Geneva Capital Management LLC Raises Stock Position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Geneva Capital Management LLC lifted its position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 0.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,037,404 shares of the company’s stock after purchasing an additional 4,523 shares during the period. Ollie’s Bargain Outlet accounts for about 1.5% of Geneva Capital Management LLC’s investment portfolio, making the stock its 24th biggest position. Geneva Capital Management LLC’s holdings in Ollie’s Bargain Outlet were worth $78,729,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wellington Management Group LLP grew its position in shares of Ollie’s Bargain Outlet by 141.5% in the 3rd quarter. Wellington Management Group LLP now owns 1,075,882 shares of the company’s stock worth $83,037,000 after buying an additional 630,298 shares during the last quarter. Invesco Ltd. boosted its position in shares of Ollie’s Bargain Outlet by 76.1% in the 3rd quarter. Invesco Ltd. now owns 831,522 shares of the company’s stock worth $64,177,000 after purchasing an additional 359,371 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Ollie’s Bargain Outlet by 334.7% in the 3rd quarter. AQR Capital Management LLC now owns 305,060 shares of the company’s stock worth $23,444,000 after purchasing an additional 234,886 shares in the last quarter. Jennison Associates LLC acquired a new position in shares of Ollie’s Bargain Outlet during the fourth quarter valued at about $10,498,000. Finally, Lisanti Capital Growth LLC raised its position in shares of Ollie’s Bargain Outlet by 296.5% in the 3rd quarter. Lisanti Capital Growth LLC now owns 110,255 shares of the company’s stock valued at $8,509,000 after purchasing an additional 82,445 shares during the last quarter.

Insider Buying and Selling at Ollie’s Bargain Outlet

In other news, CEO John W. Swygert sold 5,000 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $82.57, for a total value of $412,850.00. Following the completion of the sale, the chief executive officer now directly owns 48,200 shares in the company, valued at $3,979,874. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, VP Larry Kraus sold 2,928 shares of the stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $79.00, for a total value of $231,312.00. Following the completion of the sale, the vice president now owns 1,905 shares of the company’s stock, valued at approximately $150,495. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO John W. Swygert sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $82.57, for a total value of $412,850.00. Following the completion of the transaction, the chief executive officer now owns 48,200 shares in the company, valued at $3,979,874. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 27,341 shares of company stock worth $2,097,938. Corporate insiders own 0.87% of the company’s stock.

Ollie’s Bargain Outlet Trading Up 0.2 %

NASDAQ:OLLI traded up $0.12 during trading hours on Thursday, reaching $78.72. 671,718 shares of the company were exchanged, compared to its average volume of 905,168. Ollie’s Bargain Outlet Holdings, Inc. has a twelve month low of $52.93 and a twelve month high of $84.38. The stock’s 50-day moving average is $74.98 and its 200-day moving average is $75.25. The firm has a market cap of $4.82 billion, a PE ratio of 27.17 and a beta of 0.76.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings data on Wednesday, March 20th. The company reported $1.23 EPS for the quarter, topping the consensus estimate of $1.16 by $0.07. The company had revenue of $648.90 million during the quarter, compared to analyst estimates of $649.39 million. Ollie’s Bargain Outlet had a return on equity of 12.55% and a net margin of 8.63%. Ollie’s Bargain Outlet’s quarterly revenue was up 18.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.84 EPS. As a group, research analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.19 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently commented on OLLI. JPMorgan Chase & Co. lowered their price objective on shares of Ollie’s Bargain Outlet from $88.00 to $85.00 and set a “neutral” rating for the company in a research note on Thursday, March 21st. Truist Financial raised shares of Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and upped their price objective for the company from $80.00 to $86.00 in a report on Friday, May 3rd. The Goldman Sachs Group boosted their target price on shares of Ollie’s Bargain Outlet from $91.00 to $104.00 and gave the company a “buy” rating in a research report on Thursday, March 21st. Bank of America initiated coverage on Ollie’s Bargain Outlet in a research note on Monday. They set a “buy” rating and a $92.00 price objective for the company. Finally, Loop Capital raised Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and raised their target price for the stock from $80.00 to $90.00 in a report on Friday, April 5th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Ollie’s Bargain Outlet has a consensus rating of “Moderate Buy” and a consensus target price of $87.08.

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.