Envestnet Asset Management Inc. Acquires 1,229 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Envestnet Asset Management Inc. raised its position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLIGet Rating) by 1.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 84,155 shares of the company’s stock after buying an additional 1,229 shares during the quarter. Envestnet Asset Management Inc. owned about 0.13% of Ollie’s Bargain Outlet worth $4,944,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Bank of New York Mellon Corp increased its holdings in Ollie’s Bargain Outlet by 52.7% in the 1st quarter. Bank of New York Mellon Corp now owns 1,797,053 shares of the company’s stock valued at $77,201,000 after buying an additional 620,546 shares during the period. State Street Corp increased its holdings in Ollie’s Bargain Outlet by 1.2% in the 1st quarter. State Street Corp now owns 1,691,148 shares of the company’s stock valued at $72,652,000 after buying an additional 19,381 shares during the period. Royal London Asset Management Ltd. bought a new position in Ollie’s Bargain Outlet in the 1st quarter valued at about $41,301,000. Wolf Hill Capital Management LP bought a new position in Ollie’s Bargain Outlet in the 1st quarter valued at about $34,979,000. Finally, J. Goldman & Co LP bought a new position in Ollie’s Bargain Outlet in the 1st quarter valued at about $32,824,000.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. KeyCorp raised their target price on shares of Ollie’s Bargain Outlet from $75.00 to $79.00 and gave the company an “overweight” rating in a report on Friday, July 15th. Piper Sandler decreased their price target on shares of Ollie’s Bargain Outlet to $75.00 in a report on Tuesday, September 6th. Craig Hallum decreased their price target on shares of Ollie’s Bargain Outlet to $70.00 in a report on Tuesday, September 6th. StockNews.com lowered shares of Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a report on Saturday. Finally, UBS Group lifted their price target on shares of Ollie’s Bargain Outlet to $57.00 in a report on Tuesday, September 6th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $62.87.

Ollie’s Bargain Outlet Stock Performance

Shares of NASDAQ OLLI opened at $57.70 on Friday. The company has a market capitalization of $3.61 billion, a P/E ratio of 38.72, a price-to-earnings-growth ratio of 1.87 and a beta of 0.83. Ollie’s Bargain Outlet Holdings, Inc. has a 52-week low of $37.67 and a 52-week high of $72.27. The company’s 50 day moving average price is $55.41 and its 200-day moving average price is $56.54.

Ollie’s Bargain Outlet (NASDAQ:OLLIGet Rating) last issued its quarterly earnings results on Thursday, September 1st. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.11). The firm had revenue of $452.40 million during the quarter, compared to analyst estimates of $457.43 million. Ollie’s Bargain Outlet had a return on equity of 7.15% and a net margin of 5.42%. The firm’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.52 EPS. Analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 1.78 earnings per share for the current year.

About Ollie’s Bargain Outlet

(Get Rating)

Ollie's Bargain Outlet Holdings, Inc operates as a retailer of brand name merchandise. 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.

See Also

Institutional Ownership by Quarter for Ollie's Bargain Outlet (NASDAQ:OLLI)

Receive News & Ratings for Ollie's Bargain Outlet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ollie's Bargain Outlet and related companies with MarketBeat.com's FREE daily email newsletter.