WINTON GROUP Ltd Increases Position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

WINTON GROUP Ltd raised its position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 23.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,108 shares of the company’s stock after purchasing an additional 3,039 shares during the period. WINTON GROUP Ltd’s holdings in Ollie’s Bargain Outlet were worth $1,581,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in OLLI. International Assets Investment Management LLC purchased a new position in shares of Ollie’s Bargain Outlet during the 2nd quarter valued at about $25,000. Opal Wealth Advisors LLC bought a new stake in shares of Ollie’s Bargain Outlet in the 2nd quarter worth approximately $31,000. Blue Bell Private Wealth Management LLC purchased a new stake in shares of Ollie’s Bargain Outlet in the 1st quarter valued at $29,000. Crewe Advisors LLC bought a new position in shares of Ollie’s Bargain Outlet during the 2nd quarter valued at $36,000. Finally, ORG Partners LLC purchased a new position in Ollie’s Bargain Outlet in the 1st quarter worth $28,000.

Insiders Place Their Bets

In other news, SVP James J. Comitale sold 2,153 shares of the firm’s 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 transaction, 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 available through this hyperlink. In related news, SVP James J. Comitale sold 2,153 shares of the 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 sale, the senior vice president now directly owns 2,732 shares of the company’s stock, valued at approximately $284,592.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Thomas Hendrickson sold 4,500 shares of Ollie’s Bargain Outlet stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $97.54, for a total transaction of $438,930.00. Following the completion of the transaction, the director now directly owns 5,659 shares of the company’s stock, valued at $551,978.86. The disclosure for this sale can be found here. Corporate insiders own 0.87% of the company’s stock.

Ollie’s Bargain Outlet Price Performance

NASDAQ:OLLI opened at $98.17 on Monday. The firm’s 50-day moving average price is $95.55 and its 200-day moving average price is $85.52. The company has a market capitalization of $6.02 billion, a PE ratio of 30.97, a P/E/G ratio of 2.41 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.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $561.60 million. During the same quarter in the prior year, the company earned $0.67 earnings per share. The business’s revenue was up 12.4% compared to the same quarter last year. Equities analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.28 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on OLLI. JPMorgan Chase & Co. cut their price target on shares of Ollie’s Bargain Outlet from $113.00 to $105.00 and set an “overweight” rating for the company in a research report on Friday, August 30th. Loop Capital lifted their price target on Ollie’s Bargain Outlet from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Monday, June 24th. Royal Bank of Canada dropped their price objective 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 lifted their target price on shares of Ollie’s Bargain Outlet from $92.00 to $102.00 and gave the stock a “buy” rating in a research note on Thursday, June 6th. Finally, Morgan Stanley increased their price target on shares of Ollie’s Bargain Outlet from $80.00 to $92.00 and gave the company an “equal weight” rating in a research report on Thursday, June 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $103.33.

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.