Intech Investment Management LLC Has $671,000 Position in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Intech Investment Management LLC lowered its holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 59.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,226 shares of the company’s stock after selling 7,791 shares during the period. Intech Investment Management LLC’s holdings in Ollie’s Bargain Outlet were worth $671,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Wasatch Advisors LP increased its stake in Ollie’s Bargain Outlet by 1.2% in the 2nd quarter. Wasatch Advisors LP now owns 4,062,147 shares of the company’s stock valued at $535,310,000 after buying an additional 49,603 shares during the period. Invesco Ltd. boosted its stake in shares of Ollie’s Bargain Outlet by 55.5% during the 2nd quarter. Invesco Ltd. now owns 2,552,605 shares of the company’s stock valued at $336,382,000 after buying an additional 911,364 shares during the period. Hood River Capital Management LLC grew its holdings in shares of Ollie’s Bargain Outlet by 165.4% during the 2nd quarter. Hood River Capital Management LLC now owns 1,240,339 shares of the company’s stock valued at $163,452,000 after acquiring an additional 773,013 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Ollie’s Bargain Outlet by 0.4% during the 2nd quarter. Geode Capital Management LLC now owns 1,140,234 shares of the company’s stock valued at $150,284,000 after acquiring an additional 5,000 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in shares of Ollie’s Bargain Outlet by 14.7% in the second quarter. Ameriprise Financial Inc. now owns 950,770 shares of the company’s stock worth $125,293,000 after acquiring an additional 122,027 shares during the last quarter.

Analysts Set New Price Targets

A number of analysts recently issued reports on OLLI shares. Craig Hallum reissued a “buy” rating and set a $157.00 price objective on shares of Ollie’s Bargain Outlet in a research report on Wednesday, December 10th. Wells Fargo & Company dropped their target price on Ollie’s Bargain Outlet from $125.00 to $120.00 and set an “equal weight” rating on the stock in a research report on Friday, December 19th. The Goldman Sachs Group reiterated a “buy” rating and set a $162.00 price target on shares of Ollie’s Bargain Outlet in a report on Wednesday, December 10th. Citigroup lowered their price target on Ollie’s Bargain Outlet from $150.00 to $141.00 and set a “buy” rating for the company in a research note on Thursday, December 11th. Finally, Piper Sandler restated an “overweight” rating on shares of Ollie’s Bargain Outlet in a report on Wednesday, December 10th. Twelve equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $142.14.

Ollie’s Bargain Outlet Price Performance

Shares of NASDAQ:OLLI opened at $106.67 on Wednesday. The stock has a market capitalization of $6.54 billion, a P/E ratio of 29.47, a P/E/G ratio of 1.63 and a beta of 0.53. The business has a 50-day moving average of $111.32 and a two-hundred day moving average of $119.51. Ollie’s Bargain Outlet Holdings, Inc. has a fifty-two week low of $97.04 and a fifty-two week high of $141.74.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings data on Tuesday, December 9th. The company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.04. Ollie’s Bargain Outlet had a return on equity of 12.86% and a net margin of 8.81%.The business had revenue of $613.62 million for the quarter, compared to analyst estimates of $613.63 million. During the same quarter in the prior year, the firm posted $0.58 EPS. The firm’s revenue for the quarter was up 18.6% on a year-over-year basis. As a group, research analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

Insider Activity at Ollie’s Bargain Outlet

In other news, Chairman John W. Swygert sold 1,126 shares of the business’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $112.06, for a total value of $126,179.56. Following the completion of the sale, the chairman directly owned 48,200 shares in the company, valued at approximately $5,401,292. The trade was a 2.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.87% of the stock is currently owned by corporate insiders.

Ollie’s Bargain Outlet Company Profile

Ollie’s Bargain Outlet is an American discount retailer specializing in closeout merchandise and surplus inventory across a broad range of categories. The company operates a no-frills retail format that offers branded and private-label products at significant markdowns. Its merchandise mix typically includes housewares, electronics, health and beauty items, food products, beauty supplies, books, toys, and seasonal goods.

Founded in 1982 by Oliver E. “Ollie” Rosenberg, the company is headquartered in Harrisburg, Pennsylvania.