Van ECK Associates Corp Raises Position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Van ECK Associates Corp lifted its position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 40.0% in the third quarter, HoldingsChannel.com reports. The firm owned 34,183 shares of the company’s stock after purchasing an additional 9,768 shares during the quarter. Van ECK Associates Corp’s holdings in Ollie’s Bargain Outlet were worth $3,103,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Janney Montgomery Scott LLC boosted its stake in Ollie’s Bargain Outlet by 5.2% during the third quarter. Janney Montgomery Scott LLC now owns 8,122 shares of the company’s stock worth $789,000 after buying an additional 402 shares during the period. Pembroke Management LTD boosted its position in shares of Ollie’s Bargain Outlet by 346.1% in the 3rd quarter. Pembroke Management LTD now owns 89,176 shares of the company’s stock worth $8,668,000 after purchasing an additional 69,186 shares in the last quarter. Emerald Mutual Fund Advisers Trust increased its holdings in shares of Ollie’s Bargain Outlet by 7.0% during the third quarter. Emerald Mutual Fund Advisers Trust now owns 191,153 shares of the company’s stock valued at $18,580,000 after acquiring an additional 12,586 shares in the last quarter. F M Investments LLC increased its position in shares of Ollie’s Bargain Outlet by 2.1% in the 3rd quarter. F M Investments LLC now owns 144,058 shares of the company’s stock valued at $14,002,000 after acquiring an additional 2,963 shares during the period. Finally, Farther Finance Advisors LLC increased its holdings in Ollie’s Bargain Outlet by 5.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,544 shares of the company’s stock worth $344,000 after buying an additional 188 shares during the period.

Ollie’s Bargain Outlet Stock Performance

Shares of NASDAQ:OLLI opened at $99.00 on Friday. The stock has a market capitalization of $6.07 billion, a price-to-earnings ratio of 30.18, a PEG ratio of 2.38 and a beta of 0.84. The company has a 50-day simple moving average of $94.82 and a 200-day simple moving average of $91.21. Ollie’s Bargain Outlet Holdings, Inc. has a one year low of $68.05 and a one year high of $104.98.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings data on Thursday, August 29th. The company reported $0.78 EPS for the quarter, meeting analysts’ consensus estimates of $0.78. The firm had revenue of $578.38 million for 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 firm’s revenue was up 12.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.67 EPS. As a group, research analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.28 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have weighed in on OLLI. Gordon Haskett raised shares of Ollie’s Bargain Outlet from an “accumulate” rating to a “buy” rating and lifted their price objective for the company from $105.00 to $107.00 in a report on Monday, August 26th. 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 report on Monday, September 30th. Piper Sandler reiterated an “overweight” rating and set a $107.00 price target on shares of Ollie’s Bargain Outlet in a research report on Friday, October 4th. Royal Bank of Canada increased their price target on shares of Ollie’s Bargain Outlet from $100.00 to $106.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. Finally, StockNews.com downgraded Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $104.92.

Insider Activity

In other news, CFO Robert F. Helm sold 2,401 shares of Ollie’s Bargain Outlet stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $94.68, for a total value of $227,326.68. Following the transaction, the chief financial officer now directly owns 2,021 shares of the company’s stock, valued at $191,348.28. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Ollie’s Bargain Outlet news, President Der Valk Eric Van sold 7,479 shares of the firm’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $100.32, for a total transaction of $750,293.28. Following the completion of the transaction, the president now directly owns 5,615 shares of the company’s stock, valued at $563,296.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Robert F. Helm sold 2,401 shares of the business’s stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $94.68, for a total transaction of $227,326.68. Following the completion of the sale, the chief financial officer now directly owns 2,021 shares of the company’s stock, valued at $191,348.28. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 24,880 shares of company stock valued at $2,462,470 over the last quarter. Company insiders own 0.87% of the company’s stock.

Ollie’s Bargain Outlet 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.