Azzad Asset Management Inc. ADV Sells 1,370 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Azzad Asset Management Inc. ADV decreased its stake in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 3.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,515 shares of the company’s stock after selling 1,370 shares during the period. Azzad Asset Management Inc. ADV owned about 0.05% of Ollie’s Bargain Outlet worth $2,667,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Norges Bank bought a new position in Ollie’s Bargain Outlet in the fourth quarter worth approximately $59,215,000. Wellington Management Group LLP increased its stake in shares of Ollie’s Bargain Outlet by 141.5% in the third quarter. Wellington Management Group LLP now owns 1,075,882 shares of the company’s stock worth $83,037,000 after purchasing an additional 630,298 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Ollie’s Bargain Outlet by 334.7% in the third quarter. AQR Capital Management LLC now owns 305,060 shares of the company’s stock worth $23,444,000 after purchasing an additional 234,886 shares in the last quarter. Wasatch Advisors LP increased its stake in shares of Ollie’s Bargain Outlet by 5.2% in the fourth quarter. Wasatch Advisors LP now owns 3,761,480 shares of the company’s stock worth $285,459,000 after purchasing an additional 184,864 shares in the last quarter. Finally, Los Angeles Capital Management LLC increased its stake in shares of Ollie’s Bargain Outlet by 6,328.7% in the first quarter. Los Angeles Capital Management LLC now owns 187,140 shares of the company’s stock worth $14,891,000 after purchasing an additional 184,229 shares in the last quarter.

Wall Street Analysts Forecast Growth

OLLI has been the subject of a number of analyst reports. Piper Sandler increased their price objective on shares of Ollie’s Bargain Outlet from $100.00 to $107.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 25th. The Goldman Sachs Group raised their target price on shares of Ollie’s Bargain Outlet from $91.00 to $104.00 and gave the company a “buy” rating in a research note on Thursday, March 21st. Truist Financial reaffirmed a “buy” rating and set a $102.00 target price on shares of Ollie’s Bargain Outlet in a research note on Monday. Royal Bank of Canada raised their target price on shares of Ollie’s Bargain Outlet from $86.00 to $101.00 and gave the company an “outperform” rating in a research note on Thursday, June 6th. Finally, Craig Hallum raised their target price on shares of Ollie’s Bargain Outlet from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday, June 6th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $101.50.

Insider Activity at Ollie’s Bargain Outlet

In related news, President Der Valk Eric Van sold 1,438 shares of Ollie’s Bargain Outlet stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $90.00, for a total transaction of $129,420.00. Following the completion of the sale, the president now owns 4,158 shares in the company, valued at approximately $374,220. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Ollie’s Bargain Outlet news, President Der Valk Eric Van sold 1,438 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $90.00, for a total transaction of $129,420.00. Following the transaction, the president now owns 4,158 shares of the company’s stock, valued at approximately $374,220. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Kevin Mclain sold 11,340 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $85.75, for a total transaction of $972,405.00. Following the transaction, the senior vice president now directly owns 10,610 shares in the company, valued at approximately $909,807.50. The disclosure for this sale can be found here. Insiders sold 37,384 shares of company stock worth $3,211,937 in the last 90 days. 0.87% of the stock is owned by corporate insiders.

Ollie’s Bargain Outlet Trading Down 1.4 %

Ollie’s Bargain Outlet stock opened at $96.92 on Thursday. The firm has a 50-day moving average price of $83.51 and a 200-day moving average price of $77.79. The firm has a market capitalization of $5.93 billion, a PE ratio of 30.57, a price-to-earnings-growth ratio of 2.67 and a beta of 0.90. Ollie’s Bargain Outlet Holdings, Inc. has a 12-month low of $60.26 and a 12-month high of $100.44.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its earnings results on Wednesday, June 5th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.08. Ollie’s Bargain Outlet had a net margin of 9.14% and a return on equity of 13.22%. The firm had revenue of $508.82 million during the quarter, compared to analyst estimates of $506.49 million. During the same quarter last year, the business earned $0.49 EPS. The business’s revenue was up 10.8% on a year-over-year basis. As a group, sell-side analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.26 earnings per share for the current fiscal year.

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.