Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Stock Holdings Raised by Geneva Capital Management LLC

Geneva Capital Management LLC grew its position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 1.3% during the third quarter, HoldingsChannel reports. The institutional investor owned 1,050,469 shares of the company’s stock after buying an additional 13,369 shares during the quarter. Ollie’s Bargain Outlet comprises about 1.7% of Geneva Capital Management LLC’s investment portfolio, making the stock its 17th largest position. Geneva Capital Management LLC’s holdings in Ollie’s Bargain Outlet were worth $102,106,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the company. Victory Capital Management Inc. increased its holdings in shares of Ollie’s Bargain Outlet by 84.8% during the third quarter. Victory Capital Management Inc. now owns 313,836 shares of the company’s stock valued at $30,505,000 after purchasing an additional 143,996 shares during the period. WCM Investment Management LLC boosted its holdings in Ollie’s Bargain Outlet by 4.4% during the third quarter. WCM Investment Management LLC now owns 200,429 shares of the company’s stock worth $19,438,000 after buying an additional 8,420 shares in the last quarter. Chartwell Investment Partners LLC increased its holdings in shares of Ollie’s Bargain Outlet by 50.7% in the third quarter. Chartwell Investment Partners LLC now owns 12,212 shares of the company’s stock valued at $1,187,000 after buying an additional 4,111 shares in the last quarter. Crossmark Global Holdings Inc. grew its holdings in shares of Ollie’s Bargain Outlet by 10.0% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 4,406 shares of the company’s stock worth $428,000 after acquiring an additional 400 shares during the last quarter. Finally, Portside Wealth Group LLC boosted its holdings in shares of Ollie’s Bargain Outlet by 2.8% in the third quarter. Portside Wealth Group LLC now owns 12,648 shares of the company’s stock worth $1,229,000 after buying an additional 349 shares during the period.

Insider Activity

In related news, SVP Kevin Mclain sold 15,000 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $98.99, for a total value of $1,484,850.00. Following the sale, the senior vice president now directly owns 10,610 shares in the company, valued at approximately $1,050,283.90. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Ollie’s Bargain Outlet news, SVP Kevin Mclain sold 15,000 shares of the business’s stock in a transaction 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 of the company’s stock, valued at $1,050,283.90. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Robert F. Helm sold 2,401 shares of the stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $94.68, for a total value of $227,326.68. Following the sale, the chief financial officer now owns 2,021 shares in the company, valued at approximately $191,348.28. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 24,880 shares of company stock valued at $2,462,470 in the last 90 days. Insiders own 0.87% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on OLLI shares. Piper Sandler reaffirmed an “overweight” rating and issued a $107.00 target price on shares of Ollie’s Bargain Outlet in a research report on Friday, October 4th. Loop Capital reissued a “buy” rating and issued a $110.00 target price on shares of Ollie’s Bargain Outlet in a research report on Friday, September 20th. UBS Group upped their price objective on shares of Ollie’s Bargain Outlet from $97.00 to $99.00 and gave the stock a “neutral” rating in a report on Friday, August 30th. JPMorgan Chase & Co. dropped their price target on shares of Ollie’s Bargain Outlet from $113.00 to $105.00 and set an “overweight” rating for the company in a research report on Friday, August 30th. Finally, Royal Bank of Canada raised their target price on shares of Ollie’s Bargain Outlet from $100.00 to $106.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd. One equities 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 stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $104.92.

Ollie’s Bargain Outlet Price Performance

Shares of OLLI stock traded down $2.99 on Tuesday, hitting $95.11. The stock had a trading volume of 395,051 shares, compared to its average volume of 1,023,994. Ollie’s Bargain Outlet Holdings, Inc. has a 12-month low of $68.05 and a 12-month high of $104.98. The stock has a market cap of $5.83 billion, a price-to-earnings ratio of 29.91, a price-to-earnings-growth ratio of 2.46 and a beta of 0.84. The business has a 50 day moving average of $94.99 and a 200 day moving average of $91.49.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its earnings results on Thursday, August 29th. The company reported $0.78 EPS for the quarter, hitting analysts’ consensus estimates of $0.78. The company had revenue of $578.38 million for the quarter, compared to analysts’ expectations of $561.60 million. Ollie’s Bargain Outlet had a return on equity of 13.27% and a net margin of 9.19%. The business’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.67 EPS. As a group, research analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.28 earnings per share for the current fiscal year.

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.