Sanctuary Advisors LLC Acquires 14,101 Shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Sanctuary Advisors LLC lifted its stake in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 464.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,135 shares of the company's stock after purchasing an additional 14,101 shares during the period. Sanctuary Advisors LLC's holdings in Ollie's Bargain Outlet were worth $1,621,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. D. E. Shaw & Co. Inc. raised its stake in Ollie's Bargain Outlet by 953.2% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 566,738 shares of the company's stock valued at $55,637,000 after purchasing an additional 512,928 shares during the period. Holocene Advisors LP raised its position in Ollie's Bargain Outlet by 10,159.3% during the third quarter. Holocene Advisors LP now owns 471,413 shares of the company's stock valued at $45,821,000 after buying an additional 466,818 shares during the period. Los Angeles Capital Management LLC raised its position in Ollie's Bargain Outlet by 199.3% during the second quarter. Los Angeles Capital Management LLC now owns 560,054 shares of the company's stock valued at $54,981,000 after buying an additional 372,914 shares during the period. Wellington Management Group LLP lifted its stake in Ollie's Bargain Outlet by 155.8% in the 3rd quarter. Wellington Management Group LLP now owns 483,044 shares of the company's stock worth $46,952,000 after acquiring an additional 294,217 shares in the last quarter. Finally, Loomis Sayles & Co. L P purchased a new stake in Ollie's Bargain Outlet in the 3rd quarter worth about $16,590,000.

Ollie's Bargain Outlet Price Performance

OLLI traded up $0.28 on Friday, hitting $117.91. The company had a trading volume of 1,759,616 shares, compared to its average volume of 1,060,398. The stock has a market cap of $7.23 billion, a price-to-earnings ratio of 35.20, a price-to-earnings-growth ratio of 2.79 and a beta of 0.85. The company's fifty day moving average price is $97.94 and its 200 day moving average price is $96.15. Ollie's Bargain Outlet Holdings, Inc. has a 1-year low of $68.05 and a 1-year high of $120.03.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last issued its quarterly earnings data on Tuesday, December 10th. The company reported $0.58 earnings per share for the quarter, topping analysts' consensus estimates of $0.57 by $0.01. Ollie's Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. The business had revenue of $517.43 million during the quarter, compared to analysts' expectations of $518.83 million. During the same period in the previous year, the company earned $0.51 earnings per share. Ollie's Bargain Outlet's revenue for the quarter was up 7.8% on a year-over-year basis. On average, sell-side analysts forecast that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

Insider Activity

In related news, SVP James J. Comitale sold 5,325 shares of the company's stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $113.95, for a total transaction of $606,783.75. Following the completion of the transaction, the senior vice president now directly owns 3,140 shares in the company, valued at $357,803. This represents a 62.91 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Der Valk Eric Van sold 7,479 shares of the firm's stock in a transaction 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 sale, the president now owns 5,615 shares in the company, valued at $563,296.80. This represents a 57.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 97,651 shares of company stock valued at $10,628,452. 0.87% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Truist Financial upped their target price on Ollie's Bargain Outlet from $109.00 to $121.00 and gave the company a "buy" rating in a report on Wednesday, December 11th. Bank of America upped their price objective on shares of Ollie's Bargain Outlet from $115.00 to $130.00 and gave the company a "buy" rating in a research note on Wednesday, December 11th. Loop Capital boosted their price target on shares of Ollie's Bargain Outlet from $110.00 to $120.00 and gave the company a "buy" rating in a report on Wednesday, December 11th. Wells Fargo & Company upped their price target on shares of Ollie's Bargain Outlet from $95.00 to $105.00 and gave the stock an "equal weight" rating in a research note on Wednesday, December 11th. Finally, Citigroup raised Ollie's Bargain Outlet from a "sell" rating to a "buy" rating and lifted their price objective for the company from $64.00 to $133.00 in a research report on Wednesday. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $117.85.

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.