Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Shares Bought by Pembroke Management LTD

Pembroke Management LTD raised its position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 346.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 89,176 shares of the company’s stock after purchasing an additional 69,186 shares during the period. Pembroke Management LTD’s holdings in Ollie’s Bargain Outlet were worth $8,668,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the company. Signaturefd LLC increased its holdings in Ollie’s Bargain Outlet by 6.4% in the second quarter. Signaturefd LLC now owns 1,727 shares of the company’s stock valued at $170,000 after buying an additional 104 shares during the last quarter. Trust Point Inc. increased its holdings in shares of Ollie’s Bargain Outlet by 1.0% in the 3rd quarter. Trust Point Inc. now owns 13,184 shares of the company’s stock valued at $1,281,000 after acquiring an additional 134 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Ollie’s Bargain Outlet by 37.9% during the 3rd quarter. GAMMA Investing LLC now owns 651 shares of the company’s stock worth $63,000 after acquiring an additional 179 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in Ollie’s Bargain Outlet by 5.6% during the third quarter. Farther Finance Advisors LLC now owns 3,544 shares of the company’s stock worth $344,000 after purchasing an additional 188 shares during the last quarter. Finally, Vista Investment Partners LLC boosted its holdings in Ollie’s Bargain Outlet by 1.8% in the first quarter. Vista Investment Partners LLC now owns 11,087 shares of the company’s stock valued at $882,000 after purchasing an additional 191 shares in the last quarter.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Royal Bank of Canada raised their price objective on shares of Ollie’s Bargain Outlet from $100.00 to $106.00 and gave the stock an “outperform” rating in a report on Wednesday, October 2nd. JPMorgan Chase & Co. reduced their price target 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. StockNews.com lowered Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a report on Tuesday, October 22nd. Bank of America boosted their target price on Ollie’s Bargain Outlet from $102.00 to $115.00 and gave the company a “buy” rating in a report on Monday, September 30th. Finally, Piper Sandler restated an “overweight” rating and set a $107.00 price target on shares of Ollie’s Bargain Outlet in a research note on Friday, October 4th. One analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $104.92.

Ollie’s Bargain Outlet Price Performance

Ollie’s Bargain Outlet stock opened at $92.98 on Friday. The business has a 50 day simple moving average of $94.40 and a 200-day simple moving average of $90.38. Ollie’s Bargain Outlet Holdings, Inc. has a 12 month low of $68.05 and a 12 month high of $104.98. The stock has a market capitalization of $5.70 billion, a PE ratio of 28.35, a price-to-earnings-growth ratio of 2.28 and a beta of 0.84.

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 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 company had revenue of $578.38 million during the quarter, compared to analysts’ expectations of $561.60 million. During the same quarter last year, the business earned $0.67 EPS. The business’s revenue was up 12.4% on a year-over-year basis. As a group, equities research analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.28 EPS for the current year.

Insider Buying and Selling at Ollie’s Bargain Outlet

In other news, CFO Robert F. Helm sold 2,401 shares of the firm’s stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $94.68, for a total value 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. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CFO Robert F. Helm sold 2,401 shares of the company’s stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $94.68, for a total transaction 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. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Kevin Mclain sold 15,000 shares of the firm’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 completion of the sale, the senior vice president now owns 10,610 shares of the company’s stock, valued at $1,050,283.90. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 24,880 shares of company stock valued at $2,462,470. 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.