Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its position in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 84.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 313,836 shares of the company's stock after purchasing an additional 143,996 shares during the quarter. Victory Capital Management Inc. owned approximately 0.51% of Ollie's Bargain Outlet worth $30,505,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. International Assets Investment Management LLC bought a new position in shares of Ollie's Bargain Outlet during the second quarter valued at approximately $25,000. Opal Wealth Advisors LLC bought a new stake in shares of Ollie's Bargain Outlet in the 2nd quarter worth $31,000. Crewe Advisors LLC purchased a new stake in shares of Ollie's Bargain Outlet during the second quarter valued at $36,000. Versant Capital Management Inc bought a new stake in Ollie's Bargain Outlet in the 2nd quarter worth about $38,000. Finally, GAMMA Investing LLC raised 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 worth $46,000 after buying an additional 412 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on OLLI shares. JPMorgan Chase & Co. decreased their price objective on shares of Ollie's Bargain Outlet from $113.00 to $105.00 and set an "overweight" rating for the company in a report on Friday, August 30th. Bank of America boosted their target price on shares of Ollie's Bargain Outlet from $102.00 to $115.00 and gave the company a "buy" rating in a research note on Monday, September 30th. UBS Group lifted their price objective on Ollie's Bargain Outlet from $97.00 to $99.00 and gave the stock a "neutral" rating in a report on Friday, August 30th. Piper Sandler reissued an "overweight" rating and issued a $107.00 target price on shares of Ollie's Bargain Outlet in a report on Friday, October 4th. Finally, StockNews.com cut Ollie's Bargain Outlet from a "hold" rating to a "sell" rating in a research report on Tuesday, October 22nd. One equities 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 stock. According to MarketBeat.com, Ollie's Bargain Outlet currently has an average rating of "Moderate Buy" and an average target price of $104.92.

Insider Activity at Ollie's Bargain Outlet

In other news, CFO Robert F. Helm sold 2,401 shares of Ollie's Bargain Outlet stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $94.68, for a total transaction of $227,326.68. Following the completion of the sale, the chief financial officer now directly owns 2,021 shares in the company, valued at approximately $191,348.28. The trade was a 54.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Kevin Mclain sold 15,000 shares of Ollie's Bargain Outlet stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $98.99, for a total transaction of $1,484,850.00. Following the sale, the senior vice president now owns 10,610 shares of the company's stock, valued at approximately $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 sold a total of 24,880 shares of company stock worth $2,462,470 in the last quarter. 0.87% of the stock is owned by company insiders.

Ollie's Bargain Outlet Stock Performance

Shares of OLLI traded down $0.60 during mid-day trading on Friday, reaching $91.93. The stock had a trading volume of 752,969 shares, compared to its average volume of 1,000,676. The business has a fifty day moving average of $95.31 and a 200 day moving average of $91.90. 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 cap of $5.64 billion, a price-to-earnings ratio of 28.03, a PEG ratio of 2.29 and a beta of 0.84.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last issued its quarterly earnings data on Thursday, August 29th. The company reported $0.78 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 period in the prior year, the firm earned $0.67 EPS. The company's revenue for the quarter was up 12.4% on a year-over-year basis. On average, research analysts forecast that Ollie's Bargain Outlet Holdings, Inc. will post 3.27 EPS 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.