Emerald Mutual Fund Advisers Trust Has $17.53 Million Position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Emerald Mutual Fund Advisers Trust increased its holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 20.4% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 178,567 shares of the company’s stock after purchasing an additional 30,217 shares during the period. Emerald Mutual Fund Advisers Trust owned approximately 0.29% of Ollie’s Bargain Outlet worth $17,530,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. lifted its position in shares of Ollie’s Bargain Outlet by 2.6% during the 4th quarter. Victory Capital Management Inc. now owns 16,140 shares of the company’s stock worth $1,225,000 after buying an additional 404 shares during the period. Natixis Advisors L.P. boosted its stake in shares of Ollie’s Bargain Outlet by 2.3% in the 4th quarter. Natixis Advisors L.P. now owns 27,605 shares of the company’s stock valued at $2,094,000 after purchasing an additional 628 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of Ollie’s Bargain Outlet in the 4th quarter worth about $221,000. Charles Schwab Investment Management Inc. increased its position in shares of Ollie’s Bargain Outlet by 1.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 735,621 shares of the company’s stock worth $55,826,000 after purchasing an additional 13,181 shares in the last quarter. Finally, Teacher Retirement System of Texas lifted its holdings in Ollie’s Bargain Outlet by 4.5% during the 4th quarter. Teacher Retirement System of Texas now owns 23,308 shares of the company’s stock valued at $1,769,000 after purchasing an additional 1,014 shares during the last quarter.

Analyst Upgrades and Downgrades

Several analysts have weighed in on OLLI shares. Piper Sandler reaffirmed an “overweight” rating and set a $107.00 price objective on shares of Ollie’s Bargain Outlet in a research note on Friday, August 30th. Wells Fargo & Company increased their price target on Ollie’s Bargain Outlet from $85.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, June 6th. StockNews.com downgraded Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research report on Friday, August 30th. Gordon Haskett upgraded Ollie’s Bargain Outlet from an “accumulate” rating to a “buy” rating and increased their target price for the stock from $105.00 to $107.00 in a report on Monday, August 26th. Finally, Royal Bank of Canada cut their price target on Ollie’s Bargain Outlet from $101.00 to $100.00 and set an “outperform” rating for the company in a report on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $103.33.

Insider Activity

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 completion of the sale, the senior vice president now directly owns 2,732 shares of the company’s stock, valued at $284,592.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Ollie’s Bargain Outlet news, Director Thomas Hendrickson sold 4,500 shares of the stock in a transaction on Friday, June 21st. The shares were sold at an average price of $97.54, for a total value of $438,930.00. Following the sale, the director now directly owns 5,659 shares in the company, valued at $551,978.86. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 transaction, the senior vice president now directly 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 company insiders.

Ollie’s Bargain Outlet Trading Down 0.5 %

Shares of NASDAQ:OLLI opened at $87.31 on Friday. The stock has a market capitalization of $5.34 billion, a P/E ratio of 27.54, a P/E/G ratio of 2.43 and a beta of 0.84. Ollie’s Bargain Outlet Holdings, Inc. has a 1-year low of $68.05 and a 1-year high of $104.98. The business has a 50-day moving average price of $95.76 and a two-hundred day moving average price of $84.96.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings results on Thursday, August 29th. The company reported $0.78 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.78. Ollie’s Bargain Outlet had a net margin of 9.19% and a return on equity of 13.27%. The business had revenue of $578.38 million during the quarter, compared to the consensus estimate of $561.60 million. During the same period in the previous year, the firm posted $0.67 earnings per share. Ollie’s Bargain Outlet’s revenue for the quarter was up 12.4% compared to the same quarter last year. As a group, equities analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.27 EPS for the current year.

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.