WCM Investment Management LLC Boosts Stake in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

WCM Investment Management LLC lifted its stake in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 4.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 200,429 shares of the company's stock after buying an additional 8,420 shares during the period. WCM Investment Management LLC owned about 0.33% of Ollie's Bargain Outlet worth $19,438,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Signaturefd LLC raised its stake in shares of Ollie's Bargain Outlet by 6.4% during the second quarter. Signaturefd LLC now owns 1,727 shares of the company's stock valued at $170,000 after acquiring an additional 104 shares during the last quarter. Trust Point Inc. lifted its holdings in Ollie's Bargain Outlet by 1.0% during the 3rd quarter. Trust Point Inc. now owns 13,184 shares of the company's stock worth $1,281,000 after buying an additional 134 shares during the period. GAMMA Investing LLC grew its position in shares of Ollie's Bargain Outlet by 37.9% in the 3rd quarter. GAMMA Investing LLC now owns 651 shares of the company's stock valued at $63,000 after buying an additional 179 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of Ollie's Bargain Outlet by 5.6% in the third quarter. Farther Finance Advisors LLC now owns 3,544 shares of the company's stock valued at $344,000 after buying an additional 188 shares during the period. Finally, Vista Investment Partners LLC raised its position in shares of Ollie's Bargain Outlet by 1.8% during the first quarter. Vista Investment Partners LLC now owns 11,087 shares of the company's stock worth $882,000 after acquiring an additional 191 shares during the last quarter.

Wall Street Analyst Weigh In

Several research firms have issued reports on OLLI. Gordon Haskett upgraded shares of Ollie's Bargain Outlet from an "accumulate" rating to a "buy" rating and raised their price target for the stock from $105.00 to $107.00 in a report on Monday, August 26th. Loop Capital reaffirmed 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. Bank of America upped their target price on shares of 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. UBS Group upped their price objective on Ollie's Bargain Outlet from $97.00 to $99.00 and gave the company a "neutral" rating in a research note on Friday, August 30th. Finally, StockNews.com cut shares of Ollie's Bargain Outlet from a "hold" rating to a "sell" rating in a report on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $104.92.

Ollie's Bargain Outlet Trading Down 0.9 %

Shares of NASDAQ:OLLI traded down $0.90 during trading on Monday, reaching $98.10. The company's stock had a trading volume of 962,450 shares, compared to its average volume of 1,027,086. The firm's 50 day simple moving average is $94.99 and its two-hundred day simple moving average is $91.49. 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 market capitalization of $6.02 billion, a PE ratio of 29.91, a price-to-earnings-growth ratio of 2.46 and a beta of 0.84.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last issued its earnings results on Thursday, August 29th. The company reported $0.78 earnings per share for the quarter, hitting the consensus estimate of $0.78. The business had revenue of $578.38 million during the quarter, compared to analysts' expectations of $561.60 million. Ollie's Bargain Outlet had a return on equity of 13.27% and a net margin of 9.19%. The business's revenue for the quarter was up 12.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.67 EPS. Research analysts anticipate that Ollie's Bargain Outlet Holdings, Inc. will post 3.28 EPS for the current fiscal year.

Insider Buying and Selling at Ollie's Bargain Outlet

In other news, CFO Robert F. Helm sold 2,401 shares of the stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $94.68, for a total transaction of $227,326.68. Following the transaction, the chief financial officer now owns 2,021 shares in the company, valued at $191,348.28. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Ollie's Bargain Outlet news, CFO Robert F. Helm sold 2,401 shares of Ollie's Bargain Outlet stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $94.68, for a total transaction 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. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Kevin Mclain sold 15,000 shares of the 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 completion of the sale, 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 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. Company insiders own 0.87% of the company's stock.

Ollie's Bargain Outlet 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.