Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Holdings Decreased by Champlain Investment Partners LLC

Champlain Investment Partners LLC cut its position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 10.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 589,714 shares of the company’s stock after selling 71,884 shares during the quarter. Champlain Investment Partners LLC’s holdings in Ollie’s Bargain Outlet were worth $57,320,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Royce & Associates LP lifted its position in shares of Ollie’s Bargain Outlet by 161.6% in the 3rd quarter. Royce & Associates LP now owns 75,605 shares of the company’s stock worth $7,349,000 after buying an additional 46,706 shares during the last quarter. Axxcess Wealth Management LLC bought a new position in Ollie’s Bargain Outlet in the first quarter worth about $841,000. D. E. Shaw & Co. Inc. boosted its stake in Ollie’s Bargain Outlet by 953.2% in the second quarter. D. E. Shaw & Co. Inc. now owns 566,738 shares of the company’s stock valued at $55,637,000 after acquiring an additional 512,928 shares during the period. King Luther Capital Management Corp grew its holdings in shares of Ollie’s Bargain Outlet by 36.0% during the second quarter. King Luther Capital Management Corp now owns 109,827 shares of the company’s stock valued at $10,782,000 after purchasing an additional 29,061 shares during the last quarter. Finally, Van ECK Associates Corp acquired a new stake in shares of Ollie’s Bargain Outlet during the 2nd quarter worth approximately $2,397,000.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on OLLI. JPMorgan Chase & Co. lowered their price objective on Ollie’s Bargain Outlet from $113.00 to $105.00 and set an “overweight” rating for the company in a research note on Friday, August 30th. Piper Sandler restated an “overweight” rating and set a $107.00 price target on shares of Ollie’s Bargain Outlet in a research report on Friday, October 4th. UBS Group increased their price objective on Ollie’s Bargain Outlet from $97.00 to $99.00 and gave the stock a “neutral” rating in a report on Friday, August 30th. StockNews.com cut Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research report on Tuesday, October 22nd. Finally, Gordon Haskett upgraded Ollie’s Bargain Outlet from an “accumulate” rating to a “buy” rating and boosted their price target for the stock from $105.00 to $107.00 in a research report on Monday, August 26th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $104.92.

Ollie’s Bargain Outlet Stock Up 4.3 %

Shares of OLLI stock opened at $94.61 on Friday. The stock has a 50-day simple moving average of $94.87 and a 200 day simple moving average of $92.20. Ollie’s Bargain Outlet Holdings, Inc. has a fifty-two week low of $68.05 and a fifty-two week high of $104.98. The stock has a market capitalization of $5.80 billion, a P/E ratio of 28.84, a P/E/G ratio of 2.26 and a beta of 0.84.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings data on Thursday, August 29th. The company reported $0.78 earnings per share for the quarter, meeting 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 company had revenue of $578.38 million during the quarter, compared to analyst estimates of $561.60 million. During the same quarter last year, the firm posted $0.67 EPS. The business’s revenue for the quarter was up 12.4% on a year-over-year basis. On average, sell-side analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.27 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Robert F. Helm sold 2,401 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $94.68, for a total value of $227,326.68. Following the transaction, the chief financial officer now directly owns 2,021 shares of the company’s stock, valued at $191,348.28. This trade represents a 54.30 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Kevin Mclain sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $98.99, for a total transaction of $1,484,850.00. Following the sale, the senior vice president now owns 10,610 shares in the company, valued at $1,050,283.90. This represents a 58.57 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 24,880 shares of company stock worth $2,462,470. 0.87% of the stock is owned by insiders.

Ollie’s Bargain Outlet Profile

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.