Chartwell Investment Partners LLC Invests $2.69 Million in Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI)

Chartwell Investment Partners LLC bought a new position in shares of Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 27,558 shares of the company’s stock, valued at approximately $2,691,000.

Other institutional investors have also added to or reduced their stakes in the company. First Hawaiian Bank purchased a new stake in shares of Ollie’s Bargain Outlet during the first quarter worth $305,000. HighTower Advisors LLC raised its stake in Ollie’s Bargain Outlet by 153.4% during the first quarter. HighTower Advisors LLC now owns 23,755 shares of the company’s stock worth $1,112,000 after purchasing an additional 14,379 shares during the period. Tower Research Capital LLC TRC boosted its holdings in Ollie’s Bargain Outlet by 1,468.0% in the 1st quarter. Tower Research Capital LLC TRC now owns 5,300 shares of the company’s stock valued at $246,000 after purchasing an additional 4,962 shares during the last quarter. New Mexico Educational Retirement Board grew its stake in shares of Ollie’s Bargain Outlet by 46.1% in the 1st quarter. New Mexico Educational Retirement Board now owns 13,000 shares of the company’s stock valued at $602,000 after buying an additional 4,100 shares during the period. Finally, Wedge Capital Management L L P NC purchased a new stake in shares of Ollie’s Bargain Outlet in the 2nd quarter valued at approximately $31,481,000.

Shares of NASDAQ:OLLI opened at $105.10 on Friday. The stock’s fifty day simple moving average is $98.86 and its 200-day simple moving average is $69.65. Ollie’s Bargain Outlet Holdings Inc has a 52-week low of $28.83 and a 52-week high of $110.17. The company has a market capitalization of $6.71 billion, a P/E ratio of 50.77, a P/E/G ratio of 1.79 and a beta of 1.35. The company has a quick ratio of 0.68, a current ratio of 2.48 and a debt-to-equity ratio of 0.27.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings results on Thursday, May 28th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.16. The firm had revenue of $349.40 million for the quarter, compared to analysts’ expectations of $322.90 million. Ollie’s Bargain Outlet had a net margin of 9.48% and a return on equity of 12.56%. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.46 earnings per share. On average, sell-side analysts anticipate that Ollie’s Bargain Outlet Holdings Inc will post 2.74 earnings per share for the current year.

Several analysts have recently commented on OLLI shares. Wells Fargo & Co lifted their price target on shares of Ollie’s Bargain Outlet from $105.00 to $114.00 and gave the company an “overweight” rating in a research report on Wednesday, July 22nd. TheStreet raised shares of Ollie’s Bargain Outlet from a “c+” rating to a “b-” rating in a research report on Wednesday, June 3rd. Credit Suisse Group lifted their price target on shares of Ollie’s Bargain Outlet from $90.00 to $95.00 and gave the company a “neutral” rating in a research report on Wednesday, July 22nd. Piper Sandler lifted their price target on shares of Ollie’s Bargain Outlet from $108.00 to $123.00 and gave the company an “overweight” rating in a research report on Wednesday, July 22nd. Finally, BidaskClub lowered shares of Ollie’s Bargain Outlet from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 2nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $97.13.

About Ollie’s Bargain Outlet

Ollie's Bargain Outlet Holdings, Inc operates as a retailer of brand name merchandise. The company offers food products, housewares, books and stationery, bed and bath products, health and beauty products, floor coverings, electronics, and toys; and other products, including hardware, personal health care, candy, clothing, sporting, pet and lawn, and garden products.

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Institutional Ownership by Quarter for Ollie`s Bargain Outlet (NASDAQ:OLLI)

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