AGF Investments LLC Takes $698,000 Position in Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI)

AGF Investments LLC acquired a new stake in shares of Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 15,064 shares of the company’s stock, valued at approximately $698,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Assetmark Inc. purchased a new stake in shares of Ollie’s Bargain Outlet during the fourth quarter valued at $34,000. Point72 Hong Kong Ltd acquired a new position in Ollie’s Bargain Outlet during the fourth quarter valued at $44,000. Fifth Third Bancorp acquired a new position in Ollie’s Bargain Outlet during the first quarter valued at $42,000. First Horizon Advisors Inc. lifted its position in Ollie’s Bargain Outlet by 100.0% during the first quarter. First Horizon Advisors Inc. now owns 1,022 shares of the company’s stock valued at $47,000 after purchasing an additional 511 shares during the period. Finally, Quantbot Technologies LP acquired a new position in Ollie’s Bargain Outlet during the fourth quarter valued at $77,000.

In related news, CEO John W. Swygert sold 28,062 shares of the company’s stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $72.50, for a total transaction of $2,034,495.00. Following the completion of the transaction, the chief executive officer now owns 53,218 shares in the company, valued at approximately $3,858,305. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO John W. Swygert sold 1,538 shares of the company’s stock in a transaction dated Monday, March 30th. The stock was sold at an average price of $43.33, for a total transaction of $66,641.54. Following the transaction, the chief executive officer now owns 27,278 shares of the company’s stock, valued at approximately $1,181,955.74. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 68,790 shares of company stock valued at $4,324,917. Insiders own 16.36% of the company’s stock.

Shares of Ollie’s Bargain Outlet stock opened at $85.61 on Friday. The firm has a 50-day simple moving average of $62.30 and a two-hundred day simple moving average of $58.38. The company has a market cap of $5.32 billion, a P/E ratio of 39.82, a price-to-earnings-growth ratio of 2.25 and a beta of 1.25. Ollie’s Bargain Outlet Holdings Inc has a fifty-two week low of $28.83 and a fifty-two week high of $103.03. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.55 and a current ratio of 2.44.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings results on Thursday, March 19th. The company reported $0.74 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.02). Ollie’s Bargain Outlet had a return on equity of 12.69% and a net margin of 10.02%. The company had revenue of $422.43 million for the quarter, compared to analyst estimates of $439.08 million. During the same quarter last year, the company earned $0.71 EPS. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. Equities research analysts forecast that Ollie’s Bargain Outlet Holdings Inc will post 1.89 EPS for the current year.

OLLI has been the subject of a number of research reports. Piper Sandler boosted their target price on shares of Ollie’s Bargain Outlet from $67.00 to $82.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. KeyCorp boosted their target price on shares of Ollie’s Bargain Outlet from $74.00 to $80.00 and gave the company a “positive” rating in a research report on Monday, May 18th. Citigroup decreased their target price on shares of Ollie’s Bargain Outlet from $43.00 to $39.00 and set a “neutral” rating for the company in a research report on Friday, March 20th. Roth Capital downgraded shares of Ollie’s Bargain Outlet from a “buy” rating to a “neutral” rating and set a $59.00 target price for the company. in a research report on Wednesday, March 4th. Finally, Loop Capital downgraded shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and set a $33.00 target price for the company. in a research report on Friday, March 20th. Seven analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Ollie’s Bargain Outlet has an average rating of “Buy” and a consensus target price of $67.94.

Ollie’s Bargain Outlet Profile

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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