Ollie’s Bargain Outlet Holdings, Inc. $OLLI Shares Bought by Hood River Capital Management LLC

Hood River Capital Management LLC grew its stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 165.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,240,339 shares of the company’s stock after purchasing an additional 773,013 shares during the quarter. Ollie’s Bargain Outlet makes up approximately 2.3% of Hood River Capital Management LLC’s holdings, making the stock its 6th biggest holding. Hood River Capital Management LLC’s holdings in Ollie’s Bargain Outlet were worth $163,452,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of OLLI. Assetmark Inc. boosted its holdings in Ollie’s Bargain Outlet by 44.8% in the second quarter. Assetmark Inc. now owns 265 shares of the company’s stock worth $35,000 after purchasing an additional 82 shares during the period. Maseco LLP bought a new stake in shares of Ollie’s Bargain Outlet during the 2nd quarter valued at about $36,000. Brooklyn Investment Group raised its stake in Ollie’s Bargain Outlet by 133.5% during the first quarter. Brooklyn Investment Group now owns 390 shares of the company’s stock worth $45,000 after acquiring an additional 223 shares during the period. MAI Capital Management lifted its holdings in Ollie’s Bargain Outlet by 28.5% in the second quarter. MAI Capital Management now owns 397 shares of the company’s stock worth $52,000 after acquiring an additional 88 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC acquired a new position in Ollie’s Bargain Outlet in the second quarter valued at approximately $203,000.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on OLLI. Craig Hallum set a $156.00 price target on Ollie’s Bargain Outlet in a report on Friday, August 29th. Piper Sandler increased their target price on Ollie’s Bargain Outlet from $123.00 to $150.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 19th. Jefferies Financial Group raised their target price on Ollie’s Bargain Outlet from $111.00 to $135.00 and gave the company a “hold” rating in a research note on Friday, August 29th. Wells Fargo & Company upped their price target on shares of Ollie’s Bargain Outlet from $105.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Friday, August 29th. Finally, Morgan Stanley increased their price objective on shares of Ollie’s Bargain Outlet from $118.00 to $145.00 and gave the stock an “equal weight” rating in a report on Friday, August 29th. Nine equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Ollie’s Bargain Outlet has a consensus rating of “Moderate Buy” and a consensus price target of $145.38.

Ollie’s Bargain Outlet Stock Up 2.6%

OLLI stock opened at $121.33 on Monday. The company has a market capitalization of $7.44 billion, a P/E ratio of 35.17, a PEG ratio of 2.48 and a beta of 0.44. The company has a 50-day simple moving average of $124.11 and a 200 day simple moving average of $126.91. Ollie’s Bargain Outlet Holdings, Inc. has a fifty-two week low of $94.88 and a fifty-two week high of $141.74.

Insider Activity

In related news, CEO Der Valk Eric Van sold 4,000 shares of the stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $132.27, for a total transaction of $529,080.00. Following the completion of the sale, the chief executive officer directly owned 7,761 shares of the company’s stock, valued at $1,026,547.47. This represents a 34.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Robert F. Helm sold 367 shares of the firm’s stock in a transaction on Thursday, October 23rd. The stock was sold at an average price of $120.08, for a total value of $44,069.36. Following the sale, the chief financial officer directly owned 3,641 shares of the company’s stock, valued at approximately $437,211.28. This represents a 9.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 126,773 shares of company stock valued at $16,782,449 over the last 90 days. Corporate insiders own 0.87% of the company’s stock.

Ollie’s Bargain Outlet Company Profile

Ollie’s Bargain Outlet Holdings, Inc is a holding company, which engages in the retail of closeouts, excess inventory, and salvage merchandise. It offers overstocks, package changes, manufacturer refurbished goods, and irregulars. The company’s products include housewares, food, books and stationery, bed and bath, floor coverings, electronics and toys.