Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Shares Bought 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% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,050,469 shares of the company’s stock after purchasing an additional 13,369 shares during the quarter. Ollie’s Bargain Outlet makes up about 1.7% of Geneva Capital Management LLC’s portfolio, making the stock its 17th biggest holding. Geneva Capital Management LLC owned 1.71% of Ollie’s Bargain Outlet worth $102,106,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Sei Investments Co. boosted its stake in Ollie’s Bargain Outlet by 15.3% during the first quarter. Sei Investments Co. now owns 207,554 shares of the company’s stock worth $16,515,000 after buying an additional 27,531 shares during the period. Axxcess Wealth Management LLC acquired a new stake in Ollie’s Bargain Outlet in the first quarter valued at approximately $841,000. Capital Research Global Investors purchased a new position in Ollie’s Bargain Outlet in the first quarter worth approximately $136,978,000. Seven Eight Capital LP increased its position in shares of Ollie’s Bargain Outlet by 178.8% in the 1st quarter. Seven Eight Capital LP now owns 9,592 shares of the company’s stock valued at $763,000 after purchasing an additional 6,151 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. raised its holdings in shares of Ollie’s Bargain Outlet by 953.2% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 566,738 shares of the company’s stock valued at $55,637,000 after purchasing an additional 512,928 shares in the last quarter.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. dropped their price objective on Ollie’s Bargain Outlet from $113.00 to $105.00 and set an “overweight” rating on the stock in a report on Friday, August 30th. Loop Capital reissued a “buy” rating and set a $110.00 price objective on shares of Ollie’s Bargain Outlet in a report on Friday, September 20th. UBS Group increased their target price on shares of Ollie’s Bargain Outlet from $97.00 to $99.00 and gave the company a “neutral” rating in a research report on Friday, August 30th. Gordon Haskett raised shares of Ollie’s Bargain Outlet from an “accumulate” rating to a “buy” rating and boosted their price target for the company from $105.00 to $107.00 in a research report on Monday, August 26th. Finally, Bank of America raised their price objective on Ollie’s Bargain Outlet from $102.00 to $115.00 and gave the stock a “buy” rating in a report on Monday, September 30th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $104.92.

Ollie’s Bargain Outlet Price Performance

NASDAQ OLLI traded down $2.99 on Tuesday, hitting $95.11. 395,051 shares of the company’s stock were exchanged, compared to its average volume of 1,023,994. The firm’s 50-day moving average price is $94.99 and its two-hundred day moving average price is $91.49. The firm has a market cap of $5.83 billion, a price-to-earnings ratio of 29.91, a P/E/G ratio of 2.46 and a beta of 0.84. Ollie’s Bargain Outlet Holdings, Inc. has a fifty-two week low of $68.05 and a fifty-two week high of $104.98.

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

Ollie’s Bargain Outlet Company 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.