Geneva Capital Management LLC Sells 11,923 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Geneva Capital Management LLC lowered its position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 1.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,038,546 shares of the company’s stock after selling 11,923 shares during the period. Ollie’s Bargain Outlet accounts for 2.0% of Geneva Capital Management LLC’s portfolio, making the stock its 14th largest holding. Geneva Capital Management LLC owned about 1.69% of Ollie’s Bargain Outlet worth $113,960,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Wilmington Savings Fund Society FSB raised its stake in shares of Ollie’s Bargain Outlet by 337.0% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 236 shares of the company’s stock valued at $26,000 after acquiring an additional 182 shares during the last quarter. Bogart Wealth LLC bought a new position in shares of Ollie’s Bargain Outlet in the fourth quarter valued at approximately $26,000. Blue Trust Inc. raised its stake in shares of Ollie’s Bargain Outlet by 55.2% in the fourth quarter. Blue Trust Inc. now owns 284 shares of the company’s stock valued at $31,000 after acquiring an additional 101 shares during the last quarter. Arcadia Investment Management Corp MI acquired a new stake in shares of Ollie’s Bargain Outlet in the fourth quarter valued at approximately $58,000. Finally, UMB Bank n.a. increased its holdings in shares of Ollie’s Bargain Outlet by 25.3% in the fourth quarter. UMB Bank n.a. now owns 545 shares of the company’s stock valued at $60,000 after purchasing an additional 110 shares in the last quarter.

Ollie’s Bargain Outlet Stock Up 1.9 %

Shares of NASDAQ OLLI opened at $105.38 on Thursday. The company’s fifty day moving average is $106.84 and its 200-day moving average is $100.84. The stock has a market cap of $6.46 billion, a price-to-earnings ratio of 31.46, a P/E/G ratio of 2.21 and a beta of 0.81. Ollie’s Bargain Outlet Holdings, Inc. has a twelve month low of $68.05 and a twelve month high of $120.03.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings results on Tuesday, December 10th. The company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. The company had revenue of $517.43 million for the quarter, compared to analysts’ expectations of $518.83 million. Ollie’s Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period last year, the firm posted $0.51 earnings per share. On average, research analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

Insider Activity at Ollie’s Bargain Outlet

In related news, SVP James J. Comitale sold 5,325 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $113.95, for a total value of $606,783.75. Following the sale, the senior vice president now directly owns 3,140 shares of the company’s stock, valued at approximately $357,803. The trade was a 62.91 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO John W. Swygert sold 54,318 shares of the business’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $109.44, for a total transaction of $5,944,561.92. Following the completion of the sale, the chief executive officer now directly owns 48,200 shares in the company, valued at $5,275,008. This represents a 52.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 78,939 shares of company stock valued at $8,745,031. 0.87% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on OLLI. StockNews.com lowered shares of Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a report on Tuesday, February 4th. Loop Capital raised their price target on shares of Ollie’s Bargain Outlet from $120.00 to $130.00 and gave the company a “buy” rating in a report on Monday, December 23rd. Truist Financial raised their price target on shares of Ollie’s Bargain Outlet from $109.00 to $121.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Jefferies Financial Group lowered shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and lowered their price target for the company from $125.00 to $111.00 in a report on Tuesday, February 4th. Finally, Piper Sandler raised their price target on shares of Ollie’s Bargain Outlet from $107.00 to $126.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, Ollie’s Bargain Outlet currently has an average rating of “Moderate Buy” and a consensus target price of $118.07.

About Ollie’s Bargain Outlet

Ollie’s Bargain Outlet Holdings, Inc is a holding company, which engages in the retail of closeouts, excess inventory, and salvage merchandise. It offers overstocks, package changes, manufacturer refurbished goods, and irregulars. The company’s products include housewares, food, books and stationery, bed and bath, floor coverings, electronics and toys.