Bailard Inc. Makes New $520,000 Investment in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Bailard Inc. acquired a new stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 5,300 shares of the company’s stock, valued at approximately $520,000.

Several other institutional investors and hedge funds have also recently modified their holdings of OLLI. International Assets Investment Management LLC increased its stake in Ollie’s Bargain Outlet by 4,164.0% during the fourth quarter. International Assets Investment Management LLC now owns 3,795 shares of the company’s stock worth $288,000 after purchasing an additional 3,706 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Ollie’s Bargain Outlet by 11.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,214 shares of the company’s stock worth $851,000 after buying an additional 1,159 shares during the period. CWM LLC lifted its holdings in Ollie’s Bargain Outlet by 25.8% during the 4th quarter. CWM LLC now owns 1,741 shares of the company’s stock worth $132,000 after buying an additional 357 shares in the last quarter. Handelsbanken Fonder AB boosted its position in Ollie’s Bargain Outlet by 5.6% in the 4th quarter. Handelsbanken Fonder AB now owns 13,300 shares of the company’s stock valued at $1,009,000 after buying an additional 700 shares during the period. Finally, California Public Employees Retirement System grew its stake in shares of Ollie’s Bargain Outlet by 2.2% in the fourth quarter. California Public Employees Retirement System now owns 119,591 shares of the company’s stock worth $9,076,000 after acquiring an additional 2,531 shares in the last quarter.

Ollie’s Bargain Outlet Trading Down 1.2 %

Shares of Ollie’s Bargain Outlet stock traded down $1.19 on Monday, hitting $97.70. The stock had a trading volume of 943,487 shares, compared to its average volume of 1,001,570. The stock has a market cap of $5.98 billion, a price-to-earnings ratio of 30.82, a P/E/G ratio of 2.60 and a beta of 0.90. Ollie’s Bargain Outlet Holdings, Inc. has a 52-week low of $68.05 and a 52-week high of $104.98. The company’s 50 day moving average price is $97.23 and its 200 day moving average price is $84.11.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings data on Wednesday, June 5th. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.08. The business had revenue of $508.82 million during the quarter, compared to the consensus estimate of $506.49 million. Ollie’s Bargain Outlet had a return on equity of 13.22% and a net margin of 9.14%. The company’s revenue was up 10.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.49 earnings per share. Analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.27 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

OLLI has been the topic of several analyst reports. Wells Fargo & Company increased their price objective on Ollie’s Bargain Outlet from $85.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, June 6th. Morgan Stanley boosted their price objective on Ollie’s Bargain Outlet from $80.00 to $92.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 6th. Piper Sandler upped their target price 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. Gordon Haskett upgraded shares of Ollie’s Bargain Outlet from an “accumulate” rating to a “buy” rating and lifted their price target for the stock from $105.00 to $107.00 in a research note on Monday. Finally, Loop Capital increased their price objective on shares of Ollie’s Bargain Outlet from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Monday, June 24th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $102.46.

Insider Activity

In other Ollie’s Bargain Outlet news, SVP Kevin Mclain sold 11,340 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $85.75, for a total value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Ollie’s Bargain Outlet news, SVP Kevin Mclain sold 11,340 shares of the company’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $85.75, for a total transaction of $972,405.00. Following the completion of the transaction, the senior vice president now owns 10,610 shares in the company, valued at approximately $909,807.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP James J. Comitale sold 2,153 shares of Ollie’s Bargain Outlet 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 directly owns 2,732 shares in the company, valued at approximately $284,592.44. The disclosure for this sale can be found here. Over the last three months, insiders sold 34,367 shares of company stock valued at $3,061,165. Insiders own 0.87% of the company’s stock.

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.