earnings per share for the quarter, meeting 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 prior year, the business earned $0.67 EPS. The firm's revenue for the quarter was up 12.4% on a year-over-year basis. Equities analysts anticipate that Ollie's Bargain Outlet Holdings, Inc. will post 3.28 earnings per share 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.