Blue Barn Wealth LLC Makes New Investment in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Blue Barn Wealth LLC bought a new stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,387 shares of the company’s stock, valued at approximately $234,000.

A number of other large investors also recently made changes to their positions in OLLI. Capital Research Global Investors purchased a new stake in Ollie’s Bargain Outlet in the 1st quarter valued at about $136,978,000. Norges Bank bought a new stake in Ollie’s Bargain Outlet during the fourth quarter worth $59,215,000. Vanguard Group Inc. boosted its position in Ollie’s Bargain Outlet by 6.2% in the first quarter. Vanguard Group Inc. now owns 5,882,908 shares of the company’s stock worth $468,103,000 after purchasing an additional 343,903 shares during the last quarter. Wasatch Advisors LP grew its stake in Ollie’s Bargain Outlet by 5.2% in the 4th quarter. Wasatch Advisors LP now owns 3,761,480 shares of the company’s stock valued at $285,459,000 after purchasing an additional 184,864 shares during the period. Finally, Los Angeles Capital Management LLC increased its position in shares of 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 valued at $14,891,000 after purchasing an additional 184,229 shares during the last quarter.

Insider Activity

In other Ollie’s Bargain Outlet news, SVP James J. Comitale sold 2,153 shares of the business’s stock in a transaction that occurred 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 owns 2,732 shares of the company’s stock, valued at approximately $284,592.44. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, Director Thomas Hendrickson sold 4,500 shares of the firm’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $97.54, for a total transaction of $438,930.00. Following the transaction, the director now directly owns 5,659 shares of the company’s stock, valued at approximately $551,978.86. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP James J. Comitale sold 2,153 shares of the stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $104.17, for a total transaction of $224,278.01. Following the transaction, the senior vice president now owns 2,732 shares in the company, valued at $284,592.44. The disclosure for this sale can be found here. Corporate insiders own 0.87% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on OLLI shares. Piper Sandler reissued an “overweight” rating and issued a $107.00 price target on shares of Ollie’s Bargain Outlet in a report on Friday, August 30th. Bank of America raised 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 note on Thursday, June 6th. 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. Gordon Haskett upgraded Ollie’s Bargain Outlet from an “accumulate” rating to a “buy” rating and boosted their target price for the company from $105.00 to $107.00 in a research note on Monday, August 26th. Finally, Loop Capital upped their price target on Ollie’s Bargain Outlet from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Monday, June 24th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $103.33.

Ollie’s Bargain Outlet Trading Down 0.0 %

Ollie’s Bargain Outlet stock opened at $87.72 on Friday. The firm’s 50 day simple moving average is $95.97 and its 200 day simple moving average is $84.86. Ollie’s Bargain Outlet Holdings, Inc. has a 1-year low of $68.05 and a 1-year high of $104.98. The firm has a market capitalization of $5.38 billion, a PE ratio of 27.68, a price-to-earnings-growth ratio of 2.43 and a beta of 0.84.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings data on Thursday, August 29th. The company reported $0.78 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.78. Ollie’s Bargain Outlet had a return on equity of 13.27% and a net margin of 9.19%. The company had revenue of $578.38 million for the quarter, compared to the consensus estimate of $561.60 million. During the same quarter last year, the business posted $0.67 earnings per share. The firm’s revenue was up 12.4% compared to the same quarter last year. Research analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.27 earnings per share for the current year.

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.