Vanguard Personalized Indexing Management LLC Purchases 359 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Vanguard Personalized Indexing Management LLC boosted its position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 8.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,392 shares of the company’s stock after acquiring an additional 359 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Ollie’s Bargain Outlet were worth $431,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new position in shares of Ollie’s Bargain Outlet during the second quarter worth approximately $25,000. Opal Wealth Advisors LLC bought a new position in shares of Ollie’s Bargain Outlet in the second quarter valued at $31,000. Crewe Advisors LLC acquired a new position in shares of Ollie’s Bargain Outlet during the second quarter valued at about $36,000. ORG Partners LLC bought a new stake in shares of Ollie’s Bargain Outlet during the first quarter worth about $28,000. Finally, Versant Capital Management Inc acquired a new stake in shares of Ollie’s Bargain Outlet in the 2nd quarter worth about $38,000.

Insider Activity at Ollie’s Bargain Outlet

In related news, SVP Kevin Mclain sold 15,000 shares of the business’s stock in a transaction on Monday, September 16th. The stock was 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 directly owns 10,610 shares in the company, valued at approximately $1,050,283.90. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Ollie’s Bargain Outlet news, SVP James J. Comitale sold 2,153 shares of the firm’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $104.17, for a total value of $224,278.01. Following the completion of the transaction, the senior vice president now directly owns 2,732 shares of the company’s stock, valued at approximately $284,592.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Kevin Mclain sold 15,000 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $98.99, for a total transaction of $1,484,850.00. Following the completion of the transaction, the senior vice president now directly owns 10,610 shares in the company, valued at approximately $1,050,283.90. The disclosure for this sale can be found here. In the last ninety days, insiders sold 24,632 shares of company stock worth $2,459,421. Corporate insiders own 0.87% of the company’s stock.

Ollie’s Bargain Outlet Price Performance

Shares of OLLI opened at $96.98 on Friday. Ollie’s Bargain Outlet Holdings, Inc. has a 1 year low of $68.05 and a 1 year high of $104.98. The stock’s fifty day moving average price is $95.21 and its two-hundred day moving average price is $86.97. The firm has a market cap of $5.94 billion, a PE ratio of 30.59, a PEG ratio of 2.54 and a beta of 0.84.

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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Gordon Haskett upgraded Ollie’s Bargain Outlet from an “accumulate” rating to a “buy” rating and lifted their price target for the company from $105.00 to $107.00 in a research note on Monday, August 26th. UBS Group upped their price target 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. Bank of America raised their price objective on Ollie’s Bargain Outlet from $92.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday, June 6th. Loop Capital reiterated 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, JPMorgan Chase & Co. dropped their price target on shares of Ollie’s Bargain Outlet from $113.00 to $105.00 and set an “overweight” rating on the stock in a research report on Friday, August 30th. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $103.33.

About Ollie’s Bargain Outlet

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.