20,996 Shares in Ollie’s Bargain Outlet Holdings, Inc. $OLLI Bought by XTX Topco Ltd

XTX Topco Ltd bought a new position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 20,996 shares of the company’s stock, valued at approximately $2,767,000.

Other hedge funds have also modified their holdings of the company. Geode Capital Management LLC raised its holdings in Ollie’s Bargain Outlet by 0.4% during the second quarter. Geode Capital Management LLC now owns 1,140,234 shares of the company’s stock valued at $150,284,000 after acquiring an additional 5,000 shares during the period. Geneva Capital Management LLC raised its position in Ollie’s Bargain Outlet by 7.6% during the second quarter. Geneva Capital Management LLC now owns 1,129,086 shares of the company’s stock valued at $148,791,000 after purchasing an additional 79,627 shares during the period. Wellington Management Group LLP raised its stake in shares of Ollie’s Bargain Outlet by 268.0% in the first quarter. Wellington Management Group LLP now owns 844,799 shares of the company’s stock valued at $98,301,000 after acquiring an additional 615,257 shares during the period. Ameriprise Financial Inc. lifted its stake in Ollie’s Bargain Outlet by 130.3% in the first quarter. Ameriprise Financial Inc. now owns 828,743 shares of the company’s stock worth $96,428,000 after purchasing an additional 468,944 shares during the last quarter. Finally, Stephens Investment Management Group LLC boosted its holdings in Ollie’s Bargain Outlet by 0.8% during the 2nd quarter. Stephens Investment Management Group LLC now owns 816,087 shares of the company’s stock valued at $107,544,000 after acquiring an additional 6,805 shares during the period.

Insider Activity

In related news, CEO Der Valk Eric Van sold 4,000 shares of the firm’s stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $132.27, for a total transaction of $529,080.00. Following the completion of the transaction, the chief executive officer directly owned 7,761 shares in the company, valued at $1,026,547.47. This trade represents a 34.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman John W. Swygert sold 107,058 shares of the business’s stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $132.87, for a total transaction of $14,224,796.46. Following the sale, the chairman owned 48,200 shares in the company, valued at $6,404,334. This trade represents a 68.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 128,890 shares of company stock worth $17,057,659 in the last quarter. Insiders own 0.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on OLLI. Wells Fargo & Company lifted their price objective on Ollie’s Bargain Outlet from $105.00 to $130.00 and gave the company an “equal weight” rating in a report on Friday, August 29th. Craig Hallum set a $156.00 target price on Ollie’s Bargain Outlet in a research note on Friday, August 29th. Jefferies Financial Group boosted their target price on shares of Ollie’s Bargain Outlet from $111.00 to $135.00 and gave the stock a “hold” rating in a report on Friday, August 29th. Citigroup lowered their price target on shares of Ollie’s Bargain Outlet from $154.00 to $150.00 and set a “buy” rating on the stock in a report on Monday. Finally, Truist Financial lifted their price objective on shares of Ollie’s Bargain Outlet from $146.00 to $148.00 and gave the stock a “buy” rating in a research report on Thursday, August 28th. Nine equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Ollie’s Bargain Outlet has an average rating of “Moderate Buy” and a consensus target price of $145.31.

Ollie’s Bargain Outlet Stock Performance

Shares of OLLI stock opened at $125.22 on Thursday. Ollie’s Bargain Outlet Holdings, Inc. has a fifty-two week low of $94.15 and a fifty-two week high of $141.74. The firm has a market capitalization of $7.68 billion, a P/E ratio of 36.30, a PEG ratio of 2.52 and a beta of 0.41. The stock’s fifty day moving average is $125.99 and its two-hundred day moving average is $126.59.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings results on Thursday, August 28th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.08. The firm had revenue of $679.56 million for the quarter, compared to analysts’ expectations of $658.03 million. Ollie’s Bargain Outlet had a net margin of 8.74% and a return on equity of 12.66%. The company’s revenue was up 17.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.78 EPS. On average, equities analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

About Ollie’s Bargain Outlet

Ollie’s Bargain Outlet Holdings, Inc is a holding company, which engages in the retail of closeouts, excess inventory, and salvage merchandise. It offers overstocks, package changes, manufacturer refurbished goods, and irregulars. The company’s products include housewares, food, books and stationery, bed and bath, floor coverings, electronics and toys.