King Luther Capital Management Corp Has $10.73 Million Holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

King Luther Capital Management Corp increased its holdings in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 0.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 110,370 shares of the company’s stock after acquiring an additional 543 shares during the period. King Luther Capital Management Corp’s holdings in Ollie’s Bargain Outlet were worth $10,728,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in OLLI. Capital Research Global Investors bought a new position in shares of Ollie’s Bargain Outlet in the 1st quarter valued at about $136,978,000. D. E. Shaw & Co. Inc. grew its stake in Ollie’s Bargain Outlet by 953.2% in the second quarter. D. E. Shaw & Co. Inc. now owns 566,738 shares of the company’s stock valued at $55,637,000 after purchasing an additional 512,928 shares in the last quarter. Los Angeles Capital Management LLC increased its position in shares of Ollie’s Bargain Outlet by 199.3% during the 2nd quarter. Los Angeles Capital Management LLC now owns 560,054 shares of the company’s stock worth $54,981,000 after purchasing an additional 372,914 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Ollie’s Bargain Outlet by 6.2% during the 1st quarter. Vanguard Group Inc. now owns 5,882,908 shares of the company’s stock worth $468,103,000 after purchasing an additional 343,903 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in shares of Ollie’s Bargain Outlet by 84.8% in the 3rd quarter. Victory Capital Management Inc. now owns 313,836 shares of the company’s stock valued at $30,505,000 after buying an additional 143,996 shares during the last quarter.

Wall Street Analysts Forecast Growth

OLLI has been the topic of several analyst reports. Piper Sandler reaffirmed an “overweight” rating and set a $107.00 price target on shares of Ollie’s Bargain Outlet in a research report on Friday, October 4th. StockNews.com downgraded shares of Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research note on Tuesday, October 22nd. UBS Group boosted their price target on Ollie’s Bargain Outlet from $97.00 to $99.00 and gave the stock a “neutral” rating in a research report on Friday, August 30th. Loop Capital reaffirmed a “buy” rating and issued a $110.00 price objective on shares of Ollie’s Bargain Outlet in a research report on Friday, September 20th. Finally, Gordon Haskett raised Ollie’s Bargain Outlet from an “accumulate” rating to a “buy” rating and boosted their target price for the stock from $105.00 to $107.00 in a report on Monday, August 26th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $104.92.

Ollie’s Bargain Outlet Stock Up 4.1 %

Shares of Ollie’s Bargain Outlet stock opened at $91.17 on Friday. The business has a 50 day moving average price of $95.01 and a 200-day moving average price of $92.20. Ollie’s Bargain Outlet Holdings, Inc. has a 52 week low of $68.05 and a 52 week high of $104.98. The company has a market cap of $5.59 billion, a PE ratio of 27.80, a price-to-earnings-growth ratio of 2.22 and a beta of 0.84.

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, meeting the consensus estimate of $0.78. Ollie’s Bargain Outlet had a net margin of 9.19% and a return on equity of 13.27%. The company had revenue of $578.38 million during the quarter, compared to analyst estimates of $561.60 million. During the same quarter in the prior year, the business earned $0.67 earnings per share. The firm’s revenue for the quarter was up 12.4% on a year-over-year basis. As a group, research analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.27 EPS for the current year.

Insider Activity at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, SVP Kevin Mclain sold 15,000 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $98.99, for a total transaction 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. This trade represents a 58.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Robert F. Helm sold 2,401 shares of the business’s stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $94.68, for a total transaction of $227,326.68. Following the completion of the sale, the chief financial officer now directly owns 2,021 shares in the company, valued at approximately $191,348.28. This trade represents a 54.30 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 24,880 shares of company stock worth $2,462,470. 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.