Champlain Investment Partners LLC Lowers Stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Champlain Investment Partners LLC lessened its position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 10.9% in the third quarter, according to the company in its most recent Form 13F filing 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 period. Champlain Investment Partners LLC owned about 0.96% of Ollie’s Bargain Outlet worth $57,320,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. D. E. Shaw & Co. Inc. lifted its stake in shares of Ollie’s Bargain Outlet by 953.2% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 566,738 shares of the company’s stock worth $55,637,000 after purchasing an additional 512,928 shares during the period. Los Angeles Capital Management LLC lifted its position in Ollie’s Bargain Outlet by 199.3% during the second quarter. Los Angeles Capital Management LLC now owns 560,054 shares of the company’s stock worth $54,981,000 after buying an additional 372,914 shares during the period. Vanguard Group Inc. boosted its stake in Ollie’s Bargain Outlet by 6.2% in the 1st quarter. Vanguard Group Inc. now owns 5,882,908 shares of the company’s stock worth $468,103,000 after buying an additional 343,903 shares during the last quarter. Victory Capital Management Inc. grew its holdings in Ollie’s Bargain Outlet by 84.8% in the 3rd quarter. Victory Capital Management Inc. now owns 313,836 shares of the company’s stock valued at $30,505,000 after buying an additional 143,996 shares during the period. Finally, F M Investments LLC acquired a new position in shares of Ollie’s Bargain Outlet during the 2nd quarter valued at about $13,852,000.

Analyst Ratings Changes

OLLI has been the topic of several research analyst reports. Piper Sandler reissued 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. Royal Bank of Canada boosted their price objective 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. Gordon Haskett raised Ollie’s Bargain Outlet from an “accumulate” rating to a “buy” rating and increased their target price for the stock from $105.00 to $107.00 in a research report on Monday, August 26th. Bank of America boosted their price target on Ollie’s Bargain Outlet from $102.00 to $115.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Finally, UBS Group raised 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. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, 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 NASDAQ:OLLI opened at $94.61 on Friday. The company has a 50 day moving average of $94.87 and a two-hundred day moving average of $92.20. Ollie’s Bargain Outlet Holdings, Inc. has a 52-week low of $68.05 and a 52-week high of $104.98. The company has a market capitalization of $5.80 billion, a price-to-earnings ratio of 28.84, a price-to-earnings-growth ratio of 2.26 and a beta of 0.84.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings results on Thursday, August 29th. The company reported $0.78 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.78. The firm had revenue of $578.38 million for the quarter, compared to the consensus estimate of $561.60 million. Ollie’s Bargain Outlet had a net margin of 9.19% and a return on equity of 13.27%. The firm’s quarterly revenue was up 12.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.67 EPS. On average, equities analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.27 earnings per share for the current year.

Insider Activity at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, SVP Kevin Mclain sold 15,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the senior vice president now directly owns 10,610 shares of the company’s stock, valued at $1,050,283.90. This represents a 58.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, President Der Valk Eric Van sold 7,479 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $100.32, for a total transaction of $750,293.28. Following the sale, the president now directly owns 5,615 shares of the company’s stock, valued at $563,296.80. The trade was a 57.12 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 24,880 shares of company stock valued at $2,462,470. Insiders own 0.87% of the company’s stock.

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.