Nordea Investment Management AB Has $7.51 Million Holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Nordea Investment Management AB increased its stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLIFree Report) by 202.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 94,568 shares of the company’s stock after purchasing an additional 63,315 shares during the period. Nordea Investment Management AB owned approximately 0.15% of Ollie’s Bargain Outlet worth $7,512,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in OLLI. Norges Bank acquired a new position in Ollie’s Bargain Outlet in the 4th quarter worth $59,215,000. Wellington Management Group LLP lifted its position in Ollie’s Bargain Outlet by 141.5% during the 3rd quarter. Wellington Management Group LLP now owns 1,075,882 shares of the company’s stock worth $83,037,000 after buying an additional 630,298 shares in the last quarter. Wasatch Advisors LP lifted its position in Ollie’s Bargain Outlet by 5.2% during the 4th quarter. Wasatch Advisors LP now owns 3,761,480 shares of the company’s stock worth $285,459,000 after buying an additional 184,864 shares in the last quarter. Los Angeles Capital Management LLC lifted its position in Ollie’s Bargain Outlet by 6,328.7% during the 1st quarter. Los Angeles Capital Management LLC now owns 187,140 shares of the company’s stock worth $14,891,000 after buying an additional 184,229 shares in the last quarter. Finally, Moran Wealth Management LLC bought a new stake in Ollie’s Bargain Outlet during the 4th quarter worth about $10,686,000.

Ollie’s Bargain Outlet Stock Performance

Shares of OLLI opened at $100.42 on Tuesday. Ollie’s Bargain Outlet Holdings, Inc. has a 52 week low of $64.10 and a 52 week high of $100.88. The firm has a market cap of $6.15 billion, a P/E ratio of 31.50, a price-to-earnings-growth ratio of 2.68 and a beta of 0.90. The firm’s 50-day simple moving average is $85.01 and its 200 day simple moving average is $78.42.

Ollie’s Bargain Outlet (NASDAQ:OLLIGet Free Report) last announced its quarterly earnings results on Wednesday, June 5th. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.08. Ollie’s Bargain Outlet had a net margin of 9.14% and a return on equity of 13.22%. The business had revenue of $508.82 million for the quarter, compared to analyst estimates of $506.49 million. During the same quarter in the prior year, the business earned $0.49 EPS. Ollie’s Bargain Outlet’s quarterly revenue was up 10.8% on a year-over-year basis. As a group, equities analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.26 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have commented on OLLI. Piper Sandler boosted their price target on shares of Ollie’s Bargain Outlet from $100.00 to $107.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 25th. Royal Bank of Canada boosted their price target on shares of Ollie’s Bargain Outlet from $86.00 to $101.00 and gave the stock an “outperform” rating in a research report on Thursday, June 6th. Bank of America boosted their price target on shares of Ollie’s Bargain Outlet from $92.00 to $102.00 and gave the stock a “buy” rating in a research report on Thursday, June 6th. Craig Hallum upped their target price on shares of Ollie’s Bargain Outlet from $100.00 to $105.00 and gave the company a “buy” rating in a report on Thursday, June 6th. Finally, Wells Fargo & Company upped their target price on shares of Ollie’s Bargain Outlet from $85.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, June 6th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, Ollie’s Bargain Outlet has a consensus rating of “Moderate Buy” and an average target price of $101.50.

Get Our Latest Report on Ollie’s Bargain Outlet

Insiders Place Their Bets

In other Ollie’s Bargain Outlet news, Director Thomas Hendrickson sold 5,000 shares of the stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $72.29, for a total transaction of $361,450.00. Following the transaction, the director now owns 5,659 shares in the company, valued at approximately $409,089.11. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Ollie’s Bargain Outlet news, SVP Kevin Mclain sold 11,340 shares of the stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $85.75, for a total transaction of $972,405.00. Following the transaction, the senior vice president now owns 10,610 shares in the company, valued at approximately $909,807.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Thomas Hendrickson sold 5,000 shares of the stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $72.29, for a total transaction of $361,450.00. Following the transaction, the director now owns 5,659 shares in the company, valued at approximately $409,089.11. The disclosure for this sale can be found here. Insiders have sold a total of 37,384 shares of company stock worth $3,211,937 in the last quarter. Corporate insiders own 0.87% of the company’s stock.

Ollie’s Bargain Outlet Profile

(Free Report)

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.

Read More

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.