24,415 Shares in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Acquired by Van ECK Associates Corp

Van ECK Associates Corp acquired a new position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) in the second quarter, Holdings Channel.com reports. The fund acquired 24,415 shares of the company’s stock, valued at approximately $2,397,000.

A number of other large investors have also modified their holdings of the business. International Assets Investment Management LLC purchased a new stake in shares of Ollie’s Bargain Outlet during the second quarter valued at $25,000. ORG Partners LLC acquired a new stake in Ollie’s Bargain Outlet during the 1st quarter worth about $28,000. Blue Bell Private Wealth Management LLC purchased a new stake in Ollie’s Bargain Outlet during the 1st quarter valued at about $29,000. Opal Wealth Advisors LLC acquired a new position in shares of Ollie’s Bargain Outlet in the second quarter valued at about $31,000. Finally, Crewe Advisors LLC purchased a new position in shares of Ollie’s Bargain Outlet in the second quarter worth about $36,000.

Ollie’s Bargain Outlet Stock Performance

Ollie’s Bargain Outlet stock opened at $87.31 on Friday. The company’s fifty day moving average price is $95.76 and its 200 day moving average price is $84.93. The stock has a market capitalization of $5.36 billion, a P/E ratio of 27.54, a P/E/G ratio of 2.43 and a beta of 0.84. Ollie’s Bargain Outlet Holdings, Inc. has a 1 year low of $68.05 and a 1 year high of $104.98.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its earnings results on Thursday, August 29th. The company reported $0.78 EPS for the quarter, hitting analysts’ consensus estimates of $0.78. The business had revenue of $578.38 million during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 12.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.67 earnings per share. Sell-side analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.27 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on OLLI shares. UBS Group increased their price target on shares of Ollie’s Bargain Outlet from $97.00 to $99.00 and gave the stock a “neutral” rating in a report on Friday, August 30th. Truist Financial raised their target price on shares of Ollie’s Bargain Outlet from $102.00 to $109.00 and gave the stock a “buy” rating in a report on Friday, July 12th. StockNews.com lowered shares of Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a report on Friday, August 30th. Morgan Stanley lifted their price objective on Ollie’s Bargain Outlet from $80.00 to $92.00 and gave the company an “equal weight” rating in a research note on Thursday, June 6th. Finally, Wells Fargo & Company upped their target price on Ollie’s Bargain Outlet from $85.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday, June 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Ollie’s Bargain Outlet has an average rating of “Moderate Buy” and an average price target of $103.33.

Insider Buying and Selling at Ollie’s Bargain Outlet

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