Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Shares Bought by Sei Investments Co.

Sei Investments Co. grew its holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 52.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 315,612 shares of the company’s stock after purchasing an additional 108,058 shares during the period. Sei Investments Co.’s holdings in Ollie’s Bargain Outlet were worth $30,984,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. International Assets Investment Management LLC purchased a new position in Ollie’s Bargain Outlet during the second quarter worth about $25,000. ORG Partners LLC purchased a new position in shares of Ollie’s Bargain Outlet during the 1st quarter worth approximately $28,000. Opal Wealth Advisors LLC purchased a new stake in Ollie’s Bargain Outlet in the second quarter valued at approximately $31,000. Crewe Advisors LLC acquired a new position in Ollie’s Bargain Outlet during the second quarter worth $36,000. Finally, Versant Capital Management Inc acquired a new position in Ollie’s Bargain Outlet during the second quarter worth $38,000.

Ollie’s Bargain Outlet Trading Up 2.7 %

Shares of OLLI opened at $101.68 on Tuesday. The company’s 50 day simple moving average is $95.38 and its 200-day simple moving average is $86.45. The firm has a market cap of $6.22 billion, a PE ratio of 32.08, a price-to-earnings-growth ratio of 2.48 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 posted its quarterly earnings data on Thursday, August 29th. The company reported $0.78 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.78. The company had revenue of $578.38 million during the quarter, compared to analysts’ expectations of $561.60 million. Ollie’s Bargain Outlet had a return on equity of 13.27% and a net margin of 9.19%. The firm’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same period last year, the firm earned $0.67 EPS. As a group, equities research analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.28 EPS for the current fiscal year.

Wall Street Analyst Weigh In

OLLI has been the subject of several research reports. Wells Fargo & Company lifted their target price on Ollie’s Bargain Outlet from $85.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday, June 6th. Craig Hallum increased their price objective on 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. Bank of America increased their price target on Ollie’s Bargain Outlet from $92.00 to $102.00 and gave the company a “buy” rating in a research report on Thursday, June 6th. Truist Financial boosted their price objective on Ollie’s Bargain Outlet from $102.00 to $109.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. Finally, Morgan Stanley raised their target price on shares of Ollie’s Bargain Outlet from $80.00 to $92.00 and gave the company an “equal weight” rating in a report on Thursday, June 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $103.33.

Insider Buying and Selling at Ollie’s Bargain Outlet

In other news, SVP Kevin Mclain sold 15,000 shares of Ollie’s Bargain Outlet stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $98.99, for a total value of $1,484,850.00. Following the sale, the senior vice president now owns 10,610 shares of the company’s stock, valued at $1,050,283.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Ollie’s Bargain Outlet news, SVP Kevin Mclain sold 15,000 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $98.99, for a total value of $1,484,850.00. Following the completion of the transaction, the senior vice president now owns 10,610 shares in the company, valued at $1,050,283.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP James J. Comitale sold 2,153 shares of the business’s stock in a transaction 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 sale, the senior vice president now owns 2,732 shares in the company, valued at $284,592.44. The disclosure for this sale can be found here. 0.87% of the stock is currently owned by corporate insiders.

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.