Van ECK Associates Corp Boosts Holdings in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Van ECK Associates Corp increased its stake in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 40.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,183 shares of the company's stock after purchasing an additional 9,768 shares during the quarter. Van ECK Associates Corp owned approximately 0.06% of Ollie's Bargain Outlet worth $3,103,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new position in Ollie's Bargain Outlet during the 2nd quarter worth approximately $25,000. Opal Wealth Advisors LLC acquired a new position in Ollie's Bargain Outlet in the 2nd quarter valued at approximately $31,000. Crewe Advisors LLC acquired a new position in Ollie's Bargain Outlet in the 2nd quarter valued at approximately $36,000. Versant Capital Management Inc acquired a new position in Ollie's Bargain Outlet in the 2nd quarter valued at approximately $38,000. Finally, GAMMA Investing LLC increased its position in Ollie's Bargain Outlet by 686.7% in the 2nd quarter. GAMMA Investing LLC now owns 472 shares of the company's stock valued at $46,000 after acquiring an additional 412 shares during the period.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Loop Capital restated a "buy" rating and issued a $110.00 price target on shares of Ollie's Bargain Outlet in a research report on Friday, September 20th. 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 for the company in a research report on Friday, August 30th. StockNews.com cut shares of Ollie's Bargain Outlet from a "hold" rating to a "sell" rating in a research report on Tuesday, October 22nd. Royal Bank of Canada increased their price objective on shares of 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. Finally, UBS Group increased their price objective on shares of 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 investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $104.92.

Ollie's Bargain Outlet Trading Down 0.2 %

NASDAQ OLLI traded down $0.23 on Friday, hitting $99.00. 943,866 shares of the company were exchanged, compared to its average volume of 951,098. The company has a market cap of $6.07 billion, a PE ratio of 30.18, a PEG ratio of 2.46 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. The stock has a fifty day moving average of $94.82 and a 200-day moving average of $91.33.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last released its quarterly earnings data 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 net margin of 9.19% and a return on equity of 13.27%. The firm had revenue of $578.38 million for the quarter, compared to analyst estimates of $561.60 million. During the same period last year, the firm earned $0.67 earnings per share. The business's quarterly revenue was up 12.4% compared to the same quarter last year. On average, analysts expect 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 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 transaction, the senior vice president now directly owns 10,610 shares of the company's stock, valued at approximately $1,050,283.90. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, SVP Kevin Mclain sold 15,000 shares of the 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 owns 10,610 shares in the company, valued at $1,050,283.90. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 completion of the sale, the president now owns 5,615 shares of the company's stock, valued at approximately $563,296.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,880 shares of company stock valued at $2,462,470. Corporate insiders own 0.87% of the company's stock.

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.