Pullen Investment Management LLC Invests $414,000 in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Pullen Investment Management LLC acquired a new position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 4,257 shares of the company’s stock, valued at approximately $414,000.

A number of other hedge funds also recently added to or reduced their stakes in OLLI. Diversified Trust Co raised its holdings in Ollie’s Bargain Outlet by 23.4% in the 1st quarter. Diversified Trust Co now owns 4,488 shares of the company’s stock worth $357,000 after acquiring an additional 852 shares during the last quarter. State of Michigan Retirement System raised its holdings in Ollie’s Bargain Outlet by 2.0% in the 1st quarter. State of Michigan Retirement System now owns 15,103 shares of the company’s stock worth $1,202,000 after acquiring an additional 300 shares during the last quarter. Wasatch Advisors LP raised its holdings in Ollie’s Bargain Outlet by 4.1% in the 1st quarter. Wasatch Advisors LP now owns 3,917,575 shares of the company’s stock worth $311,721,000 after acquiring an additional 156,095 shares during the last quarter. Norden Group LLC raised its holdings in Ollie’s Bargain Outlet by 2,574.5% in the 1st quarter. Norden Group LLC now owns 133,992 shares of the company’s stock worth $10,662,000 after acquiring an additional 128,982 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its holdings in Ollie’s Bargain Outlet by 47.4% in the 1st quarter. Commonwealth Equity Services LLC now owns 7,141 shares of the company’s stock worth $568,000 after acquiring an additional 2,297 shares during the last quarter.

Ollie’s Bargain Outlet Stock Performance

Shares of Ollie’s Bargain Outlet stock opened at $90.71 on Friday. The company has a fifty day moving average of $95.08 and a 200 day moving average of $89.73. 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 company has a market capitalization of $5.57 billion, a P/E ratio of 27.66, a P/E/G ratio of 2.28 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. Ollie’s Bargain Outlet had a net margin of 9.19% and a return on equity of 13.27%. The business had revenue of $578.38 million during the quarter, compared to the consensus estimate of $561.60 million. During the same quarter in the prior year, the firm earned $0.67 EPS. The business’s revenue was up 12.4% on a year-over-year basis. Analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.28 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on OLLI. Loop Capital reiterated a “buy” rating and set a $110.00 target price on shares of Ollie’s Bargain Outlet in a research note on Friday, September 20th. Bank of America boosted their target price on shares of Ollie’s Bargain Outlet from $102.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Gordon Haskett upgraded shares of 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. Truist Financial boosted their target price on shares of Ollie’s Bargain Outlet from $102.00 to $109.00 and gave the company a “buy” rating in a research note on Friday, July 12th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Ollie’s Bargain Outlet from $113.00 to $105.00 and set an “overweight” rating for the company in a research report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $104.92.

Insider Buying and Selling at Ollie’s Bargain Outlet

In other news, SVP Kevin Mclain sold 15,000 shares of the company’s 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 sale, the senior vice president now directly owns 10,610 shares in the company, valued at approximately $1,050,283.90. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, President Der Valk Eric Van sold 7,479 shares of the company’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $100.32, for a total transaction of $750,293.28. Following the sale, the president now directly owns 5,615 shares in the company, valued at approximately $563,296.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Kevin Mclain sold 15,000 shares of the stock in a transaction dated 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 sale, the senior vice president now directly owns 10,610 shares in the company, valued at $1,050,283.90. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 24,880 shares of company stock valued at $2,462,470 in the last 90 days. Insiders own 0.87% of the company’s stock.

Ollie’s Bargain Outlet Company Profile

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.