D. E. Shaw & Co. Inc. grew its position in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 953.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 566,738 shares of the company's stock after purchasing an additional 512,928 shares during the quarter. D. E. Shaw & Co. Inc. owned about 0.93% of Ollie's Bargain Outlet worth $55,637,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sei Investments Co. boosted its position in shares of Ollie's Bargain Outlet by 15.3% during the 1st quarter. Sei Investments Co. now owns 207,554 shares of the company's stock valued at $16,515,000 after purchasing an additional 27,531 shares in the last quarter. CHURCHILL MANAGEMENT Corp acquired a new position in Ollie's Bargain Outlet in the first quarter valued at approximately $1,621,000. Wells Fargo & Company MN boosted its holdings in shares of Ollie's Bargain Outlet by 8.2% during the 4th quarter. Wells Fargo & Company MN now owns 200,720 shares of the company's stock worth $15,233,000 after buying an additional 15,187 shares in the last quarter. Axxcess Wealth Management LLC acquired a new stake in shares of Ollie's Bargain Outlet during the 1st quarter worth approximately $841,000. Finally, Meeder Asset Management Inc. bought a new stake in shares of Ollie's Bargain Outlet in the 1st quarter valued at $529,000.
In related news, SVP James J. Comitale sold 2,153 shares of Ollie's Bargain Outlet 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 directly owns 2,732 shares in the company, valued at $284,592.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP James J. Comitale sold 2,153 shares of the firm's stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $104.17, for a total transaction of $224,278.01. Following the completion of the sale, the senior vice president now owns 2,732 shares in the company, valued at $284,592.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, President Der Valk Eric Van sold 7,479 shares of the business's stock in a transaction dated 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 owns 5,615 shares in the company, valued at $563,296.80. The disclosure for this sale can be found here. Insiders sold a total of 24,632 shares of company stock valued at $2,459,421 over the last three months. Corporate insiders own 0.87% of the company's stock.
Several research analysts recently issued reports on the stock. Morgan Stanley increased their target price on shares of 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. Royal Bank of Canada reduced their target price on Ollie's Bargain Outlet from $101.00 to $100.00 and set an "outperform" rating for the company in a research note on Friday, August 30th. Bank of America boosted their target price 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. JPMorgan Chase & Co. cut their price target on Ollie's Bargain Outlet from $113.00 to $105.00 and set an "overweight" rating on the stock in a report on Friday, August 30th. Finally, UBS Group boosted their price objective on Ollie's Bargain Outlet from $97.00 to $99.00 and gave the company a "neutral" rating in a report on Friday, August 30th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $103.33.
Check Out Our Latest Stock Analysis on Ollie's Bargain Outlet
OLLI opened at $96.98 on Friday. Ollie's Bargain Outlet Holdings, Inc. has a 1 year low of $68.05 and a 1 year high of $104.98. The company has a market capitalization of $5.94 billion, a price-to-earnings ratio of 30.59, a P/E/G ratio of 2.54 and a beta of 0.84. The firm's fifty day moving average price is $95.21 and its two-hundred day moving average price is $86.97.
Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last released its quarterly earnings results on Thursday, August 29th. The company reported $0.78 earnings per share for the quarter, hitting the consensus estimate of $0.78. The business 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 for the quarter was up 12.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.67 earnings per share. As a group, equities analysts anticipate that Ollie's Bargain Outlet Holdings, Inc. will post 3.28 EPS for the current year.
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.
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