Emerald Mutual Fund Advisers Trust boosted its stake in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 7.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 191,153 shares of the company's stock after acquiring an additional 12,586 shares during the quarter. Emerald Mutual Fund Advisers Trust owned about 0.31% of Ollie's Bargain Outlet worth $18,580,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently modified their holdings of the company. State of Michigan Retirement System raised its position in Ollie's Bargain Outlet by 2.0% during the 1st quarter. State of Michigan Retirement System now owns 15,103 shares of the company's stock worth $1,202,000 after buying an additional 300 shares during the last quarter. Commonwealth Equity Services LLC raised its holdings in Ollie's Bargain Outlet by 47.4% during the first quarter. Commonwealth Equity Services LLC now owns 7,141 shares of the company's stock worth $568,000 after purchasing an additional 2,297 shares in the last quarter. Norden Group LLC increased its position in Ollie's Bargain Outlet by 47.7% during the 1st quarter. Norden Group LLC now owns 7,402 shares of the company's stock worth $589,000 after purchasing an additional 2,392 shares during the period. Nordea Investment Management AB raised its stake in shares of Ollie's Bargain Outlet by 202.6% during the 1st quarter. Nordea Investment Management AB now owns 94,568 shares of the company's stock worth $7,512,000 after buying an additional 63,315 shares in the last quarter. Finally, Whittier Trust Co. lifted its holdings in shares of Ollie's Bargain Outlet by 4.0% in the 1st quarter. Whittier Trust Co. now owns 139,632 shares of the company's stock valued at $11,109,000 after buying an additional 5,397 shares during the period.
In other news, SVP Kevin Mclain sold 15,000 shares of Ollie's Bargain Outlet stock in a transaction on Monday, September 16th. The stock was 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 of the company's stock, valued at $1,050,283.90. 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 available at the SEC website. 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 transaction of $1,484,850.00. Following the transaction, the senior vice president now directly owns 10,610 shares in the company, valued at $1,050,283.90. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Robert F. Helm sold 2,401 shares of the business's stock in a transaction that occurred 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 owns 2,021 shares of the company's stock, valued at approximately $191,348.28. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 24,880 shares of company stock worth $2,462,470. Insiders own 0.87% of the company's stock.
A number of research analysts recently weighed in on the company. Bank of America upped their price objective on Ollie's Bargain Outlet from $102.00 to $115.00 and gave the stock a "buy" rating in a report on Monday, September 30th. UBS Group raised their price objective on shares of 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. Gordon Haskett upgraded shares of Ollie's Bargain Outlet from an "accumulate" rating to a "buy" rating and upped their target price for the stock from $105.00 to $107.00 in a research report on Monday, August 26th. Loop Capital reaffirmed a "buy" rating and issued a $110.00 target price on shares of Ollie's Bargain Outlet in a report on Friday, September 20th. Finally, StockNews.com lowered Ollie's Bargain Outlet from a "hold" rating to a "sell" rating in a research note 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 assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $104.92.
Check Out Our Latest Stock Report on OLLI
NASDAQ OLLI opened at $92.98 on Friday. The stock has a market cap of $5.70 billion, a price-to-earnings ratio of 28.35, a price-to-earnings-growth ratio of 2.28 and a beta of 0.84. Ollie's Bargain Outlet Holdings, Inc. has a fifty-two week low of $68.05 and a fifty-two week high of $104.98. The business has a fifty day moving average of $94.40 and a 200-day moving average of $90.38.
Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last released its earnings results on Thursday, August 29th. The company reported $0.78 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.78. The company had revenue of $578.38 million for the quarter, compared to analyst estimates of $561.60 million. Ollie's Bargain Outlet had a net margin of 9.19% and a return on equity of 13.27%. The firm's quarterly revenue was up 12.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.67 EPS. As a group, analysts anticipate that Ollie's Bargain Outlet Holdings, Inc. will post 3.28 EPS for the current year.
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.
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