Scientech Research LLC Takes Position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Scientech Research LLC purchased a new stake in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 13,423 shares of the company’s stock, valued at approximately $1,318,000.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on OLLI shares. Morgan Stanley lifted their target price on Ollie’s Bargain Outlet from $80.00 to $92.00 and gave the stock an “equal weight” rating in a research note on Thursday, June 6th. 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. Loop Capital reissued a “buy” rating and set a $110.00 target price on shares of Ollie’s Bargain Outlet in a research report on Friday, September 20th. Wells Fargo & Company lifted their price target on shares of Ollie’s Bargain Outlet from $85.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, June 6th. Finally, Piper Sandler reissued an “overweight” rating and set a $107.00 price objective on shares of Ollie’s Bargain Outlet in a report on Friday, August 30th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $103.33.

Ollie’s Bargain Outlet Trading Down 1.7 %

Shares of Ollie’s Bargain Outlet stock opened at $96.98 on Friday. The company’s 50-day moving average price is $95.21 and its 200-day moving average price is $86.97. The company has a market cap of $5.94 billion, a price-to-earnings ratio of 30.59, a PEG ratio of 2.54 and a beta of 0.84. Ollie’s Bargain Outlet Holdings, Inc. has a 12-month low of $68.05 and a 12-month high of $104.98.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings results on Thursday, August 29th. The company reported $0.78 EPS for the quarter, meeting the consensus estimate of $0.78. The firm had revenue of $578.38 million during 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 business’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same period last year, the firm earned $0.67 EPS. On average, sell-side analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.28 earnings per share for the current year.

Insider Buying and Selling

In other Ollie’s Bargain Outlet news, SVP James J. Comitale sold 2,153 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $104.17, for a total value of $224,278.01. Following the sale, 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 legal filing with the SEC, which is accessible through this hyperlink. In other news, SVP James J. Comitale sold 2,153 shares of the 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 transaction, the senior vice president now 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 Securities & Exchange Commission, which is available through this link. Also, SVP Kevin Mclain sold 15,000 shares of Ollie’s Bargain Outlet 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 of the company’s stock, valued at $1,050,283.90. The disclosure for this sale can be found here. Insiders sold a total of 24,632 shares of company stock worth $2,459,421 over the last ninety days. 0.87% of the stock is owned by corporate insiders.

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.