Royce & Associates LP Acquires 46,706 Shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Royce & Associates LP raised its position in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 161.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 75,605 shares of the company's stock after buying an additional 46,706 shares during the quarter. Royce & Associates LP owned about 0.12% of Ollie's Bargain Outlet worth $7,349,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in OLLI. International Assets Investment Management LLC bought a new position in Ollie's Bargain Outlet in the second quarter valued at approximately $25,000. Opal Wealth Advisors LLC acquired a new position in shares of Ollie's Bargain Outlet during the 2nd quarter worth $31,000. Crewe Advisors LLC acquired a new stake in Ollie's Bargain Outlet in the second quarter valued at about $36,000. Versant Capital Management Inc bought a new position in Ollie's Bargain Outlet in the second quarter valued at about $38,000. Finally, GAMMA Investing LLC raised its stake in Ollie's Bargain Outlet by 686.7% during the second quarter. GAMMA Investing LLC now owns 472 shares of the company's stock worth $46,000 after acquiring an additional 412 shares in the last quarter.

Insider Activity at Ollie's Bargain Outlet

In other news, President Der Valk Eric Van sold 7,479 shares of the stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $100.32, for a total transaction of $750,293.28. Following the transaction, the president now owns 5,615 shares of the company's stock, valued at $563,296.80. This represents a 57.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Kevin Mclain sold 15,000 shares of the business's stock in a transaction dated 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 completion of the sale, the senior vice president now directly owns 10,610 shares of the company's stock, valued at $1,050,283.90. The trade was a 58.57 % 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 worth $2,462,470 in the last 90 days. Corporate insiders own 0.87% of the company's stock.

Ollie's Bargain Outlet Trading Down 1.8 %

NASDAQ:OLLI traded down $1.69 on Monday, reaching $90.24. 808,585 shares of the stock traded hands, compared to its average volume of 1,026,003. The firm has a market capitalization of $5.54 billion, a price-to-earnings ratio of 28.03, a price-to-earnings-growth ratio of 2.29 and a beta of 0.84. Ollie's Bargain Outlet Holdings, Inc. has a 1-year low of $68.05 and a 1-year high of $104.98. The company's 50 day moving average is $95.31 and its 200-day moving average is $92.04.

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

Wall Street Analyst Weigh In

Several brokerages recently issued reports on OLLI. JPMorgan Chase & Co. decreased their price target on shares of Ollie's Bargain Outlet from $113.00 to $105.00 and set an "overweight" rating on the stock in a report on Friday, August 30th. UBS Group boosted their target price on shares of Ollie's Bargain Outlet from $97.00 to $99.00 and gave the stock a "neutral" rating in a research note on Friday, August 30th. Gordon Haskett upgraded Ollie's Bargain Outlet from an "accumulate" rating to a "buy" rating and increased their price target for the company from $105.00 to $107.00 in a research note on Monday, August 26th. Bank of America boosted their price objective on Ollie's Bargain Outlet from $102.00 to $115.00 and gave the stock a "buy" rating in a research report on Monday, September 30th. Finally, Loop Capital reiterated a "buy" rating and issued a $110.00 target price on shares of Ollie's Bargain Outlet in a research report on Friday, September 20th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price 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.