Emerald Advisers LLC Has $21.54 Million Stock Position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Emerald Advisers LLC boosted its stake in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 16.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 219,404 shares of the company’s stock after purchasing an additional 30,648 shares during the quarter. Emerald Advisers LLC owned 0.36% of Ollie’s Bargain Outlet worth $21,539,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of OLLI. International Assets Investment Management LLC acquired a new position in shares of Ollie’s Bargain Outlet during the second quarter valued at about $25,000. Opal Wealth Advisors LLC acquired a new position in Ollie’s Bargain Outlet in the 2nd quarter valued at approximately $31,000. Blue Bell Private Wealth Management LLC bought a new stake in shares of Ollie’s Bargain Outlet in the 1st quarter worth approximately $29,000. Crewe Advisors LLC acquired a new stake in shares of Ollie’s Bargain Outlet during the 2nd quarter worth approximately $36,000. Finally, ORG Partners LLC bought a new stake in shares of Ollie’s Bargain Outlet during the first quarter valued at approximately $28,000.

Insider Buying and Selling

In other news, Director Thomas Hendrickson sold 4,500 shares of the company’s 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Thomas Hendrickson sold 4,500 shares of the firm’s 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 completion of the transaction, the director now directly owns 5,659 shares of the company’s stock, valued at $551,978.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 stock was sold at an average price of $104.17, for a total value of $224,278.01. Following the transaction, the senior vice president now owns 2,732 shares of the company’s stock, valued at approximately $284,592.44. The disclosure for this sale can be found here. Company insiders own 0.87% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on OLLI shares. Wells Fargo & Company lifted their price target on shares of Ollie’s Bargain Outlet from $85.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday, June 6th. JPMorgan Chase & Co. decreased their target price on shares of Ollie’s Bargain Outlet from $113.00 to $105.00 and set an “overweight” rating on the stock in a research report on Friday, August 30th. Morgan Stanley raised their price target on shares of Ollie’s Bargain Outlet from $80.00 to $92.00 and gave the stock an “equal weight” rating in a research note on Thursday, June 6th. UBS Group upped their price objective on Ollie’s Bargain Outlet from $97.00 to $99.00 and gave the company a “neutral” rating in a research note on Friday, August 30th. Finally, Royal Bank of Canada cut their target price on Ollie’s Bargain Outlet from $101.00 to $100.00 and set an “outperform” rating for the company in a research report on Friday, August 30th. 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’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $103.33.

Ollie’s Bargain Outlet Price Performance

Shares of OLLI stock opened at $87.31 on Friday. The stock has a market cap of $5.34 billion, a PE ratio of 27.54, a price-to-earnings-growth ratio of 2.43 and a beta of 0.84. The stock has a 50-day moving average of $95.76 and a 200-day moving average of $84.96. Ollie’s Bargain Outlet Holdings, Inc. has a one year low of $68.05 and a one year high of $104.98.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its earnings results on Thursday, August 29th. The company reported $0.78 EPS for the quarter, hitting 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 firm had revenue of $578.38 million for the quarter, compared to the consensus estimate of $561.60 million. During the same period last year, the company posted $0.67 EPS. The business’s quarterly revenue 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 earnings per share for the current year.

About Ollie’s Bargain Outlet

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.